Portfolio Management

Fund manager head shot

Martin C. Schulz, J.D.

Managing Director, International Equity
martin.schulz@pnc.com

    • Industry Experience: 23 years
    • Managed Fund Since: 1998
    • B.A., Cornell University
    • M.B.A., George Washington University
    • J.D., George Washington University
    • M.S.S., U.S. Army War College

Martin, a managing director, leads the firm's International Equity team. He formulates strategy and maintains final authority over all investment decisions. Martin's industry experience extends to 1995 and includes positions in equity research and portfolio management. Prior to joining the firm in 1998, he was a portfolio manager with National City Corporation. Martin, who is fluent in German and conversant in French, has traveled to more than 70 countries. Martin earned a Bachelor of Arts degree in international relations from Cornell University, graduating magna cum laude. He received an M.B.A. in international business and a J.D. from George Washington University, and a Master of Strategic Studies from the U.S. Army War College. He also has served as a colonel in the U. S. Army and was honored as a 1999 General MacArthur Junior Officer Leadership Award winner.

Fund manager head shot

Calvin Y. Zhang

Senior Analyst/Portfolio Manager
calvin.zhang@pnc.com

    • Industry Experience: 13 years
    • Managed Fund Since: 2008
    • B.A., South China University of Technology
    • M.B.A., University of Rochester

Calvin is a senior analyst/portfolio manager with responsibilities for research and analysis on Asian growth-oriented securities. Prior to joining the firm in 2008, he was an analyst and portfolio manager with Driehaus Capital Management, where he covered China, Taiwan, and Korea and helped manage its International Select Portfolio Fund. Previously, he served as an advisory client representative for IBM and as a diplomat in the Foreign Affairs Office of Guangdong, China. Calvin holds a Bachelor of Arts degree in English and computer science from the South China University of Technology and an M.B.A. from the University of Rochester.

Fund manager head shot

Bernard R. Horn, Jr.

President and Chief Investment Officer, Polaris Capital Management, LLC

    • Industry Experience: 38 years
    • Managed Fund Since: 2005
    • B.S.B.A., Northeastern University
    • M.S., Massachusetts Institute of Technology

Bernie is founder, president and chief investment officer of Polaris Capital Management, LLC, a Boston-based global and international value equity firm that manages the value component of the International Equity Fund. He sets strategy, generates investment ideas, and has final decision-making authority over security selection. His career includes MDT Advisers, Inc., where he managed a $40 million ERISA portfolio component; Freedom Capital Management Corporation, where he was vice president and portfolio manager and where he continues to subadvise the Freedom International Fund; and Horn & Company, which he founded as an investment counseling firm for individuals, trusts, and tax qualified accounts and where he established the Global Value Limited and the Thrift Investors Limited partnerships. Bernie holds a Bachelor of Science in Business Administration degree from Northeastern University, a Master of Science degree in management from the Alfred P. Sloan School of Management at M.I.T., and is a member of the Bank Analysts Association of Boston.

Fund manager head shot

Sumanta Biswas, CFA

Vice President and Assistant Portfolio Manager, Polaris Capital Management, LLC

    • Industry Experience: 22 years
    • Managed Fund Since: 2005
    • B.S., North Bengal University
    • M.S., Boston College
    • M.B.A., Calcutta University

Sumanta is vice president and assistant portfolio manager at Polaris Capital Management, LLC, which manages the value component of the International Equity Fund. He is a generalist and does fundamental analysis of potential investment opportunities. He is closely involved in all aspects of managing the portfolios' investments. His prior professional experience includes equity research at Delta Partners of Boston and a four-year tenure as an officer on the Securities and Exchange Board of India. Sumanta earned an undergraduate degree from North Bengal University and holds a diploma in business finance from the Institute of Chartered Financial Analysts of India, as well as a Master of Science in finance from Boston College and an M.B.A. from Calcutta University.

Fund manager head shot

Bin Xiao, CFA

Assistant Portfolio Manager, Polaris Capital Management, LLC

    • Industry Experience: 11 years
    • Managed Fund Since: 2013
    • B.S., Beijing Institute of Technology
    • M.S., Rochester Institute of Technology
    • M.B.A., Massachusetts Institute of Technology

Bin is an assistant portfolio manager for Polaris Capital Management, LLC, which manages the value component of the International Equity Fund. He is a generalist and does fundamental analysis of potential investment opportunities. He joined Polaris as an analyst in 2006 and became an assistant portfolio manager in 2012. He previously held positions as a software engineer and project manager for PNC Financial Services Group, Vanguard Group, and RIT Research Corporation. Bin holds a Bachelor of Science degree from the Beijing Institute of Technology, China, a Master of Science degree in computer science from Rochester Institute of Technology, and an M.B.A. from the Sloan School of Management at the Massachusetts Institute of Technology.


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