PARTNERSHIP
On January 1, 2002, Philadelphia International Advisors,
LP (PIA), a partnership between The Glenmede Trust Company and its
former international equity management team, Philadelphia International
Partners (PIP), was launched. All professionals who have had an
impact on the track record of the Glenmede International portfolio are
now direct stakeholders in the partnership and have a keen economic
interest in the future of the product.
Our new structure gives 75% ownership to the
international team, with Glenmede retaining 25%.