Stephen J. Mahoney is lead fixed income portfolio manager for Glenmede Investment Management LP. He is primarily responsible for the management of tax-exempt institutional fixed income portfolios.

Mr. Mahoney joined the parent company, The Glenmede Trust Company, N.A. (GTC), in 1999 to contribute his specialized knowledge of corporate bonds to GTC's institutional, tax-exempt portfolios.

Prior to joining GTC, Mr. Mahoney was a fixed income portfolio manager with 1838 Investment Advisors. Before that, he spent ten years with The Vanguard Group's fixed income trading desk. Throughout his career, Mr. Mahoney has managed an assortment of fixed income securities, including money market instruments, U.S. Treasuries, corporate securities, Agency securities and derivative products.

Mr. Mahoney received an M.B.A. in finance from St. Joseph's University. He earned a B.S. from Widener University with academic honors in finance. He is a member of the Financial Analysts of Philadelphia, the CFA Institute, and the Institutional Investor Fixed Income Forum.

Steven R. Point is a lead fixed income portfolio manager for Glenmede Investment Management LP. In addition to maintaining primary responsibility for the mortgage-backed security positions, he is also responsible for fixed income strategy development and performance evaluation in managing the Glenmede tax-exempt, institutional fixed income portfolios.

He joined the parent firm, The Glenmede Trust Company, N.A. (GTC), in 1993 with responsibility for the management of mortgage-backed securities for both private and institutional clients.

Prior to joining GTC, Mr. Point was the director of MBS capital markets at Fannie Mae, where he was responsible for REMIC issuance and investor marketing. Before that, he was a financial and systems consultant with Touche Ross & Co., where he helped establish the firm's Asset Securitization Group. He began his career as a Treasury Analyst with Harris Corp. where he was responsible for foreign currency risk control and cash management.

Mr. Point received his M.B.A. from the University of Michigan, with Distinction, and was admitted to the Beta Gamma Sigma academic honor society. He received his B.A. in economics, with Distinction, from the University of Virginia. He is a member of the Institutional Investor Fixed Income Forum and is a frequent speaker on the fixed income markets.