Stephen E. Doud

STEPHEN E. DOUD is Senior Portfolio Manager of WestAM’s International
Equity Group. He was a founding partner of Gulfstream Global Investors,
Ltd., which was recently acquired by WestAM. Mr. Doud is a former Vice
President and Portfolio Manager of Western Reserve Capital Management,
Inc., the pension asset management subsidiary of The LTV Corporation.
Prior to joining WRCM in April 1987, he spent nine years as a Vice
President and Portfolio Manager of Charter Fund, a Dallas based equity
mutual fund. Mr. Doud began his investment career in 1973. Following
graduation from the University of Iowa in 1971 with major degrees in
both Finance and Accounting, he earned an MBA degree from Southern
Methodist University in 1975. He is a Chartered Financial Analyst, a
member of the Association for Investment Management and Research and the
Dallas Association of Investment Analysts.