Pioneer Investments Appoints Head of Equity Research, U.S.

BOSTON--()--Pioneer Investments today announced that Craig D. Sterling has joined the firm as Senior Vice President, Head of Equity Research, U.S. In this role, he is responsible for managing Pioneer’s team of 14 U.S. equity research analysts based in Boston. The team supports a wide range of equity strategies with approximately $29 billion in equity assets managed in the U.S. as of March 31, 2015. Craig’s appointment is effective May 4, 2015.

Craig was previously Managing Director and Global Head of Equity Research at EVA Dimensions, a New York independent equity research firm. He has extensive experience developing Economic Value Added (EVA)-based equity research and implementing structure into the fundamental investment decision process. EVA, an alternative to standard accounting-based metrics such as earnings per share, net income, and EBITDA (earnings before interest, taxes, depreciation, and amortization), is a method for measuring a company’s true profit by converting accounting profit to economic profit, reversing accounting distortions, and measuring the dollar value of profit after all costs, including the cost of giving shareholders a fair return on invested capital. A focus on invested capital and value creation, key components of EVA, have been part of Pioneer’s equity research process for many years.

“Craig’s arrival represents a significant opportunity to continue to strengthen our research platform and processes,” said Marco Pirondini, Head of Equities, U.S. “Craig’s approach to equity valuation is very much aligned with Pioneer’s established practices, and he brings experience and perspective that can add tremendous value to our research team,” Pirondini added.

On May 29, Sterling will become a Portfolio Manager on the firm’s research-based equity strategies, including Pioneer Core Equity Fund, Pioneer Disciplined Growth Fund, and Pioneer Disciplined Value Fund. Paul Cloonan and John Peckham, previously Co-Heads of U.S. Equity Research, will focus on portfolio management going forward. Paul will focus exclusively on U.S. large-cap growth equity portfolio management. John will focus on U.S. value equity portfolio management.

Prior to EVA Dimensions, Craig held senior positions in the Credit Suisse Group’s investment banking division, including the HOLT research and content franchise. Before joining Credit Suisse, he worked in UBS Investment Bank’s global industrials group. He has a BSBA from Washington University in St. Louis and an MBA from the University of Chicago.

For more complete information on the U.S. mutual funds, including investment objectives, risks, charges and expenses, investors should contact their investment advisor or visit us.pioneerinvestments.com for a copy of the prospectus or summary prospectus. Read it carefully before investing.

About Pioneer Investments
Pioneer Investments is the trade name for Pioneer Global Asset Management S.p.A. and its subsidiaries. Pioneer Investments is a global investment firm with offices in 28 countries, 2,000 employees and approximately $242 billion in assets under management as of March 31, 2015, of which approximately $71 billion was managed in the U.S. Pioneer Investment Management, Inc. is the investment advisory subsidiary of Pioneer Investment Management USA Inc. Pioneer Investment Management USA Inc. is the North American operating subsidiary of Pioneer Global Asset Management S.p.A., a wholly-owned subsidiary of UniCredit S.p.A.

Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA, 02109. Underwriter of Pioneer mutual funds, Member SIPC

Not FDIC Insured
May lose value
No bank guarantee

Member of the UniCredit Group, Register of Banking Groups

Contacts

Pioneer Investments
Geoff Smith, 617-422-4758
geoff.smith@pioneerinvestments.com

Contacts

Pioneer Investments
Geoff Smith, 617-422-4758
geoff.smith@pioneerinvestments.com