Donald W. Smith Joins Turner Investment Partners as Security Analyst/Portfolio Manager.

Business Editors

BERWYN, Pa.--(BUSINESS WIRE)--Oct. 30, 2003

Donald W. Smith has been named a security analyst/portfolio manager of the U.S. Growth Equity Investing Team at Turner Investment Partners, an investment-management firm that invests more than $10 billion on behalf of institutions and individuals.

In this position Mr. Smith, 35, helps cover the cyclical sectors of the stock market -- the energy, materials/processing, and utilities sectors -- for all of Turner's institutional growth-stock portfolios and mutual funds. In addition, he helps manage Turner's institutional large-cap growth-stock portfolios and two mutual funds, the Turner Disciplined Large Cap Growth Fund and the Turner Large Cap Growth Opportunities Fund. Based in Berwyn, Pennsylvania, Turner is employee-owned and was founded in 1990.

Mr. Smith becomes the fourteenth member of Turner's U.S. Growth Equity Investing Team. His appointment supports the growth in Turner's investment services and individual responsibilities of the team; Turner's assets under management have more than tripled since 1999. He reports to Robb J. Parlanti, senior portfolio manager/security analyst and a principal of the firm.

Mr. Smith most recently served as an equity analyst at Delaware Investment Advisers, where he followed the energy, media, automotive, industrial, and airline industries.

A Chartered Financial Analyst, he earned a bachelor of science degree cum laude in operations management at Syracuse University in 1990 and an MBA degree in financial management at the Sloan School of Management at Massachusetts Institute of Technology in 1999.

A native of North Tonawanda, New York, he was a member of the U.S. Olympic Rowing Team and the U.S. National Rowing Team from 1993 to 1996 and from 1999 to 2000. During much of that time, he lived and trained with the teams in San Diego. He now lives in Philadelphia.