Biographies

Michael A. Steinberg – Managing Partner, Portfolio Manager/Analyst
Mr. Steinberg’s career in investment management spans over 42 years. He founded Steinberg Asset Management (SAM) as a value research boutique in 1982, which evolved into an asset management firm specializing in small, mid and all-cap value portfolios. Prior to 1982, Mr. Steinberg spent five years as a partner at Sloate Weisman Murray & Steinberg, a money management and brokerage firm. That association followed almost 10 years as a securities analyst, portfolio strategist, and money manager with Loeb Rhoades, which he joined after receiving a BS from Syracuse University and an MBA from the University of California at Berkeley. His research and portfolio views have appeared in a variety of industry publications.

Jason A. Kesselman – Managing Director, Analyst
Mr. Kesselman has over 13 years of investment experence. Prior to joining SAM, he was a Managing Director at Karsch Capital Management, a multi-billion dollar long/short hedge fund where he managed a fundamental value based portfolio. Before Karsch, he was a Partner at Stonebrook Fund Management, a billion dollar long/short hedge fund focused on using a bottom-up fundamental approach to find value. At both Karsch and Stonebrook, he was a generalist covering a wide range of sectors. Prior to joining Stonebrook, Mr. Kesselman worked in the mergers and acquisitions group of Lehman Brothers Inc. He holds a BA in history from the University of Michigan and a JD from Columbia Law School as well as an MBA from Columbia University Graduate School of Business.

Megan W. Kulick, CFA – Managing Director, Analyst
Ms. Kulick has over 17 years of investment experience. Prior to joining SAM, she served for two years as an Analyst/Portfolio Manager in Merrill Lynch & Co.'s Strategic Investment Group, its proprietary trading division. She also spent eight years (1993-2001) as a Senior Equity Research Analyst at Merrill Lynch & Co., as a member of the firm's top-rated Telecommunications Services team. Between her jobs at Merrill, Ms. Kulick held senior positions at JP Morgan in Proprietary Trading and Intrepid Capital Management, a technology focused hedge fund. She holds a BBA in Finance from the University of Michigan's Ross School of Business and an MBA from Columbia University. She is also a Chartered Financial Analyst.

Lisa G. Shaplen– Managing Director, Analyst/Client Portfolio Manager
Ms. Shaplen has 11 years of investment experience. Her prior experience includes equity research analyst positions, covering the healthcare and consumer sectors, at Goldman Sachs Asset Management and Schroders. Before entering the investment business, Ms. Shaplen worked at the Council on Foreign Relations, a foreign policy think tank. She holds a BA in International Relations from the University of Pennsylvania and an MBA/MIA (Masters of International Affairs) from Columbia University where she focused on finance and the Middle East.

Justin S. Steinberg – Managing Director, Analyst/Chief Operating Officer
Mr. Steinberg has four years of investment experience. Prior to joining SAM, he worked in the Investment Banking Division at Morgan Stanley covering a variety of industries and clients, with a focus on financial sponsors. Before joining Morgan Stanley, Mr. Steinberg served as a Senior Policy Advisor for Economic Development and Rebuilding under New York City Mayor Bloomberg. He holds a BA in Political Science from Brown University and an MBA from Harvard Business School.

Grant A. Toch – Managing Director, Analyst
Mr. Toch has eight years of investment experience. Prior to joining SAM, he served as a Senior Analyst at a financial services sector hedge fund at Decade Capital, part of Millennium Partners. Before joining Decade Capital, Grant was a financial services analyst at The Endicott Group, a fund that managed both a hedge fund and private equity fund focused on financial services and operated an advisory business focused on financial services. He holds a BA from the University of Michigan, a JD from George Washington University and an MBA from Columbia University Graduate School of Business.

Sloane C. Krumland –Vice President, Trader/Analyst
Mr. Krumland has seven years of investment experience. Prior to joining SAM, he worked in the Private Placement group at ABN AMRO focusing on domestic and cross-border structured debt transactions. Mr. Krumland holds a BA in Economics from the University of Pennsylvania.

Richard T. Lee – Vice President, Analyst
Mr. Lee has 13 years of investment experience. Prior to SAM, he worked at Morgan Stanley in equity research and risk management. As an equity analyst, Mr. Lee covered infrastructure companies in the telecommunications services sector. He is also an expert in a variety of technologies resulting from his experience as a Bell Labs researcher at Lucent Technologies. Mr. Lee holds a BS and an MS in Electrical Engineering and a MBA in finance, all from Columbia University.

Brett C. Boshco - Associate, Analyst
Mr. Boshco has three years of investment experience. Prior to joining SAM, he worked as an Analyst in the Media & Communications Group in Morgan Stanley's Investment Banking Division. At Morgan Stanley, he worked on a number of transactions in the publishing, information and education spaces, as well as in the rural communications space. He graduated from the Massachusetts Institute of Technology, where he received a BS in Economics and a BS in Management Science.

Donald C. Schultheis – Managing Director, Marketing and Client Relationship Management
Mr. Schultheis is responsible for all activities related to marketing, client relationship management and consultant development at SAM. Prior to joining the firm, he was Managing Director at Credit Suisse Asset Management (CSAM) and served as a relationship manager and head of Consultant Development. Previously, he spent four years with Warburg Pincus Asset Management (WPAM) which was acquired by CSAM in 1999. At WPAM, Mr. Schultheis was a Partner and Managing Director responsible for institutional marketing and client service in the central U.S. He also served as a relationship manager for institutional clients at Strong Capital Management, where he began his career in 1987. Mr. Schultheis holds a BS in finance from Indiana University.

Steven L. Feld, CPA – Managing Director, Chief Financial Officer/Compliance
Mr. Feld is responsible for the financial accounting, compliance, trading and operations of the firm. Mr. Feld’s securities industry background, prior to joining the firm in 1990, include positions in both public accounting and corporate controllership. He is a Certified Public Accountant with a BA from Queens College and an MS in Accounting from C.W. Post University.