Andrew A. Dav

Andrew A. Davis joined Davis Advisors in 1993. He has more than 21 years experience in investment management. He is a Portfolio Manager for the Davis Appreciation and Income Fund and the Davis Real Estate Fund. He was previously employed at PaineWebber, Inc., managing its convertible security research and closed-end bond fund research departments. Mr. Davis received his B.A. from Colby College.Chandler Spears joined Davis Advisors in 2000. He is a Portfolio Manager for the Davis Real Estate Fund. He brings to the Fund his perspective and experience from previously working in the real estate industry. Mr. Spears received his BBA from James Madison University and his M.S. from the University of Virginia.