Fixed Income





Debra A. Sit, CFA
Senior Vice President and Senior Portfolio Manager

Debbie Sit joined Sit Investment Associates in 1981. Since 1991, she has served as co-manager of the firm's tax-exempt bond portfolios. Debbie's prior work experience includes more than three years with Sit Investment Associates in the computer applications and administrative areas. She returned to the firm in September 1987 as a research analyst and Bond Specialist - Assistant Fixed Income Manager focusing primarily on taxable bonds. She is also responsible for overseeing the firm's municipal bond research process and has spoken at several industry conferences. Debbie received her B.A. in Biology from the University of Minnesota in 1982. In the summer of 1987, she completed her M.B.A. at the University of Chicago Graduate School of Business where she earned a finance specialization with concentrations in accounting and policy. She currently serves on the boards of the University of Minnesota Foundation, Ordway Performing Arts Center and VocalEssence.


Debra Sit also is a portfolio manager of the following Funds:

 

Bryce A. Doty, CFA
Senior Vice President and Senior Portfolio Manager

Bryce Doty joined Sit Investment Associates in November 1995. He is responsible for taxable bond portfolio management serving as portfolio manager for short duration accounts. Bryce's seven years of experience with Minnesota Mutual include two years of management consulting, two years as Due Diligence Officer for broker/dealer operations and three years as the head of their Public Bond Trading desk. His responsibilities also included analyzing and monitoring all total return corporate credits. In 1988, Bryce received a B.A. in Business Management with minors in physics and psychology from Hamline University. He completed his M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management in 1992.

Bryce Doty is a portfolio manager of the following Funds:

 

Mark H. Book, CFA, CMA
Vice President and Portfolio Manager

Mark joined Sit Investment Associates in August 2000 as a Portfolio Manager and Fixed Income Analyst. He is responsible for taxable bond portfolio management and credit research. Prior to joining SIA, Mark spent three years with U.S. Bancorp Piper Jaffray where he was Vice President and Senior Corporate Bond Strategist. Prior to U.S. Bancorp Piper Jaffray, he worked as a fixed income portfolio manager at Northwest Investment Management for one year and Insight Investment Management for six years. He also traded fixed income securities at Reliastar Financial Corporation (now ING) for five years. Mark received a B.A. in Accounting from the University of Minnesota in 1987. In 1992 he completed his M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management.

Mark Book is a portfolio manager of the following Fund:




Paul J. Jungquist, CPA, CFA
Vice President, Fixed Income Credit Analyst and Senior Fixed Income Portfolio Manager

Paul joined Sit Investment Associates in January 1994. He is responsible for analyzing municipal and corporate credits and serves as portfolio manager for certain taxable and tax-exempt accounts. Prior to that he worked as an auditor for Grant Thornton. He has also served as an assistant controller for a publicly held engineering services company. In 1984, Paul received a B.B.A. of Accountancy from the University of Notre Dame. He graduated from the University of Minnesota Carlson School of Management in 1993, where he obtained an M.B.A. in finance.

Paul Jungquist is a portfolio manager of the following Funds:

 

Christopher M. Rasmussen, CFA
Research Analyst

Chris joined Sit Investment Associates in February 1999, joining Sit Fixed Income in September 2002. His responsibilities include securities analysis and portfolio management, with an emphasis on taxable bond portfolios. Chris received a B.S.B. in Finance with a minor in economics from the University of Minnesota Carlson School of Management in 2001. In 2004, he received an M.B.A with dual concentrations in finance and strategic management, also from the University of Minnesota Carlson School of Management.




Todd S. Emerson, CFA
Research Analyst

Todd joined Sit Investment Associates in July 2006. His responsibilities include credit research and analysis on individual fixed income securities. Previously he spent over six years in various strategic finance roles at Thomson West and US Bank, as well as almost four years in public finance and treasury at RBC Dain Rauscher. In 1991, Todd received a B.B.A. in Economics from the University of Wisconsin-Eau Claire. He completed his M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management in 1994.




Matthew T. Hilliard, CFA
Research Analyst

Matt joined Sit Investment Associates in October 2007. His responsibilities include credit research and analysis on individual fixed income securities. Prior to joining SIA, he spent two and a half years as a valuation analyst with Stonehill Group, and one year as a corporate trust analyst for US Bank. Matt received B.A. degrees in Finance and Economics from the University of Wisconsin - La Crosse in 2002 and is currently pursuing an M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management with commencement expected in May 2008.




Eric T. Nelmark
Research Analyst

Eric joined Sit Investment Associates in August 2004. His responsibilities include credit research and analysis on individual fixed income securities. Prior to joining SIA he spent almost six years at Investment Advisers, Inc. (now Paladin Investment Associates). Eric spent time in several areas including mutual fund accounting, finance, and equity trading. In 1998, he received his B.A. in Business Administration from Bethel University with concentrations in accounting and finance and an M.B.A. from the University of St. Thomas in 2005.




Jessica A. Mahlberg
Research Associate

Jessica joined Sit Investment Associates in September 2007. Her responsibilities include research, analysis and trading of mortgage securities. Prior to joining the fixed income team Jessica worked in corporate trust at Wells Fargo Bank for five years, specializing in municipal debt and student loan securities. She received her B.A. (Magna Cum Laude) in Finance and Computer Science from the University of St. Thomas in 2000 and received an M.B.A. from the University of Minnesota Carlson School of Management in 2006.



Kevin P. O'Brien, CFA
Municipal Bond Trader

Kevin returned to Sit Investment Associates in August 2008. He currently is responsible for trading municipal bonds. He originally joined the firm in October 1997 and spent three years in client administration before joining the equity research team where he was responsible for trading domestic and international equities in addition to performing quantitative research. He left the firm in June 2005 to work full-time for the Army National Guard and prepare for a deployment to Iraq as an Air Assault Company Commander and UH-60 Blackhawk helicopter pilot from which he returned in the summer of 2008. Kevin received a B.A. in Economics and Business Administration with a concentration in Financial Management from the University of St. Thomas in 1997.




Michael J. Reich, CFA
Research Assistant

Michael joined Sit Investment Associates in March 2004. His primary responsibilities are to provide assistance in the analysis and trading of fixed income securities. Michael worked for Sit Mutual Funds before joining Sit Fixed Income in December 2006. He received a B.A. in Business Administration-Finance with a minor in economics from the University of St. Thomas in 2005, and is currently pursuing an M.B.A. at the University of Minnesota Carlson School of Management.




Marci A. Lorge
Senior Client Administrator and Money Market Trader

Marci joined Sit Investment Associates in April 1988 after serving as Operations Manager at IRI Securities. She is currently responsible for both taxable and tax-exempt money market trading and serves as portfolio assistant for the fixed income traders. Prior to that she worked for Miller & Schroeder Financial in operations. She received a B.S. in Business Administration and French with a minor in economics from the University of Wisconsin, Steven's Point in 1978.




Brian R. Gilbert
Computer Decision Support Associate

Brian joined Sit Investment Associates in August 1994. Brian is currently responsible for developing and running the quantitative analytical tools for fixed income portfolio management. Before joining the fixed income team, Brian worked in operations for Sit Investment as a client administrator. Prior to joining SIA, he spent more than two years with Norwest Mortgage, Inc. in the mortgage pooling division. Brian received a B.S. in Management and a B.S. in Computer Information Systems from Northwestern College in 1990.


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