Alex Umansky serves as portfolio manager of Baron Fifth Avenue Growth Fund, bringing over 32 years of research experience to the role since joining Baron Capital in 2011. Prior to Baron, Umansky worked at Morgan Stanley where he co-managed several growth-oriented funds including the Morgan Stanley Opportunity Fund from 2007-2011, Global Opportunity Fund for two years, Morgan Stanley Information Fund from 2005-2006, and served as lead manager of the Morgan Stanley Technology Fund from 2000-2003. His extensive background spans technology and growth investing, with particular expertise in identifying secular growth companies with sustainable competitive advantages. Umansky holds a Bachelor of Science in Finance, Information Systems, and Mathematics from New York University Stern School of Business, earned in 1993. His investment approach emphasizes fundamental research, long-term value creation, and conviction-based portfolio construction focusing on companies positioned to benefit from transformative technology trends. Under his management since November 2011, the fund has maintained a concentrated approach with typically 20-30 high-conviction positions in large-cap growth companies.

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The Baron Fifth Avenue Growth Fund seeks capital appreciation through investments primarily in securities of large-sized growth companies with market values greater than $5 billion. The fund employs a concentrated, long-term growth investment approach focusing on businesses the adviser believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and attractive valuation. Baron Capital emphasizes a long-term, fundamental, active approach to growth investing including proprietary five-year valuation models. The portfolio typically holds about 20 to 30 appropriately capitalized, competitively advantaged, well-run growth businesses at attractive prices. The investment process focuses on secular growth trends including cloud computing, artificial intelligence, e-commerce, semiconductors, and digital transformation technologies. Baron Capital seeks businesses that can double in value over the next 5-7 years with a threshold annualized return expectation of 15% over time.

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