An independent team. A single goal.

John J. Pileggi

Mr. Pileggi is Managing Partner of AIFS. Previously Mr. Pileggi was President and CEO of Mercantile Investment & Wealth Management and President of Mercantile Capital Advisors and Mercantile Securities until March 2004. In 2001, Mr. Pileggi was President and CEO of PlusFunds. From 1997 to 2000, he was Chairman and CEO of ING Funds and CEO of ING Investment Products Distribution, overseeing the launch of a mutual fund operation in January 1999 that grew to $1.5 billion in assets and 18 funds in its first year. Prior to 1997, he was Senior Managing Director and Member of the Board of Furman Selz LLC. Mr. Pileggi began his career at Lehman Brothers Kuhn Loeb.

John ‘J’ Holmgren

Mr. Holmgren joined AIFS in 2008 as Chief Investment Officer – Equities and is responsible for the oversight, development and implementation of equity strategies. He previously was Chief Investment Officer and Chief Executive Officer of DSI International Management, Inc (DSI), which was acquired by UBS (Paine Webber) in 1999. Mr. Holmgren was a Managing Director at UBS and sat on the various UBS Global AM and O’Connor Investment and Management Committees. He began his financial markets career as a registered representative with Ascher Decision, a broker dealer (1983 to 1986). From 1986 to 1988, he was a product developer and marketing representative for Decision Services, Inc., an independent economic and securities research firm. In 1987 he was one of the original founders of DSI International Management. From 1988 to 1997, he was the founder and President of DSC Data Services, Inc., an independent, quantitative research firm.

Jeff Miller

Mr. Miller is President of AICM and Portfolio Manager of the Financial Services and Stock Funds. He was the co-Founder of and co-Chief Investment Officer at Miller & Jacobs Capital, LLC. Previously Mr. Miller was Vice President of Equity Research at Keefe, Bruyette & Woods, Inc. Mr. Miller was instrumental in developing valuation models for KBW’s recommended list, and was also a key proponent of focusing on capital management for banks and thrifts as a primary driver of shareholder value creation.

T. Kirkham ‘Kirk’ Barneby

Mr. Barneby joined AIFS in 2008 as Chief Strategist & Portfolio Manager, Taxable Fixed Income. At AIFS he utilizes a proprietary discipline, grounded in the economic theory of interest rate behavior, to manage interest rate exposure or risk. Prior to AIFS Mr. Barneby was a Managing Member of Old Iron Hill Capital Management, LLC employing quantitatively-oriented fixed income and multi-strategy investment approaches. Previously, he headed an investment group at UBS in New York that managed equity and bond portfolios with roughly $7 billion in assets. Earlier, in the 1980s, Mr. Barneby was part of a team at Continental Can that made asset allocation decisions for the company’s pension plan. He began his career in the Economics Department at First National City Bank (Citibank).

Robert A Campbell

Mr. Campbell is president of American Independence Financial Counselors and is responsible for management of certain of the fixed income portfolios of the American Independence mutual funds. He joined American Independence upon its inception in March 2006. Mr. Campbell has been a fixed income portfolio manager for over 30 years. He has managed a variety of bond portfolios during this time period and has managed both taxable and tax-exempt portfolios. Mr. Campbell has managed bond portfolios for a variety of mutual fund complexes, insurance companies, banks and private clients. At different points in his career he has managed portfolios with different maturity orientations from money markets to long maturity bonds.

Eric M. Rubin

Mr. Rubin is President of the AIFS. Before joining AIFS, Mr. Rubin was with ING Financial Partners as a sales executive. At ING he played an integral role in ING’s successful launch of ING Funds, a start-up mutual funds effort for ING in the United States. Prior to that, he was a Senior Vice President of Mercantile Capital Advisors, an affiliate of Mercantile Bankshares and a registered investment adviser, where he managed and coordinated the sales of Mercantile’s investment products to independent financial advisors, consultants and institutional investors. Before joining Mercantile, Mr. Rubin was an executive of DST Systems International, a software provider to the investment management community. Mr. Rubin has also held various senior sales and sales management positions with ING Mutual Funds, Furman Selz LLC (Institutional Brokerage, Investment Banking and Asset Management firm) and Banc One Investment Advisors.

Tammy Dalton

Ms. Dalton is Vice President of Research, responsible for research on nonlife insurance, energy, and healthcare sectors. Prior to joining in 2005, Ms. Dalton was a Vice President of Mizuho Corporate Bank. Employed by the bank for 10 years, she served as a Portfolio Manager for Mountain Capital Advisors, an asset management group which managed assets exceeding $1.5 billion. Previously, Ms. Dalton was Vice President & Team Leader of Mizuho’s Asset Recovery Group, with prior experience in Fuji Bank’s Leveraged Finance Group and the Americas Division overseeing credit and risk management functions of Heller Financial. Ms. Dalton received a BA in International Politics and Economics from Middlebury College and an MBA from Cornell University in 1994.

Theresa Donovan

Ms. Donovan joined AIFS in May 2005 as head of Corporate Secretary and Compliance. Prior to joining AIFS, Ms. Donovan was the Senior Corporate Paralegal at Paul, Weiss, Rifkind, Wharton & Garrison, LLP working in both the private equity and public fund divisions, where she was responsible for all investment advisor registration filings with the SEC for the firm. She also prepared and/or reviewed all SEC filings for the firm’s mutual fund clients and blue sky filings for all private equity funds. Ms. Donovan was responsible for supervising and assigning work to all paralegals in the private fund division. Prior to that, she was director in the compliance department of the mutual fund division of Furman Selz LLC.

Ariel Fromer

Ms. Fromer is Vice President, Assistant Portfolio Manager responsible for research on the life insurance, asset management, and consumer sectors, having previously worked at the Firm as a trader. Prior to joining the Firm in 2005, Ms. Fromer was a Research Assistant at James River Capital Corporation. Ms. Fromer graduated Cum Laude with dual BA degrees in Economics and Environmental Studies from Tufts University

Mike Holmgren

Mr. Holmgren joined AIFS in 2008 and is responsible for the development and implementation of quantitative investment product. He was Chief Operating Officer of DSI from 2005 -2007 and a member of the portfolio management team. Mike Holmgren was responsible for investment operations and portfolio implementation of the DSI business group within UBS Global AM. DSI was a key provider of global quantitative risk controlled and long/short equity products within UBS Global Asset Management. He joined DSI International Management, Inc. in 1988 as an analyst to develop, operate and enhance the global equity databases and portfolio simulation processes. Prior to joining DSI, he worked in product development at Decision Services, an independent economic and securities firm.

Kevin Kim

Mr. Kim is Director of Business Development. Before joining AIFS in September of 2008, Kevin Kim worked at JP Morgan Chase and Wells Fargo in both retail and institutional departments.  Prior to these firms, Mr. Kim was with Xerox Corporation in the Business Development division.  Mr. Kim graduated with a BA degree in Business Law from Marymount University and a Master’s degree in Information Technology from American University.

Frank Vallario

Mr. Vallario joined AIFS as a Portfolio Manager in 2008. Previously, he was a member of the portfolio management team for DSI, responsible for managing the group’s US risk controlled and US long/short equity products. His other responsibilities included stock selection research, alternative portfolio construction, product development and performance attribution for the group’s global risk controlled and long/short equity products. He began his career in 1995 in the capital markets division of PaineWebber, Inc. In 1996, Mr. Vallario joined the asset management division’s Quantitative Investments Group as a portfolio manager.

Philip J. Cuthbertson

Mr. Cuthbertson is an Independent Trading Consultant with 27 years of investment experience as a bank research analyst, research salesman and proprietary trader. Prior to 2003, he spent his career at Keefe, Bruyette & Woods, a boutique firm specializing in the financial services sector. Beginning in 1980 as an equity analyst, in 1984 Mr. Cuthbertson opened, staffed and managed a sales office in London for several years. Returning to New York, he ran KBW’s proprietary trading desk., overseeing all sales and trading, market making and proprietary trading, including arbitrage. Mr. Cuthbertson received his BA from Bucknell University and an MBA from the University of Connecticut.