History

• Our valuation and earnings models began to be developed.
• The Enhanced Large Cap strategy was launched.

• The Large Cap Core strategy was launched.

• GCM was founded.

• GCM became the third manager in the California Public Employees Retirement System (CalPERS) Manager Development Program. In exchange for investing a portion of its assets with the firm, CalPERS took an ownership interest in GCM.

• The Small Cap Core strategy was launched.

• The Golden Large Cap Core Fund and Golden Small Cap Core Fund were launched.
• A series of transactions led to a subsidiary of Wachovia Corporation taking a minority ownership interest in GCM, while the employee owners of GCM increased their ownership to a majority share.

• The Mid Cap Core strategy was launched.

• The SMID Cap Core strategy was launched.
• GCM was hired as the sub-advisor to predecessors of the Wells Fargo Advantage Large Cap Core Fund and Small/Mid Cap Core Fund, which we continue to sub-advise.

• The Extended Alpha strategy was launched.
• Wells Fargo & Company acquired Wachovia Corporation and its minority stake in GCM.

• We developed a proprietary methodology for categorizing stocks.

• GCM acquired the Global Strategic Products business from Wells Capital Management, a subsidiary of Wells Fargo. In exchange, GCM issued additional ownership interest to Wells Fargo, making it the majority owner of the firm. GCM employees retained a significant ownership stake.
• Through this transaction, GCM opens a new office in Boston, obtains additional investment professionals and begins offering international and other enhanced strategies.