Turner Investment Partners Names 12 New Principals, 72 of 93 Employees Now Hold Equity Ownership in Firm.

BERWYN, Pa. -- With the latest appointment of 12 new principals, 77% of the employees at Turner Investment Partners will hold equity ownership in the investment firm, which manages more than $18 billion in assets in growth, value, and core stocks for institutions and individuals.

The 12 new principals will be among the 72 employees who have shares in the Berwyn, Pennsylvania-based firm, which employs 93 people and was founded in 1990.

Turner's assets under management have increased by more than 150% in the past three years, and the principalships have served to reward employees who have helped the firm to grow and succeed in serving clients. All full-time Turner employees are eligible to become principals.

Notes Bob Turner, founder, chairman, and chief investment officer of the firm: "Our practice of spreading equity ownership widely throughout the firm has been called a form of democratic capitalism. It is that, but we like to think of it as a way to recognize staff members for putting clients first, for serving clients well in terms of investment performance and service. The people who are named principals have typically been with us for several years, share our firm's values, are team players, and do more than is required."

Named principals were the following staff members:

--Marc Bianchi, 28, security analyst/portfolio manager, and a resident of Conshohocken, Pennsylvania. He earned a bachelor's degree in 2000 and an MBA degree in 2004 at Rollins College. He joined Turner in 2004.

--Fred Casadei, 34, operations manager, managed accounts, and a resident of Havertown, Pennsylvania. He joined the firm in 2002. He received his bachelor's degree at Widener University in 1993 and an MBA degree at Saint Joseph's University in 2002.

--Kelly Cullen, 38, manager in the Client Service Team, and a resident of Devon, Pennsylvania. She joined the firm in 2002 and graduated from Temple University in 1991.

--Jack Ebenreiter, 32, director in the Client Service Team, and a resident of Philadelphia. He joined the firm in 2004 and is a 1996 graduate of Rowan University. He holds the Chartered Financial Analyst designation.

--Louise Hertzog, 54, program trader, and a resident of Jeffersonville, Pennsylvania. She joined the firm in 2003 and earned an associate's degree at Montgomery County Community College in 1971.

--Chris Holmes, 35, associate in mutual-fund administration and compliance, and a resident of Malvern, Pennsylvania. He joined the firm in 2002 and is a 1998 graduate of West Chester University.

--David Honold Jr., 29, security analyst/portfolio manager, and a resident of Malvern, Pennsylvania. He graduated from the College of the Holy Cross in 1998 and joined the firm in 2005.

--Eric Kleppe, 36, director in the Client Service Team, and a resident of Paoli, Pennsylvania. He joined the firm in 2004 and earned a bachelor's degree at Gettysburg College in 1991 and an MBA degree at The Pennsylvania State University in 1996. He is a CFA charterholder.

--Lloy Sanders, 37, customer-relationship-management database programmer, and a resident of Hatfield, Pennsylvania. He joined Turner in 2002 and attended Arcadia University.

--Kamila Sekowska, 30, receptionist, and a resident of Media, Pennsylvania. She joined Turner in 2002.

--Michelle Summerill, 27, equity trading assistant, and a resident of East Norriton, Pennsylvania. She joined the firm in 2002 and graduated from West Chester University in 2001.

--Karl Zeller, 29, director in the Managed Account Team, and a resident of Wayne, Pennsylvania. He joined the firm in 2002 and was awarded a bachelor's degree from the University of Virginia in 1998.