David Yu

Engine No. 1 builds and invests in companies that are driving the reindustrialization of the United States.

Engine No. 1 builds and invests in companies that are driving the reindustrialization of the United States.

Bernstein is widely recognized as Wall Streets premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia. Our firm was founded in the U.S. in 1967 and in the U.K. in 1999. Our research and trading capabilities are sought out by leading investment managers around the world, and we are annually ranked at the top of our industry by acknowledged arbiters. In independent surveys of major institutional clients, Bernsteins research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks and best original research. In Institutional Investor’s latest annual client survey, the leading survey by which research analysts in our industry are evaluated, over 90% of our U.S. analysts and the majority of our European Analysts were recognized as among the best in their respective fields – more than any other firm in our industry. We began operations in Hong Kong in 2010, and now cover a range of sectors across Asia. Our European research team is also home to Extels #1-ranked analyst across Europe. In April 2019 we acquired Autonomous Research, a highly regarded global financial services independent research firm. The combination of Bernstein and Autonomous solidifies our standing as the largest global independent research firm. Research has always been Bernsteins calling card. The brand is defined by our renowned Blackbooks, known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledged thought leaders that typically have many years of experience in the industries they cover. Our reputation is for the very highest caliber of independent and disciplined investment and industry analysis. We are a wholly-owned subsidiary of our buy-side parent, AB.

About PAG PAG is a leading alternative investment firm focused on APAC with three core strategies: Credit & Markets, Private Equity, and Real Assets. We manage capital on behalf of nearly 300 institutional fund investors, including some of the most sophisticated global asset allocators. PAG has more than 300 investment professionals in 15 key offices globally and manages approximately USD55 billion in assets. Firm History PAG is a leading diversified alternative investment firm with three major businesses: Credit & Markets (CM), Real Assets (RA), and Private Equity (PE). The history of PAG dates back more than two decades. PAG RA originated from Secured Capital founded by JP Toppino in 1997. CM grew out of Pacific Alliance Group, founded by Chris Gradel in 2002. Weijian Shan founded PAGs PE business in 2010. In the same year, Messrs. Gradel, Shan and Toppino brought their respective successful strategies under the PAG brand, and each of the three founders continues to manage each of the three businesses.