Value Statement | Experience | Management Team | Investment Committee | Careers

Management Team
George E. Seay III, CFA, is a co-founder and the CEO of Annandale Capital. He has over 15 years of investment experience and is a member of the Annandale Investment Advisory Committee. Mr. Seay focuses on the strategic asset allocation process, manager selection process and Annandale’s strategy.
• B.A., University of Texas at Austin, Summa Cum Laude
• J.D., Southern Methodist University School of Law, Cum Laude
• M.B.A., University of Texas at Austin, Dean’s Award for Academic Excellence

Tom Shirley is President of Annandale Capital and has over 20 years of experience in the financial services industry. Prior to joining Annandale, Mr. Shirley served as the Senior Vice President & North Texas Commercial Market Executive for Bank of America in Dallas, Texas. During that time, Mr. Shirley managed 15 teams that covered companies with revenues of up to $2 billion and was responsible for $135 million in revenue. Mr. Shirley has also served as President of Bank of America–Oklahoma, President of Bank of America–Corpus Christi, and Central Region Market Executive, Government Banking.
• B.A., Business Administration-Finance, University of Texas
• The National Commercial Lending Graduate School, University of Oklahoma
• Six-Sigma Green Belt Accreditation and NASD Registered Principal

Liu Yang, Ph.D., is a Principal for Global Investment Management & Quantitative Analysis at Annandale Capital.  An accomplished economist focused on applied microeconomics and corporate finance, and most recently with the quantitative consulting firm Leaf Group, LLC in Chicago, she brings extensive quantitative, risk analysis and programming skills to Annandale. Dr. Yang focuses on asset allocation, risk analytics and investment performance reporting.
• B.A., Economics, Huazhong University of Science & Technology, China , Summa Cum Laude
• M.A., International Studies, University of Miami
• Ph.D., Economics, University of Chicago

Lee Blaylock is a co-founder and the CCO of Annandale Capital. He has 19 years of technology and entrepreneurial business experience as a former executive with Dell, Oracle and Dallas Semiconductor. Mr. Blaylock is responsible for all operations, reporting, operational systems, technology and Annandale’s overall corporate strategy.
• B.A., University of Texas at Austin
• D Magazine Top 20 Technology Entrepreneur
• Founder and current board member of two technology service companies

Johnny M. Hea, CFA leads Global Investment Management and Manager Research. He brings over 10 years of investment experience as both a research analyst and portfolio manager. Prior to joining Annandale, Mr. Hea provided investment and security selection recommendations on over $525 million in equity assets at a large money management firm. Mr. Hea focuses on asset allocation, manager selection and continual manager due diligence.
• Investment Committee Member
• B.A., University of Arkansas
• M.B.A., University of North Texas

Dhruv Maniktala, CFA leads Global Investment Management and Manager Research. He has extensive experience as a Wall Street analyst and investment manager. Prior to joining Annandale, Mr. Maniktala served as Vice President at Wachovia Securities responsible for a $1 billion equity portfolio. Previously, he was a part of the manager research team at Russell Investment Group that managed over $100 billion in assets. He also possesses significant Private Equity experience. Mr. Maniktala focuses on asset allocation, manager selection and continual manager due diligence.
• Investment Committee Member
• B.S., Indian Institute of Technology (IIT)
• MBA, University of Georgia, summa cum laude

Joseph W. Sarno, CPA, is The Controller at Annandale Capital. Prior to joining Annandale, Mr. Sarno worked for Rothstein Kass & Company, a top 25 national public accounting firm specializing in the audit of hedge funds. Mr. Sarno directed Rothstein Kass & Company’s yearly audit process for over fifty hedge fund and fund-of-fund clients. Previously, Mr. Sarno served as Compliance Manager at Carlson Capital, one of the nation’s largest hedge fund managers. At Carlson, Mr. Sarno oversaw audits and financial reporting for over 20 proprietary funds and fund-of-funds with a combined net asset value of approximately five billion dollars.
• B.S., State University of New York