<< Back For Immediate Release: For additional information contact: UIM Hires Credo Capital Management To Manage MARTA Pension Assets Baltimore , Maryland — May 6, 2005 — Credo Capital Management announced today United Investment Managers hired the company to manage pension assets for Metropolitan Atlanta Rapid Transit Authority (MARTA/ATU Local No. 732 Employees Retirement Plan). Credo will manage assets for MARTA in its U.S. Equity Mid Cap Growth strategy. “We look forward to utilizing ABACUS, our proprietary forward-looking investment tool, as a means of controlling risks and discovering opportunities for the benefit of the annuitants of MARTA,” said founder and portfolio manager, T.M. “Tedd” Alexander III. “Our goal is to consistently deliver outstanding performance to our clients over time – through all economic and market climates. We are proud of UIM’s selection of us as it gives us further recognition as a best-in-class mid cap growth U.S. equity manager.” Larry Gray of UIM added, “Credo Capital Management met all of the criteria necessary to complement the other managers that we have utilized in the successful management of this important part of the MARTA Retirement Plan investment program.” Credo Capital Management provides investment advisory services to institutional clients. Headquartered in Baltimore , Maryland , Credo is registered under the Maryland Securities Act as a limited liability company. United Investment Managers (UIM) is a Registered Investment Advisor, specializing in providing custom designed Manager of Managers programs. UIM has successfully served MARTA in that capacity since 2002. |