RBC Global Asset Management (U.S.) Inc. ("RBC GAM") is the sub advisor of and responsible for the day to day portfolio management of the Hennessy Select Large Value Fund. RBC GAM operates as a wholly owned subsidiary of the Royal Bank of Canada (RBC). The RBC GAM team is made up of seasoned portfolio management professionals, with each providing expertise in a focused number of industry sectors:


Stuart A. Lippe, Lead Manager, has been a senior portfolio manager at RBC GAM since 2007 and was Senior Large Cap Value Portfolio Manager at Freedom Capital Management from 2000 to 2007. Prior to his experience at RBC GAM and Freedom Capital, Sam was a portfolio manager and analyst for the Endowment Fund at Howard Hughes Medical Institute. He also worked as an analyst for value-oriented portfolios at Legg Mason Capital Management and Sanford C. Bernstein & Company. Sam began his career in the investment industry in 1978. He received a BS from Cornell University and an MBA from New York University, Stern School of Business. Sam is a member of the Association of Insurance and Financial Analysts. He currently has responsibilities for Health Care, Materials, Energy and Consumer Staples sectors.

Barbara S. Browning, CFA, has been a senior portfolio manager at RBC GAM since 2007 and was Portfolio Manager and Research Analyst on Freedom Capital Management’s Value team. Prior to joining Freedom Capital, Barbara was a portfolio manager at National City Bank in Columbus, Ohio and also held portfolio manager and analyst positions with Banc One Investment Advisors and the State Teachers’ Retirement System of Ohio. Barbara has been in the investment industry since 1991. She received a BA from Ohio State University. Barbara is a CFA charter holder and member of the CFA Institute. She currently has responsibilities for Consumer Discretionary, Information Technology, Telecommunication Services and Utilities sectors.

Adam D. Scheiner, CFA, has been a senior portfolio manager at RBC GAM since 2007 and was Portfolio Manager and Research Analyst on Credit Suisse Asset Management’s large cap value team. Prior to joining Credit Suisse, Adam was a portfolio manager at Ark Asset Management and Invesco Capital Management. Adam has been in the investment industry since 1989. He received a BA from Rutgers College and an MBA from New York University Stern School of Business. Adam is a CFA charter holder. He currently has responsibilities for Industrials and Financials sectors.