Company Press Release

RS Investments Expands Emerging Markets Capacity with New Hires

SAN FRANCISCO--RS Investments, a San Francisco-based investment management firm, today announced the addition of 11 experienced investment professionals, who will significantly expand the company’s capacity to provide emerging markets investment solutions to clients. RS expects the new team will assume management of the RS Emerging Markets Fund and the RS Greater China Fund in early 2013 (subject to approval by the Funds’ board), transitioning from RS Investment’s current sub-advisor, Baillie Gifford Overseas Ltd, which will continue to manage some of the firm’s other offerings.

“This new group of professionals brings an investment philosophy, experience and client focus that complements our dedicated investment management approach and our strong emphasis on client service. I am delighted to welcome them to our organization.”

“We are intensely focused today on expanding our capabilities to fit our clients’ evolving investment needs,” said Matthew Scanlan, CEO of RS Investments. “This new group of professionals brings an investment philosophy, experience and client focus that complements our dedicated investment management approach and our strong emphasis on client service. I am delighted to welcome them to our organization.”

Mr. Scanlan added, “Baillie Gifford is a respected partner to RS Investments, and we thank them for the impressive performance they have generated for RS’ Emerging Market clients. Baillie Gifford will continue to manage two of our developed international funds, RS Global Growth Fund and RS International Growth Fund. We look forward to continuing this successful relationship.”

Michael Reynal and Michael Ade have joined to lead the new group, in addition to several investment professionals, including Antonio Alvarez, Rex Chen, Zoe Chow, Tony Chu, Daniel Do Vale, Maria Freund, Roy Law, and Peter Luo; Tammy Belshaw will join the team in December 2012. The experienced team will be located in Des Moines and many key global markets, including London, Hong Kong and Singapore.

“We’re thrilled that this new group adds significantly to our global investment capabilities,” said Scott Clifford, Chief Investment Officer of RS Investments. “We believe in finding, retaining and nurturing high-caliber investment professionals and we’re confident these individuals will fit seamlessly in our organization.”

Michael Reynal joins RS Investments as Portfolio Manager with a focus on emerging market equities. Previously, he was a portfolio manager for Principal Global Investors, where he led the emerging markets team. In this role, he oversaw both diversified emerging markets portfolios and specialized regional Asian equity strategies. He was also active in company research, with an emphasis on consumers and financials. Prior to this role, Mr. Reynal spent his career focusing on international equity investments at Wafra Investment Advisory Group, Inc., Paribas Capital Markets, and Barclays de Zoete Wedd in London. He received an MBA from the Amos Tuck School of Business at Dartmouth College, an MA in history from Christ’s College at the University of Cambridge, and a BA in history from Middlebury College.

Michael Ade joins RS investments as Portfolio Manager with a focus on emerging markets and Asian equity strategies. Prior to this role, he served as a co-manager for diversified emerging markets and Asian equity strategies at Principal Global Investors, with responsibilities for the Asian consumer sector. Mr. Ade is based in Singapore. A CFA Charterholder, he received a bachelor’s degree in finance from the University of Wisconsin.

About RS Investments

RS Investments offers investment management solutions for institutional and individual investors and the advisors who serve them. The firm's specialized investment platform supports distinct investment teams, each utilizing disciplined and repeatable investment processes to deliver research-driven value, growth, core growth, international, natural resources, and fixed income strategies. As of September 2012, RS Investments managed approximately $24 billion on behalf of its clients. The firm was founded in 1986 and is headquartered in San Francisco.