I fulfilled all the requirements to become a discretionary portfolio manager at Bear Stearns and every firm subsequent to the acquisition of Bear Stearns in 2008.  The requirements included:

1.) A clearly defined well thought out investment strategy that is strictly adhered to;

2.) A 5-year documented performance record that showed good results with that consistent investment strategy;

3.) Verifiable sources of credible research with which to source new investment ideas;

4.) A logical method of assessing and managing risk that could be clearly articulated;

5.) A defined universe of stocks and other securities that would serve as the pool from which investments are selected;

6.) Quarterly performance reviews that showed these requirements are being maintained.