Mr. Saba has more than twenty years of experience performing fundamental research and managing equity portfolios. He joined Horizon Investments in 2009 and is responsible for all fundamental equity research. Prior to joining Horizon, Mr. Saba was Managing Partner and Chief Investment Officer of Charlotte Capital, LLC where he was lead portfolio manager for the firm’s two institutional investment products. During Mr. Saba’s tenure, Charlotte Capital’s Small Company Value portfolios generated annualized returns in excess of 20%, outperforming the benchmark by more than 500 basis points annually. As a result, Charlotte Capital was included in Nelson’s list of Top 40 Money Managers based on 5 year returns for the 20 quarters ending March 31, 2004. Prior to his association with Charlotte Capital, Mr. Saba was a Portfolio Manager with Pioneer Investments where he was lead portfolio manager of institutional small cap value portfolios and co-managed the Pioneer Small Company mutual fund. Before that, Mr. Saba was a Portfolio Manager and Analyst with Heartland Advisors where he managed separately managed accounts and served as Co-Portfolio Manager of the Heartland Value Plus Fund, a Morningstar 5-STAR rated mutual fund. Mr. Saba regularly contributes to the financial media. He has appeared on CNBC and was featured in Barron’s magazine. Mr. Saba holds a Masters of Business Administration from the University of Chicago Graduate School of Business and a Bachelor of Science Degree in Business Administration from The Ohio State University.