General Investing >> Money Manager Interviews >> October 9, 2015

Unlocking Value Through Changes in a Company’s Structure

Thomas F. Kirchner, CFA, is Portfolio Manager of Quaker Funds, Inc. Mr. Kirchner has been responsible for the day-to-day management of the fund since its 2003 inception. Prior to joining Quaker Funds, Inc., he was the Founder of Pennsylvania Avenue Advisers LLC and the Portfolio Manager of the Pennsylvania Avenue Event-Driven Fund. From 1996 to 1999, Mr. Kirchner worked as a bond trader for Banque Nationale de Paris S.A. In 1999, he was retained by Fannie Mae as a financial engineer. Mr. Kirchner is a graduate of Kings College, University of London; Institut d’Etudes Politiques de Paris; and University of Chicago Booth School of Business. He has earned the right to use the Chartered Financial Analyst designation. Profile
TWST: Your fund previously was under the Pennsylvania Funds banner, and it’s now under Quaker Funds. Has anything about the fund itself changed in the transition?

Mr. Kirchner: The