EDGEWOOD MANAGEMENT LLC

Edgewood Management LLC is an investment management company owned by its employees. The company was established in 1974 with approximately $50 billion in assets under management and 6 employees. Edgewood Management would launch its Large Cap Growth product in 1987 and reach $1 billion in total assets under management in 1997 with its president position being taken over by Alan W. Breed, the son of the previous president William C. Breed. The company would then reach $2 billion before the turn of the millennia and establish the role of CFO with the addition of Fausto Rotundo, who continues to be the CFO today. The company would then launch its Edgewood Select Product in 2005 and Edgewood Growth Fund in 2005. By 2007, the company would reach over $5 billion in total assets under management. In 2008, Edgewood Management launched its Luxembourg based SICAV with its Edgewood U.S. Large Cap Growth Fund. By 2009, its original Edgewood Growth Fund would reach $1 billion in assets. The company would reach the $10 billion mark in total firm assets by 2014. Edgewood Management currently has over $11 billion in total assets under management spread across almost 900 accounts with all of its accounts being discretionary. While its total number of accounts has remained relatively stable around the 900 mark in recent years, its total assets under management has experienced significant growth. Edgewood Management currently caters to a varied client base, including high net worth individuals and individuals, which each make up approximately a third of its clientele, and corporations or other businesses, pension and profit sharing plans, charities, investment companies, and pooled investment vehicles, in order of decreasing clientele. The company invests most heavily in the information technology sector, which alone makes up over a third of its allocations, and also invests in the health care, consumer discretionary, finance, and industrials sectors, among others to a lesser degree, in order of decreasing allocation.