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      <image:caption>Gulfstream is a research driven investment manger with an expertise in municipal bonds.  We believe a singular focus on a specific asset class leads to a knowledge advantage and ultimately consistent outperformance.     The firms competitive advantage rests on its people and disciplined investment process.  The senior investment team of Steve Barral, Ryan Posner and Andrew Sanford have over 100 years of combined investment experience. Our record of consistent outperformance and transparent communication has earned us a long list of distinguished investment partners.  We are grateful for the confidence they place in us and place our clients’ interest ahead of our own. The firm was formed in 2005 with the launch of the Gulfstream Opportunity Fund.  In 2014 the firm added the Gulfstream Value Fund and Separately Managed Accounts.</image:caption>
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