Rorer Asset Management, LLC
Rorer Asset Management, LLC ("Rorer"), is the subadvisor for the Managers AMG Rorer Mid Cap Relative Value Equity Strategy. Rorer, located at 161 Washington Street, Suite 1500, Conshohocken, PA, was founded in 1978. Rorer specializes in portfolio management for equity, balanced, and fixed income accounts on behalf of high net worth individuals. The investment methodology employs strong buy and sell disciplines designed to remove as much emotion as possible from the investment decision process. Rorer's relative value investment process was engineered to achieve client investment goals with substantially less volatility than the market. Affiliated Managers Group, Inc. owns a majority interest in Rorer.
As of December 31, 2006, Rorer managed approximately $1.6 billion.
Portfolio Managers
 Edward (Ted) C. Rorer
Chairman and Chief Investment Officer
Founder of Rorer Asset Management, LLC, Edward C. Rorer is the company's Chairman and Chief Investment Officer. Having developed the company's disciplined approach to investment management, he is responsible for the firm's overall investment process. He is a member of the Investment Policy Committee. He began his career in the Philadelphia office of Blyth Eastman Dillon, where he served as Vice President. Ted holds a Bachelor of Arts degree from Trinity College in Hartford, CT, and an MBA from the Wharton School, University of Pennsylvania. He is also a member of the CFA Society of Philadelphia.
 Clifford B. Storms, Jr., CFA
Executive Vice President, Director of Research
As Executive Vice President and Director of Research, Cliff Storms is responsible for fundamental, technical, and quantitative research. Cliff is a member of the Investment Policy Committee and launched his investment career in 1984. Before joining Rorer, Cliff was the Associate Director of Research and Portfolio Manager for the First Pennsylvania Bank. Prior to that, Cliff worked as an Analyst for Value Line, Inc. Cliff holds a Bachelor of Arts degree from Dickinson College and an MBA from the University of North Carolina at Chapel Hill. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of Philadelphia.
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