Artur Pylak

BP Investment Management Ltd. (BPIM) is the wholly owned pension fund management subsidiary of BP Pension Trustees Ltd., itself a subsidiary of BP Plc (LSE: BP, ADR: BP) in Great Britain. The firm was founded in 1936 and is headquartered in London. BPIM is the in-house asset manager for the UK BP Pension Fund. The firm is a signatory to the financial reporting council’s stewardship code.

Deutsche Bank AG provides financial and banking services. It also offers commercial and investment banking services. The company is headquartered in New York, NY.

Founded in 1969, HSBC Securities (U.S.A.) Inc. is an SEC-registered brokerage firm and registered futures commission merchant located in New York City. The firm is a wholly-owned subsidiary of HSBC North America Holdings, Inc. and their ultimate parent is HSBC Holdings Plc. (NYSE: HBC). HSBC Securities (U.S.A.) is a member of FINRA, the NYSE and the SIPC. Their securities and annuity products are provided by registered representatives and insurance agents of HSBC Securities (U.S.A.). In California, HSBC Securities (U.S.A.) conducts insurance business as HSBC Securities Insurance Services. Insurance products are offered through insurance agents of HSBC Insurance Agency (U.S.A.) Inc., a wholly-owned subsidiary of HSBC Bank U.S.A. NA and an indirectly wholly-owned subsidiary of HSBC Holdings plc. The company also engages in investment banking underwriting, dealing and brokering of debt and equity securities and futures contracts and is a primary dealer in U.S. Government and federal agency securities.

Founded in 2002, Empirical Research Partners LLC (ERP) is an independent investment research firm located in New York City. The firm provides services to institutional clients. ERP's research approach is based on empirical evidence. They seek to combine the macro and micro and the short- and long-run evidence into a comprehensive viewpoint. The firm employs inclusive, proprietary databases and sophisticated stock selection models that are based on judgments about human nature. ERP's ongoing research effort attempts to determine how best to translate those judgments into useful decision-making rules. The firm's portfolio strategy is based on microeconomics and seeks to exploit a variety of anomalies to identify stocks that should outperform the market. These anomalies may include misvaluation, overinvestment or retrenchment by management and excessive extrapolation of trends by investors. ERP employs a proprietary, customized database that contains large quantities of company-level data. The firm looks for situations in which the current state of affairs is untenable and the reward for patience is great. ERP's quantitative research seeks to help active portfolio managers make better decisions by exploiting recurring aspects of human nature. Their tools quantify these variables and combine them into screens or formal multifactor models that identify companies with desirable or undesirable traits. The models balance conflicting signals in a dynamic fashion, putting greater emphasis on the factor with the highest expected return at each point in time. The firm's research approach with respect to the developed markets outside of the U.S. is similar, but not identical, to the process they use in researching U.S. companies. ERP's international research considers the economic, legal, accounting, cultural and historical differences within each region and covers the broad range of issues affecting stocks and markets globally. Their stock-selection models combine measures of valuation, capital deployment, earnings quality and market reaction into a single expected return. They compare each stock to its peers within the global sector, within the geographic region and to all stocks across the entire market.

T3 Trading Group LLC operates as a securities brokerage dealer. The firm specializes in technical analysis to develop trading strategies. The company was founded by Sean Hendelman, Scott Redler, Marc Sperling, Nadav Sapeika and Evan Lazarus and is headquartered in New York, NY.

Duke University is an academic university that offers undergraduate, graduate and professional programs. It also has publications and research services. The university was founded in 1838 and is headquartered in Durham, NC.

Harvard University engages in the provision of teaching and research. It has twelve degree-granting Schools in addition to the Radcliffe Institute for Advanced Study, offering a global education. The university was founded in 1636 and is headquartered in Cambridge, MA.

N.M. Rothschild & Sons Ltd. provides banking and financial services. It offers investment and commercial banking, treasury, merchant banking, fund management, private banking and trust management services to governments, corporations and individuals. The company has operations in USA, Zimbabwe, South Africa, Switzerland, United Arab Emirates, Sweden, Turkey, Singapore, Russia and Spain. N.M. Rothschild & Sons was founded in 1809 and is headquartered in London, the United Kingdom.

Chemical Market Associates, Inc. was founded in 1979, CMAI's goal has been to add value to its clients' operations by providing accurate, timely market & business advisory services for the worldwide chemical, plastics, fibers and chlor-alkali industries. In order to meet the ever-changing needs of their clients, CMAI's services have developed and broadened to accommodate expanding industry requirements. At every level, CMAI focuses on understanding how their services can best support their clients by anticipating needs and developing innovative solutions. With offices in Houston, New York, London, Düsseldorf, Dubai, Bangkok, Singapore and Shanghai, CMAI is the leading global source of market & business advisory services for the chemical market

Sanford C. Bernstein & Co. LLC is a registered broker-dealer headquartered in New York City. The firm was founded in 1967 and is a subsidiary of Alliance Capital Management LLC, ultimately held by Equitable Holdings, Inc. (NYSE: EQH). Sanford C. Bernstein & Co. provides trading and executions services to their clients.

IMS Consulting, Inc. is based in Irvine, CA. Part of ManpowerGroup, Inc., IMS Consulting, Inc. is a certified ARCHIBUS Business Partner. IMS Consulting provides ARCHIBUS consulting, implementation, training, and development support to organizations seeking to utilize the ARCHIBUS IWMS platform. IMS Consulting was acquired by Venturi Partners, Inc. on June 30, 1998.

Part of MSA Safety, Inc., ISI Group, Inc. is a manufacturer of infrared thermal imaging cameras used in fire fighting and industrial maintenance. The company is based in Albuquerque, NM. ISI Group was acquired by Mine Safety Appliances Co. LLC on February 22, 2000.

Longbow Capital Partners LP (Longbow) is an independent hedge fund manager headquartered in New York City. The firm was founded by Thomas Fitzgerald III and Douglas Snyder in 2003. Longbow provides investment advice to high net worth individuals.

Mercer Management Consulting, Inc. provides management consulting services. The company offers business design innovation, brand strategy, operational excellence, transformation, and portfolio strategy services. The firm was founded in 1990 and is located in New York, NY.

Founded in 2001, Macquarie Capital (USA), Inc. is a registered broker/dealer located in New York City. The firm is a subsidiary of Macquarie Bank Ltd. (ASX: MBL). They provide coverage of the following industries: resources, healthcare, security/defense, transportation, financial services, retail/consumer products, TMET (telecommunications, media, entertainment and technology), oil & gas, diversified manufacturing/distribution and infrastructure/utilities. Macquarie Capital (USA), Inc. is a member of FINRA.

Macquarie Capital (Europe) Ltd. (MCEL) is the London-based subsidiary of Macquarie Group Ltd. (SY: MQG), a global provider of banking, financial, advisory, investment and fund management services. Operating as part of the Macquarie Capital Advisers division, MCEL provides investment advisory services in the UK and in continental Europe. In relation with Macquarie Securities Group, they provide access to Asia Pacific markets for European clients. In terms of research, MCEL supplies macro-economic, markets and stock level analysis to a diverse range of clients. Their capabilities cover equity, debt, ForEx, futures, metals and mining worldwide, economics and strategy. In 2009 Macquarie Group acquired the international brokerage firm Fox-Pitt Kelton Cochran Caronia Waller LLC. The London branch Fox-Pitt, Kelton Ltd. was absorbed into MCEL.

Kidder, Peabody & Co., Inc. provides security brokerage services. The private company is based in Buffalo, NY and has subsidiaries in Switzerland. The company was founded by Thomas W. Ostrander.

Part of Deutsche Bank AG, Bankers Trust & Co. is a company that provides trust services. The company is based in New York, NY.

Founded in 2010 by Jeffrey Sprague, Michael Heffernan and Nicole Parent, Vertical Research Partners LLC is an independent equity research firm located in Stamford, Connecticut. The firm provides proprietary research and analysis that focuses on the industrial sector.

Deutsche Bank AG provides corporate banking and investment services. It offers asset and wealth management, corporate banking and securities and global transaction banking solutions. The company was founded in 1873 and is headquartered in London, the United Kingdom.

Renaissance Macro Research LLC (dba RenMac) is an investment research firm headquartered in Lake Placid, New York. The firm was founded by Jeff deGraaf in 2011 and is a subsidiary of Renaissance Macro Holdings LLC. RenMac exclusively provides the institutional buy side community with specialized macro research. They provide unique, insightful and unbiased top-down analysis from thought leaders in the industry. Coverage includes Macro Strategy, Investment Strategy, Economics, Quantitative, Washington Policy, and Payments/Financials.

Part of ZS Associates, Inc., ZS Associates India Pvt Ltd. is an Indian company that provides IT, sales and marketing consulting services. The company is based in Pune, India and was founded in 2004.