Pioneer Institutional Asset Management, Inc.

Andrew Acheson

Senior Vice President and Portfolio Manager, Pioneer Investment Management USA, Inc.

Investment Experience: 1994 to Present
Andrew Acheson is Senior Vice President, Portfolio Manager and leader of the Growth Team in the U.S. Andrew has been Portfolio Manager of Pioneer Independence Fund since November 2001, Portfolio Manager of Pioneer Fundamental Growth Fund since 2007, and is also Portfolio Manager of Pioneer Azionario America, distributed in Italy, which he has managed since 1999. From 1994 to 1999, he worked as U.S. Portfolio Manager at Setanta Asset Management in Dublin, and previously was an assistant U.S. Portfolio Manager at Norwich Union Investment Management in England. In 1999 he joined Europlus, prior to its merger with Pioneer Investments, where he was a Portfolio Manager of various Luxembourg-domiciled U.S. equity funds out of its Dublin office. Andrew relocated to Pioneer’s Boston office in 2001 to become manager of Pioneer Independence Fund. Earlier in his career, he was a Captain in The Queen’s Royal Irish Hussars, a British cavalry regiment. He served in the U.K., Germany and the Middle East, including Gulf War I. Andrew earned his Master’s in Business Administration at the Cranfield School of Management, England.

Paul Cloonan, CFA

Senior Vice President, Portfolio Manager, and Co-Head of U.S. Equity Research, Pioneer Investment Management USA, Inc.

Investment Experience: 1997 to Present
Paul Cloonan is Senior Vice President, Co-Portfolio Manager on the Pioneer U.S. Concentrated Growth, Pioneer U.S. Research and Lead Portfolio Manager of Pioneer U.S. Disciplined Growth strategies. He is also Co-Head of U.S. Equity Research, and Research Analyst covering U.S. semiconductor companies. Paul joined Pioneer in 1997 as an analyst for our Emerging Markets team. He focused on developing markets in Asia such as China, Taiwan, South Korea, India, Thailand and Malaysia and was co-portfolio manager of Pioneer’s Asia ex-Japan portfolios. In 2004, he joined Pioneer’s U.S. Technology research team assuming responsibility for coverage of the Semiconductor group. In 2005, he also assumed coverage of the U.S. media group. In 2006, he was named sector coordinator for Global Technology, Media and Telecommunications equity research. In 2010, he was named Head of U.S. Equity Research. In 2012, Paul was named co-portfolio manager for the U.S. Concentrated Growth strategy. Before joining Pioneer, Paul served as a manager in the Financial Advisory Services Group of Ernst & Young, LLP, where he provided company and industry research and performed valuation analyses for clients engaged in acquisitions, corporate restructuring and other activities. Paul holds a BA degree from the College of the Holy Cross (1989), a MBA from Babson College (1994) and is a CFA charterholder.