Mr. DeLaney has over twenty-one years of investment management experience and is a member of the Investment Policy Committee.  Prior to joining The Swarthmore Group in 2005, he spent seven years as a Senior Portfolio Manager with Automatic Data Processing, where he was responsible for $7.5 billion in fixed income assets and investing and funding payroll float balances that periodically would exceed $10 billion.  Mr. DeLaney’s experience also includes being a member of SEI’s Global Fixed Income Management Unit, and serving as portfolio manager with The Fairfield Group, Independence Capital Management Inc. and Parkway Management Corporation.  Types of portfolios managed include: pension, savings bank, insurance company, bond proceeds, money market and mutual fund accounts.  Mr. DeLaney holds a B.A. in Economics from Bucknell University.  He has earned the right to use the Chartered Financial Analyst (CFA) designation.