Roosevelt Hires M&A Executive To Pursue Acquisitions and Strategic Alliances

NEW YORK, March 29 /PRNewswire/ --The Roosevelt Investment Group, Inc. ("Roosevelt") has hired David A. Chalfin as Managing Director of Strategic Planning and Corporate Development. A twenty year veteran of the financial services industry, Mr. Chalfin will focus on growing the firm through acquisitions and strategic partnerships. Roosevelt plans to leverage its considerable distribution infrastructure by adding complementary products, investment capabilities, and distribution channels.

Established in 1990, Roosevelt experienced substantial growth over the past several years in net inflows primarily in its All-Cap Core Equity strategy. During this time, the firm invested heavily in its back office, portfolio, and sales capabilities to maintain its commitment to deliver unparalleled client service. "David is a great addition to our firm and we look forward to his immediate impact identifying companies to partner with that will complement our investment strategy and benefit from our increased portfolio and operational capacity," said Adam Sheer, President of Roosevelt.  

During his career, Mr. Chalfin has sourced, structured, and executed transactions with retail mutual funds, institutional and wealth managers, hedge funds, funds of funds, and managed account firms. Previously at New York Life, Mr. Chalfin led the acquisitions of Institutional Capital Corporation and McMorgan & Co. He also managed the sale of New York Life's health care subsidiary, NYL Care, and the sale of its controlling stake in Express Scripts, a leading pharmacy benefit manager. At Asset Management Finance, he structured and executed the firm's investment in Forest Investment Associates.

"I am very excited to join Roosevelt at such an opportune time. The firm is poised to continue its growth through an acquisition strategy that will leverage the considerable investments already made in its platform," said Mr. Chalfin.

Mr. Chalfin began his career as a corporate attorney at Debevoise & Plimpton. He received a B.A. and an M.A. from Brown University and a J.D. from Stanford University.

About Roosevelt

Headquartered in New York City, Roosevelt manages assets for institutions, foundations, endowments, and high net worth individuals. With over $5 billion in assets under management, Roosevelt manages several equity and fixed income strategies including its All-Cap Core Equity Strategy, Global Enhanced Fixed Income Strategy, as well as the Roosevelt Multi-Cap Fund (BULLX - * * * * * Overall Morning Star Rating ™ in the Mid-Cap Growth Category that includes 725 funds, as of 02/28/2010).

All investments carry a degree of risk, including loss of principal, and there is no assurance that any asset class will provide positive performance over any period of time. Past performance is no guarantee of future results.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The Roosevelt Multi-Cap Fund was rated against the following numbers of U.S.-domiciled Mid-Cap Growth funds over the following time periods: 725 funds in the last three years and 623 funds in the last five years. With respect to these Mid-Cap Growth funds, Roosevelt Multi-Cap received a Morningstar Rating of 5 stars, and 5 stars for the three, and five-year periods, respectively.

The Roosevelt Multi-Cap Fund's prospectus contains important information about the Fund's investment objectives, potential risks, management fees, charges and expenses, and other information and should be read and considered carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 877-322-0576. Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)

SOURCE Roosevelt Investment Group, Inc.