FUND MANAGEMENT BIOS
Portfolio Manager and Co-Founding Partner
Amit Wadhwaney is a Portfolio Manager and Co-Founding Partner at Moerus Capital Management LLC, and the founding manager of the Moerus Worldwide Value Fund. Mr. Wadhwaney has over 25 years of experience researching and analyzing investment opportunities in developed, emerging, and frontier markets worldwide, and has managed global investment portfolios since 1996.
Prior to founding Moerus, Mr. Wadhwaney was a Portfolio Manager and Partner at Third Avenue Management LLC. Mr. Wadhwaney founded the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, LP, the Third Avenue Emerging Markets Fund, LP, and the Third Avenue International Value Fund, an open end mutual fund. The Third Avenue Global Value Fund, LP, Third Avenue Emerging Markets Fund, LP, and the Third Avenue International Value Fund are not offered by Moerus Funds.
Earlier in his career, Mr. Wadhwaney was first a securities analyst and then Director of Research at M.J. Whitman LLC, a New York-based broker-dealer. Prior to joining M.J. Whitman, Mr. Wadhwaney was a paper and forest products analyst at Bunting Warburg, a Canadian brokerage firm. He began his career at Domtar, a Canadian forest products company. Mr. Wadhwaney holds an M.B.A. in Finance from The University of Chicago. He also holds a B.A. with honors and an M.A. in Economics from Concordia University; at Concordia, he was awarded the Sun Life Prize and the Concordia University Fellow in Economics, and he subsequently taught economics classes there. He also holds B.S. degrees in Chemical Engineering and Mathematics from the University of Minnesota.
JOHN MAURO, CFA
Research Analyst and Co-Founding Partner
John Mauro is a Research Analyst and Co-Founding Partner at Moerus Capital Management LLC. Mr. Mauro has over 17 years of global investment research experience, during which he has evaluated investment opportunities across a wide range of industries and geographic markets. Prior to joining Moerus, Mr. Mauro worked alongside Amit Wadhwaney and Michael Campagna as an investment research analyst at Third Avenue Management LLC, where he joined the investment team in 2003.
Mr. Mauro holds an M.B.A. in Finance from the Zicklin School of Business at Baruch College, where he was inducted into Beta Gamma Sigma, the international honor society. He holds a B.A. in Economics from Fordham University, where he graduated summa cum laude. He is a CFA Charterholder and a member of the New York Society of Security Analysts.
MICHAEL CAMPAGNA, CFA
Research Analyst and Co-Founding Partner
Michael Campagna is a Research Analyst and Co-Founding Partner at Moerus Capital Management LLC. For over 13 years, Mr. Campagna has conducted research on and analyzed investment opportunities globally across a wide range of industries. Prior to joining Moerus, Mr. Campagna worked alongside Amit Wadhwaney and John Mauro as an investment research analyst at Third Avenue Management LLC, where he joined the investment team in 2007.
Earlier in his career, he was an investment analyst for JP Morgan Private Bank, where he evaluated and selected money managers for use in high net worth and institutional investment accounts. Mr. Campagna holds a B.S. in Finance and a B.S. in Information Systems from New York University. He is a CFA Charterholder and a member of the New York Society of Security Analysts.
GABRIEL TURSI, CFA
Gabriel Tursi is a Research Associate at Moerus Capital Management LLC. Mr. Tursi joined Moerus in 2018, working on projects with the investment team, before joining the team in 2021.
Earlier in his career, Mr. Tursi worked in analytics at JP Morgan's Wholesale Credit Stress Testing Group. He holds a B.A. in Finance from Temple University. He is a CFA Charterholder and a member of the New York Society of Security Analysts.
Copyright Moerus Capital Management, 2021
Investing involves risk, including possible loss of principal. Equity securities are subject to market, economic and business risks that may cause their prices to fluctuate. Investments made in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments may be concentrated in a particular country geographic region, sector, industry, or group of industries, and the value of Fund shares may rise and fall more than more diversified funds. Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Frontier market countries generally have smaller economies and less developed capital markets than even traditional emerging markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier market countries. Currency risk is the risk that the values of foreign investments may be affected by changes in the currency rates or exchange control regulations. Significant investments in cash or cash equivalents may run the risk that the value of the cash account, including interest, will not keep pace with inflation. Please see the prospectus for details of these and other risks.
Foreside Fund Services, LLC, Distributor.
Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. This and other important information about the Funds is contained in the prospectus, which can be obtained by calling 1-844-MOERUS1 or visiting http://moerusfunds.com. The prospectus should be read carefully before investing.