Our Team

Our Leadership Team

Frank HolmesFrank E. Holmes

CEO and Chief Investment Officer

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999.

Under his guidance, the company’s funds have received numerous awards and honors including more than two dozen Lipper Fund Awards and certificates. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing.

In 2013 Mr. Holmes was awarded the Huron Medal of Distinction from Huron University College, his alma mater for class of 1978. This award recognizes individuals whose life achievements set an example of excellence and reflect Huron’s arts and social sciences missions.

Mr. Holmes is also engaged in a number of international philanthropies. He is a member of the President’s Circle and on the investment committee of the International Crisis Group, which works to resolve conflict around the world. He is also an advisor to the William J. Clinton Foundation on sustainable development in countries with resource-based economies.

Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor’s degree in economics. He is a former president and chairman of the Toronto Society of the Investment Dealers Association.

Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences. He is also a regular commentator on the financial television networks CNBC, Bloomberg and Fox Business, and has been profiled by Fortune, Barron’s, The Financial Times and other publications.

 

Susan McGeeSusan B. McGee

President, General Counsel

Susan McGee joined U.S. Global Investors as Associate Counsel in 1992. In 1997, she became General Counsel and was named President of U.S. Global Investors in 1998. In collaboration with the CEO, Ms. McGee is responsible for directing the overall policy, planning, administrative, budgetary and operations functions of the organization. As General Counsel, she provides general legal services to U.S. Global Investors and its subsidiaries.

Ms. McGee received her bachelor’s degree in accounting from the University of Houston, graduating magna cum laude. She earned a J.D. from St. Mary’s Law School, graduating magna cum laude. Ms. McGee is a director of the San Antonio Sports Foundation, a member of the Texas Bar Association, the San Antonio Bar Association, ICI’s Small Funds Committee and the San Antonio Women’s Bar Association.

In addition, Ms. McGee was honored by Money Management Executive in 2014 as one of the Top 10 Women in Asset Management.

 

Lisa CallicotteLisa Callicotte

Chief Financial Officer

Lisa Callicotte joined U.S. Global Investors in 2009 as controller and was promoted to chief financial officer in July 2013. Ms. Callicotte is responsible for oversight of all financial statements and related disclosures for internal use and external filings with the appropriate regulatory bodies. In addition, she is responsible for monitoring pertinent GAAP, SEC and FINRA rules for relevant accounting and regulatory matters. Ms. Callicotte previously worked for Ernst & Young LLP for 12 years, leaving as a senior manager. She graduated from Texas A&M University with a Bachelor of Business Administration and a Master of Science in Accounting. She has been a Certified Public Accountant since 1999.

 

Our Investment Team

Our investment team is led by U.S. Global Investors Chief Investment Officer Frank Holmes. Mr. Holmes leads a unique investment team that brings knowledge and experience in a variety of fields.

Ralph P. Aldis, CFARalph P. Aldis, CFA

Portfolio Manager

Ralph Aldis rejoined U.S. Global Investors as senior mining analyst in November 2001. He is responsible for analyzing gold and precious metals stocks in his role as portfolio manager for the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX). In addition, Mr. Aldis serves as co-portfolio manager for the All American Equity Fund (GBTFX), Emerging Europe Fund (EUROX), Near-Term Tax Free Fund (NEARX), U.S. Government Securities Ultra-Short Bond Fund (UGSDX), and the U.S. Global Jets ETF (JETS). Mr. Aldis also works with the portfolio management team of the Global Resources Fund (PSPFX) to provide tactical analyses of base metal, paper, chemical, steel and non-ferrous industries.

Previously, Mr. Aldis worked for Eisner Securities, where he was an investment analyst for its high net worth group and oversaw its mutual fund operations. Before joining Eisner Securities, Mr. Aldis worked for 10 years as director of research for U.S. Global Investors, where he applied quantitative skills towards stocks, portfolio tilting, cash optimization and performance attribution analysis.

Mr. Aldis received a master’s degree in energy and mineral resources from the University of Texas at Austin in 1988 and a Bachelor of Science in geology, from Stephen F. Austin University in 1981, graduating cum laude. Mr. Aldis is a member of the CFA Society of San Antonio.


Brian K. Hicks, CFABrian K. Hicks, CFA

Portfolio Manager

Brian Hicks, CFA, joined U.S. Global Investors in 2004 as co-portfolio manager of the company’s Global Resources Fund (PSPFX) and also serves as co-portfolio manager to the Holmes Macro Trends Fund (MEGAX) and the U.S. Global Jets ETF (JETS). Mr. Hicks is responsible for portfolio allocation, stock selection and research coverage for the energy and basic materials sectors.

Mr. Hicks employs a top-down investment philosophy that identifies favorable macro-trends, commodities and currencies, and then selects related equities using a bottom-up approach that includes factors such as commodity leverage, profit margins and superior per-share growth metrics.

Prior to joining U.S. Global Investors, Mr. Hicks was an associate oil and gas analyst for A.G. Edwards Inc., where he covered domestic exploration and production companies, and was responsible for maintaining earnings and cash flow valuation models.

He also worked previously as an institutional equity/options trader and liaison to the foreign equity desk at Charles Schwab & Co., and at Invesco Funds Group, Inc. as an industry research and product development analyst.

Mr. Hicks holds a Masters of Science in finance, and a Bachelor of Science in Business Administration from the University of Colorado.

Mr. Hicks has been a regular guest on CNBC, Bloomberg TV and other broadcast outlets. He has also been interviewed by the Wall Street Journal, BusinessWeek, USA Today and other prominent publications.


Xiang Liang, CFAXian Liang, CFA

Portfolio Manager

Xian Liang joined U.S. Global Investors in June 2004 as the Asia research analyst and in 2014 began serving as a co-portfolio manager to the China Region Fund (USCOX). Mr. Liang is responsible for portfolio allocation, stock selection and research coverage for the countries and industries within the China region.

Mr. Liang attended Fudan University in Shanghai, China, where he is originally from, graduating with a bachelor’s degree in English.

Mr. Liang holds a Master of Business Administration degree from the University at Albany, State University of New York. He also earned his Chartered Financial Analyst (CFA) charter in 2008.


Joanna SawickaJoanna Sawicka

Research Analyst

Joanna Sawicka joined U.S. Global Investors in 2007 as an investment reporting administrator and in 2015 was promoted to research analyst. Ms. Sawicka is primarily responsible for analyzing companies located in emerging European countries.

Prior to joining U.S. Global Investors, she worked for Soros Fund Management in New York and JP Morgan in San Antonio. Ms. Sawicka holds a bachelor’s degree in finance with a specialization in investments from Baruch College, City University of New York.


Michael MatousekMichael Matousek

Head Trader

Michael Matousek joined U.S. Global Investors in January 2008 and was soon promoted to head trader. With close to 20 years’ worth of industry experience, Mr. Matousek is responsible for evaluating and executing trading strategies in U.S. Global Investors’ mutual funds and internal proprietary accounts.

Before joining U.S. Global Investors, Mr. Matousek functioned as director of institutional sales and trading for a broker-dealer, advising the firm’s hedge fund clients on trading strategy and implementation.

Mr. Matousek has been a Chartered Market Technician (CMT) for over 10 years and holds the Series 7, 24, 52 and 55 licenses. He received his Bachelor of Science degree in law enforcement and a minor in accounting.


Alex BlowAlex Blow

Junior Investment Analyst

Alex Blow joined U.S. Global Investors as a junior analyst in June 2014. He is responsible for assisting the portfolio managers in researching companies, industries and countries.

Mr. Blow graduated magna cum laude from the University of Southern California with a Bachelor of Arts in international relations and a minor in economics. Mr. Blow is currently a Level II candidate in the Chartered Financial Analyst (CFA) Program.


Juan F LeonJuan F. León

Junior Investment Analyst

Juan F. León was hired at U.S. Global Investors as a junior analyst in October 2014. He assists in researching and analyzing different companies and industries.

Mr. León was born in Bogotá, Colombia, and grew up in Quito, Ecuador. He attended Trinity University in San Antonio, Texas, where he completed a double major in political science and economics. While at Trinity, he participated in the university’s Student Managed Fund, a year-long investment program that allows students to actively manage the fund’s capital. He also studied for a semester at the Institute of Economic and Political Studies in London.

Before joining USGI, Mr. León spent two and a half years as a financial analyst at the cloud computing and web hosting company Rackspace. He was subsequently hired at U.S. Global Investors as a junior investment analyst in October 2014. Mr. León is currently a Level III candidate in the Chartered Financial Analyst (CFA) Program.


Lalitha KadiyalaLalitha Kadiyala

Junior Investment Analyst

Lalitha Kadiyala joined U.S. Global Investors in 2015 as a junior analyst. Ms. Kadiyala is responsible for providing research support to the investment team.

Previously, Ms. Kadiyala worked as a research analyst at Invesco AIM where she provided support to the sales and product development team. Before joining Invesco AIM, Ms. Kadiyala worked for DPM Mellon as an operations analyst.

Ms. Kadiyala received a Master of Business Administration degree and a bachelor's degree in finance from Western Michigan University, graduating cum laude

Net Asset Value
as of 05/29/2015

Global Resources Fund PSPFX $5.83 -0.09 Gold and Precious Metals Fund USERX $5.78 -0.03 World Precious Minerals Fund UNWPX $4.76 -0.02 China Region Fund USCOX $9.80 -0.04 Emerging Europe Fund EUROX $6.49 -0.07 All American Equity Fund GBTFX $28.42 -0.11 Holmes Macro Trends Fund MEGAX $21.16 -0.11 Near-Term Tax Free Fund NEARX $2.24 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.01 No Change