Andrew A. Davis has skillfully managed the Davis Real Estate Fund since its inception in 1993. Andrew Davis has more than 19 years of experience in investment management and securities analysis. His investment approach has been strongly influenced by working closely with veteran investor Shelby M.C. Davis.

Chandler Spears joined Davis Advisors in November 2000, and is a Portfolio Manager of the Davis Real Estate Fund. He brings to the Fund the perspective and experience of working previously in the real estate industry. He received his B.B.A. from James Madison University and his M.S. from the University of Virginia.