Industry Veteran Ron Fielding Joins Saturna Investment Trust Board
Ron Fielding MA, MBA, CFA
Bellingham, WA (January 1, 2010) — Saturna Investment Trust, which includes Sextant family of funds, is pleased to announce that mutual fund industry veteran Ronald H. Fielding has joined its Board of Trustees.
As former OppenheimerFunds, Inc. Senior Vice President and Portfolio Manager, Fielding ran Oppenheimer's Rochester Division where he managed more than $20 billion in state and municipal fixed income funds until his retirement in May 2009. His financial industry career spans three decades, beginning in 1983 as founder and president of Fielding Management Company, Inc. and co-founder of Rochester Capital Advisors. Both firms were investment advisers to the Rochester Funds. OppenheimerFunds acquired the Rochester Funds in 1996.
"Ron's distinctive experience in the mutual fund industry will make him an invaluable independent member of our board," said Nick Kaiser, President of Saturna Investment Trust and portfolio manager of the Sextant Growth and Sextant International Funds. "We are particularly looking forward to maximizing his insights into fund management as the Sextant Funds continue to gain growth momentum," he added.
Mr. Fielding earned his bachelor's degree from St. John's College in Annapolis, MD, and a master's degree in economics and an MBA in finance from the University of Rochester in Rochester, NY. He is a Chartered Financial Analyst charterholder and a member of the CFA Institute. Mr. Fielding serves as Vice Chairman of ICI Mutual Insurance in Burlington, VT, the predominant provider of specialized insurance coverage and risk management services to the U.S. mutual fund industry. He also serves on the boards of St. John's College in Annapolis, MD, and the George Eastman House in Rochester, NY.
Saturna Investment Trust, headquartered in Bellingham, WA, consists of six funds: Sextant Growth (domestic equities), Sextant International (foreign stocks), Sextant Core (bonds and equities), Sextant Bond Income (long-term bonds), Sextant Short-Term Bond, and the Idaho Tax-Exempt Fund, with over $150 million in assets.
Other members of Saturna Investment Trust's board include: Gary A. Goldfogel, MD, Herbert Grubel, PhD, Nicholas Kaiser, MBA, CFA (President) and John E. Love (Independent Chairman).
About Saturna Capital
Saturna Capital Corporation, established in 1989 in Bellingham, WA, is the investment adviser and administrator to over $2.5 billion in assets in the Amana Mutual Funds Trust (which includes Amana Growth Fund, Amana Income Fund, and Amana Developing World Fund) and the Saturna Investment Trust. Saturna Investment Trust consists of six funds: Sextant Growth (domestic equities), Sextant International, (foreign stocks), Sextant Core (bonds and equities), Sextant Bond Income (long-term bonds), Sextant Short-Term Bond, and the Idaho Tax-Exempt Fund.
Saturna Capital also manages private accounts for families, businesses and endowments. Saturna Brokerage Services provides general discount brokerage services and underwrites the Saturna mutual funds. Saturna Trust Company, headquartered in Reno, NV, provides trust services to families, charities, trusts, estates and retirement plans, specializing in the administration of Islamic trust services.