M. Gerard Sandel, Senior Vice President and Portfolio Manager at
Heartland Advisors, joined the firm as Senior Vice President in August
1999, bringing with him a career-long commitment to value investing. He
is the lead Portfolio Manager for the Heartland Select Value Fund and is
also responsible for researching small, medium and larger capitalization
companies that meet Heartland’s investment criteria. Prior to joining
Heartland Advisors, Mr. Sandel managed the Stein Roe Special Fund from
July 1997 through May 1999 and the Marshall Mid-Cap Value Fund from
October 1993 through July 1997. He also was the Director of Equity
Research for Acorn Asset Management, a Vice President with Abraham Sons
Asset Management and a Research Analyst with Bear Stearns Asia in Hong
Kong. He received an MIM degree in International Business-Finance from
the American Graduate School of International Management and a BS in
Biology from the University of Southern Mississippi.
M.gerard Sandel - Heartland Advisors
December 15, 2003