Forward Management Hires New Managing Director

Forward Management, LLC announced that Norman E. Mains, Ph.D., has joined the company as Managing Director with a further role as chief risk officer. In this capacity he will spearhead a variety of the firm’s existing and emerging activities, including oversight of new and existing products.

As part of his position, Mr. Mains will be responsible for leading the firm’s risk committee. The risk committee assesses new investment products, as well as monitoring the portfolio holdings and attributes of each investment portfolio to ensure the alignment between the portfolio objective, overall strategy and holdings. Mr. Mains also will examine strategic opportunities to expand Forward’s roster of investment products and services, including potential acquisitions.

“The expertise and experience that Norman brings to our firm is critical as we expand our product line up, and continue to add to our alternative product offerings,” said J. Alan Reid, CEO of Forward Management. “Norman’s hands-on experience in the investment industry, combined with his extensive research background, made him a natural choice for the position,” he added.

Mr. Mains has held leadership roles in the areas of research, product development and administration. He was formerly Executive Director and Chief Investment Officer for Morgan Stanley's Graystone Research, a team focused on creating customized solutions using hedge funds and other alternative investments for high net worth individuals, family offices, institutions and foundations. He joined the firm after running a fund of hedge fund group at Carr Global Advisors. Previously, he was the executive director of product development for Dow Jones Indexes, a position he accepted after being the director of research and chief economist at the Chicago Mercantile Exchange. Mr. Mains was previously the president and chief administrative officer at Rodman & Renshaw. Prior to this, he was the director of research at BatemanEichler, Hill Richards after holding a similar position at a financial futures and options division of Drexel Burnham Lambert.

Mr. Mains began his professional career working for the mutual fund industry's trade association, the Investment Company Institute, and then held a senior economist position at the Federal Reserve Board in Washington, D.C. Mr. Mains has been widely quoted in leading financial publications, appeared regularly on television to discuss financial markets and has co-authored and contributed to several books on financial topics. He earned his Ph.D. in economics from the University of Warwick in the United Kingdom and holds M.A. and B.A. degrees from the University of Colorado.

About Forward Management, LLC

Forward Management, LLC, based in San Francisco, is the investment advisor to the Forward Funds and the Accessor Funds. The firm also markets a range of separately managed accounts. Forward Management offers institutional money managers, financial advisors and individual investors access to industry leading investment managers, investment products and services. The firm specializes in identifying sub-advisors who have long track records of managing assets in specific investment disciplines and asset classes. More information on Forward Management and the Forward Funds can be found at www.forwardmgmt.com.

You should consider the investment objectives, risks, charges and expenses of the Forward Funds carefully before investing. A prospectus with this and other information may be obtained by calling (800)999-6809 or by downloading one from www.forwardfunds.com. It should be read carefully before investing.

Mutual fund investing involves risk; principal loss is possible.

Forward Funds are distributed by ALPS Distributors, Inc.

J. Alan Reid, Jr. and Norman Mains are registered representatives of ALPS Distributors, Inc.

Contacts:

Kanter & Company, LLC
Victoria Odinotska, 703-534-3735

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