Henry Swieca is Co-Founder and has served as the Chief Investment Officer of Highbridge since its inception in 1992. In 1984, Mr. Swieca, along with his partner, Glenn Dubin, founded HCM’s predecessor firm, Dubin & Swieca, an asset management company specializing in alternative investment strategies. HCM, along with its predecessor firm, is widely recognized as being one of the pioneers in advocating and employing multi-manager portfolio structures guided by the principles of Modern Portfolio Theory. Mr. Swieca began his career in 1979 at Merrill Lynch & Co. as a registered representative. In 1982, Mr. Swieca was one of the original floor traders on the New York Futures Exchange where he traded equity index options and futures. Mr. Swieca then joined Dillon Read & Co. as an advisor to institutional investors. In 1984, he joined E.F. Hutton & Co. and later became a Senior Vice President specializing in asset allocation and risk management. Mr. Swieca received an M.B.A. in Finance with a concentration in options and derivatives from the Columbia University Graduate School of Business in 1982.

Nicole St. Clair is associate director of the DC office of the Nicholas Institute for Environmental Policy Solutions at Duke University. Prior to joining the Nicholas Institute staff this fall, she was director of communications for the Climate Campaign at Environmental Defense. In 2004 and 2005, St. Clair served in a similar capacity for the Natural Resources Defense Council. Before that, she was director of strategic communications for Ceres, a Boston-based coalition of environmental organizations and investment funds, where she worked with some of the nation's largest institutional investors and major companies on the concept of "climate risk." Her efforts at Ceres netted some of the first coverage of global warming in the nation's financial press, as well as the engagement of Wall Street analysts in the issue and attention from Congress. Earlier in her career she worked on health policy at the Michigan Council for Maternal and Child Health. While at MCMCH, Ms. St. Clair developed policy through a statewide initiative to increase and streamline funding for early childhood education and care.

James Kim joined CMEA Ventures in 2007 as a Partner. Previously, Mr. Kim was a Vice President at GE Commercial Finance where he led technology venture investments in the cleantech, advanced materials, and digital media sectors. Mr. Kim helped found the Energy Technology Ventures group at GE Energy Financial Services, where he also worked on domestic and foreign renewable energy structured finance opportunities. Earlier in his career, Mr. Kim was an Analyst with GCI Partners in Boston, an early stage IT venture capital consulting firm. Mr. Kim holds BS degrees in Computer Science & Electrical Engineering and Political Science from MIT, and a Masters in Quantitative Methods and an MBA from Columbia University. He continues to work as a research assistant on projects with Columbia Medical Center and the Earth Institute.

Marc Levinson is an economist with JPMorgan Chase. He works closely with JPMorgan's equity and credit analysts and their investor clients in analyzing structural and regulatory issues that affect particular parts of the economy. He has published extensively on climate change and renewable energy, and contributed to last year's National Petroleum Council report, Facing the Hard Truths About Energy. He was previously finance and economics editor of The Economist. His book The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, was named one of the best business books of 2006 by the Financial Times, Business Week, and the Globe & Mail.

Californians on November 7, 2006 elected Bill Lockyer as the 32nd State Treasurer. The State Treasurer’s Office will play a prominent role as California meets the challenge of building the future for a growing and increasingly diverse population. As State Treasurer, Lockyer is committed to using the tools of the Office to help provide residents what they need to create a stronger California – more jobs, superior education, improved transportation, quality health care, more affordable housing and a cleaner environment.

Lockyer’s priorities will be to wisely and prudently invest taxpayers’ money, to ensure the public gets the accountability and oversight it deserves on infrastructure projects funded by voter-approved bonds, and to work with the Governor and Legislature to put California back on sound fiscal footing. To achieve those goals, Lockyer will draw on leadership, management and policymaking skills developed over a public service career spanning more than three decades.

From 1999-2006, Lockyer served as California Attorney General and left a lasting legacy at the Department of Justice. In his eight years, he helped revolutionize crime fighting in California by creating and maintaining the nation’s most sophisticated DNA forensic crime laboratory. He also cracked down on Medi-Cal fraud, securing hundreds of millions of dollars in court-ordered restitution and penalties, established the Megan’s Law website to locate and identify registered sex offenders, and recovered billions of dollars for defrauded energy ratepayers, consumers and taxpayers.

Prior to his election as Attorney General in 1998, Lockyer served for 25 years in the California Legislature, culminating his Capitol career with a stint as Senate President pro Tempore. In that leadership position, Lockyer crafted agreements to balance the state budget and reform government programs to make them run more efficiently and effectively for taxpayers.

A graduate of the University of California, Berkeley, Lockyer earned his law degree from McGeorge School of Law in Sacramento while serving in the State Senate. He also received a teaching credential from California State University, Hayward. He is married to Nadia Maria Lockyer and has a daughter, Lisa, and son, Diego.

Walter V. Nasdeo supervises Ardour Capital’s Energy Technology group and is responsible for the equity research effort. Mr. Nasdeo joined Ardour Capital from BlueStone Capital where he was a Vice President of research and headed the energy technology team. Prior to BlueStone, Mr. Nasdeo was at Credit Lyonnais Securities where he researched consolidating industries. Walter has appeared numerous times on CNBC’s Closing Bell and Power Lunch, Bloomberg Television, BBC, and ROBTv and has presented at various energy technology conferences. He has been quoted in publications such as The Wall Street Journal, New York Times, Businessweek, Fortune, CNNMoney, CNNfn, The Street.Com, Bloomberg News, Small Times, Sustainable Business.com, etc. Has been named a StarMine Award Winning Analyst for earnings accuracy. Mr. Nasdeo received his MBA and his BBA in Entrepreneurship from the University of North Texas. He is a member of NYSSA and AIMR, and was named the “Distinguished Student in Entrepreneurship,” by the Chancellor of North Texas University for 1992-93. Walter served in the U.S. Army European Operations, Berlin, Germany, and held a secret security clearance as a member of the Berlin Brigade in the 1980s.

Jon Stein’s primary focus at the firm is the development and management of new portfolios and products, with an emphasis on foreign exchange traders and natural resources managers. Mr Stein is a member of the investment, implementation and portfolio committees, and is also involved in the firm’s business development. Mr. Stein is a registered AP with the firm. From July 2005 through October 2007 Mr. Stein was the CIO and a partner of AlphaMetrix Investment Advisors, an alternative investments manager platform headquartered in Chicago, and still participates in that firm’s Advisory Board. Mr. Stein was previously the Chief Strategic Officer of Efficient Capital Management, a fund-of-funds and manager-of-managers based in suburban Chicago, and also served as the Chairman of the firm’s Investment and Allocation Committee. Before Efficient Capital Management, he was a director with Rotella Capital Management, a trading advisory firm. After being trained to make markets in options and futures in 1986 and 1987, Mr. Stein turned to financial journalism, serving as the Senior Editor with Futures Magazine from 1987 through 1990. Mr Stein then practiced law. During his law studies, Mr. Stein served as a consultant to various industry firms and authored a text on foreign exchange trading, Trading Currency Cross Rates, published by John Wiley & Sons in 1993. Mr. Stein practiced law with two law firms in Chicago, including Katten Muchin & Zavis, specializing in the formation of hedge funds, futures funds, and trading businesses as well as related litigation.

Scott Brusso was appointed Director, FX Products of CME Group in July 2007. He is responsible for helping execute CME Group’s foreign exchange (FX) marketing strategy, as well as supervising the day-to-day sales efforts of CME’s FX marketing team. Previously, Mr. Brusso served as Director, Currency Product Marketing of CME since 1999 (formerly titled Vice President, Currency Product Marketing). Mr. Brusso joined CME in 1993 as Director, Currency Product Marketing. He was named Senior Director, Currency Product Marketing in 1997 before being appointed to his current role. Before joining the company, Mr. Brusso operated his own marketing consulting business from 1992-93. He traded FX products for FX Asset Management from 1992-93, Roemer Weather Inc. from 1990-92 and Banco di Roma from 1988-1990.

He attended Oakton Community College in Des Plaines, Ill.

Michael S. Harris has been employed by Campbell & Company since July 2000, was appointed Deputy Manager of Trading in September 2004 and has served as Vice President and Director of Trading since June 2006. His duties include managing daily trade execution for the assets under Campbell & Company’s management. From 1999 to 2000, Mr. Harris worked as a futures and options broker for Refco Inc. (NY). From 1997 to 1999, he worked in the Sales and Product Development groups at Morgan Stanley Managed Futures. Mr. Harris holds a B.A. in Economics and Japanese Studies from Gettysburg College. He also spent time studying abroad at Kansai Gaidai University in Osaka, Japan. Mr. Harris is an Associated Person of Campbell & Company. Mr. Harris became registered as an Associated Person and listed as a Principal of Campbell & Company effective September 21, 2000 and June 15, 2006, respectively.

James F. Lubin is a Principal and Director of Hyman Beck & Co. Mr. Lubin is responsible for product development, strategic planning, investment strategy and business development. Prior to joining Hyman Beck in July 2003, Mr. Lubin was a Senior Vice President within the Fixed Income Division of Lehman Brothers from 1999, where he was responsible for establishing the foreign exchange business with Alternative Investment Managers. From 1980 to 1999, Mr. Lubin held positions of increasing responsibility with Merrill Lynch. During his tenure with Merrill Lynch, Mr. Lubin was employed in the Futures, Foreign Exchange and Alternative Investment divisions. At the time of his departure, Mr. Lubin was managing the Foreign Exchange business with Alternative Investment Managers and was a member of the Investment Committee of MLFIP, the sponsor of Merrill Lynch’s Alternative Investment funds. The Investment Committee was responsible for the selection of the Alternative Investment Managers retained by the entity.

Omid Rezania works with CalPERS where he spends most of his time on the active currency program. Prior to CalPERS, he worked in various capacities devising trading strategies and investing in equity markets. He started his financial career trading equity derivatives with Merrill Lynch in London. He has had various registrations with financial authorities in US and UK. Mr. Rezania holds a BSc in mechanical engineering from Sharif University of Technology in Iran, MSc in mechanical engineering from Carnegie Mellon University, MA in international studies from University of Pennsylvania and MBA in finance from The Wharton School of Business. Mr. Rezania is currently pursuing research leading to a PhD where his topic is the applications of signal processing in intraday dynamics of currency markets.

Kyle Zasky, Managing Director at EdgeTrade LLC, was an early advocate of electronic trading systems and its benefits on the financial markets. Mr. Zasky co-heads Knight’s electronic trade execution business catering to financial services firms. Prior to joining Knight, he was President at EdgeTrade Inc., a leading agency-only trade execution and algorithmic software firm he co-founded in 1996. Knight Capital Group acquired EdgeTrade in January 2008. Before establishing EdgeTrade, Mr. Zasky worked as a municipal bond broker and served as branch manager for two broker-dealers. Mr. Zasky has a B.S. in business management and marketing from New York University.

Prior to joining Optima, Ken Akoundi was a founding member of the RiskMetrics Group, where he last held the position of Chief Knowledge Officer. Prior to RiskMetrics Group, Dr. Akoundi was a Project Manager in the Risk Management Services department at J.P. Morgan, where he managed software development, and maintenance, and training. He has also lectured on various risk management topics at NYU, Columbia, Baruch College, and Polytechnic University. Dr. Akoundi holds a Doctorate in Civil Engineering from Polytechnic University in New York.

Charles Krusen is a Partner with Alpha Equity Management. One of the pioneers in 130/30 strategies, Alpha Equity is currently managing products in multiple asset classes with six year track records. Mr. Krusen, with over 30 years experience in financial services, began his career with Citibank Capital Markets, specializing in arbitrage and proprietary trading of financial derivatives. He subsequently worked with the Derivatives Product Group of Fimat (subsidiary of Societe Generale), where he developed derivative strategies for equity private placements and created the Hedge Fund Strategies Group. For many years, Mr. Krusen has been the CIO for Krusen Family Office, based in Tampa, FL. He is on the Board of Directors of DRI, a financial services firm that has been an innovator in the real estate derivatives market. Mr. Krusen is on the Board of Trustees of the Southampton Hospital Foundation. Mr. Krusen is an honors graduate of Harvard College. He is a Registered Representative with the NASD - Series 7 and 63.

John Strohman, CFA is a Vice President and Product Specialist with Quantitative Management Associates (QMA). Previously, John was a client portfolio manager at Equity Investors, a division of New York Life Investment Management. Prior to joining Equity Investors, he was a Senior Investment Analyst for SEI Investments where he was responsible for manager research, oversight, and development of a quantitative equity strategy. He also held the role of Institutional Relationship Manager and was responsible for client relationships for defined benefit, endowment/foundation, and Taft Hartley clients. Prior to SEI, Mr. Strohman was a foreign exchange salesperson with Citibank in New York and Singapore. He also was an industry analyst in the Branded Consumer industry group. Prior to Citibank, he held various roles at Chase Manhattan Bank and Credit Suisse First Boston. Mr. Strohman earned his MBA in Finance from New York University and a BS in Accounting from Villanova University.

Florian Weber, a senior associate with Wilshire Associates, serves in a manager research role within Wilshire Funds Management. He is specifically responsible for covering 130/30 type strategies as well as International and Emerging Markets. Mr. Weber has assisted with several 130/30 manager searches. He holds a MBA with a concentration in Finance from the University of Hawaii at Manoa and a BA in Economics from the University of California at Santa Cruz. Mr. Weber is currently a Level II candidate for the Chartered Financial Analyst designation.

Established in 1998, Marathon has offices in New York, London, Singapore and several satellite offices around the globe; managing hedge funds, private equity funds and real estate that include strategies dedicated to Distressed Securities & Special Situations; High Yield Bonds, Bank Debt & Mezzanine Loans, Asset Based Lending, CLOs & CDOs, Emerging Markets and Real Estate Finance and Real Estate Assets. Mr. Richards is responsible for general oversight of the firm, its strategic direction, sits on the Investment Committee in addition to developing its culture and various business line. Prior to founding Marathon, Mr. Richards worked on Wall Street during a 15-year tenure, that includes ten years as a Managing Director in charge of trading, investments and risk management in the Fixed Income Division at Smith Barney and Donaldson, Lufkin & Jenrette, after starting his career at Paine Webber. Mr. Richards received his B.A. in Economics, summa cum laude, from Tulane University in 1982 and is a member of Phi Beta Kappa.

Jon Halpern is co-founder of Marathon Real Estate and serves on the Executive Committee of Marathon Asset Management. He has 24 years of professional experience in real estate having served as the Head of Halpern Enterprises from 1985-1994, one of New York's leading regional (Westchester County) commercial and residential property owners (developer/builder/ owner/operator). Mr. Halpern sold these real estate assets to Reckson Associates Realty, a real estate investment trust, in 1995, and joined the company as a member of its Board and as an Executive Vice President in charge of its Westchester County Real Estate Holdings. Mr. Halpern also served as co-Founder of Reckson Opportunity Partners until 2000. Mr. Halpern most recently was Chief Executive Officer of HQ Global Workplaces from 2001-2003, where he was recruited by banks and other creditors to restructure this company with $400 million in revenues and 2,500 employees. After the turn-around was complete and the company emerged from Chapter 11, Mr. Halpern joined Marathon. He graduated from the University of Colorado School of Business (1985).

Matthew T. Hoffman is the Chief Investment Officer of Weston Capital Management LLC. Weston is a global alternatives provider with $2.1bn in assets under management, having offices in New York, London, Palm Beach and Connecticut. Mr. Hoffman is responsible for overseeing the firm’s investment activities and serves as a member of Weston’s Investment Oversight Committee, its Management Committee, and is a Director on its Hedge Fund Incubation Board. Mr. Hoffman focuses on identifying emerging managers of quality and potential, evaluating specialized strategies, seeding promising new talent, and building portfolios around them. Mr. Hoffman has over 20 years of experience in the global investment markets serving in various executive and management roles for firms in the US, London, Hong Kong and Tokyo. Prior to joining Weston, Mr. Hoffman was a founding partner and Chief Investment Officer for Mayer & Hoffman Capital Advisors, LLC. Mr. Hoffman holds Bachelor’s in Mathematics / Economics and Biology and an MBA in Finance from the University of Chicago.

GoldenTree InSite Partners is a global real estate investment firm headquartered in New York with an office in Sa~o Paulo, Brazil. The firm was created to harness the synergies between a team of seasoned real estate professionals and GoldenTree Asset Management. GoldenTree InSite Partners pursues opportunistic real estate investments through equity and structured debt investments. As of February 21st, the firm has 21 employees and manages over $700 million of discretionary equity. GoldenTree Asset Management, a Registered Investment Advisor with offices in New York, Los Angeles, London, Dallas, Chicago and Luxemburg, manages assets of over $13 billion, primarily in absolute return strategies which invest in bank debt, high yield bonds, distressed debt, middle market loans, equities and real estate. Thomas Shapiro has been active in Brazilian real estate investments for the past 12 years, first as a Senior Managing Director at Tishman Speyer and then as President of GTIS. Shortly after its formation in early 2005, GTIS committed to its initial Brazilian investments as a co-investor with Tishman Speyer in conjunction with CCDI (an affiliate of Camargo Corrêa), Company S.A. and Even Construtora. In 2007, as real estate opportunities in Brazil continued to improve, GTIS negotiated and entered into a joint venture agreement with a Brazilian developer, Yuny Incorporadora (“Yuny”), to secure an exclusive pipeline of proprietary investment opportunities, which has produced seven transactions to date. Between February and August of 2007, GTIS raised its $508 million GTIS Real Estate Opportunities Fund I LP (“Fund I”). GTIS has committed approximately $256 million to Brazilian real estate investment.

Carl B. Tash founded Cliffwood Partners in 1994. Mr. Tash is the Managing Member of the LLC and Chief Investment Officer for all investment strategies. Prior to founding Cliffwood, Mr. Tash spent twelve years with JMB and its affiliates. At the time of his departure from JMB at the end of 1991, he was President of JMB’s investment subsidiary, JMB Institutional Realty Corporation, and Co-Chairman of JMB’s Retail Development subsidiary. Mr. Tash was also responsible for the acquisition and structuring of over $5 billion in corporate real estate transactions. He has over twenty years of experience investing in, financing and managing real estate assets and real estate companies. Mr. Tash has been actively investing in real estate securities for over fourteen years. Mr. Tash received a BS in Economics from the Wharton School at the University of Pennsylvania in 1978 and a MBA from the Harvard Business School in 1982. He currently serves on the Executive and Membership Committees of the Wharton Real Estate Center and is a member of PREA, NAREIT and the ICSC.

Michael P. White has overall responsibility for HMC’s domestic real estate investment activity. Prior to this role, he served as Chief Operating Officer of The Harbinger Group, Inc., where he helped develop and implement Harbert’s alternative investment strategy. He is the former Vice President of Development and Finance of Harbert Properties Corporation where his responsibilities focused on strategic planning, property development and finance. He joined Harbert Corporation in 1983. Mr. White holds a degree in civil engineering degree from the University of Florida.

Sean Cumiskey is Managing Director and a member of the firm’s Executive Committee. Mr. Cumiskey and has managerial responsibility for Ivy’s Investment Strategies Group and Capital Markets Group. Mr. Cumiskey is also a member of Ivy’s Investment Committee, Risk Management Committee and Product Development Team. Mr. Cumiskey joined Ivy in May 2004 from Meridian Capital Partners, a $3 billion independent fund of funds, where he was Managing Director responsible for strategic client relationships and was a member of the firm’s risk management committee. Prior to joining Meridian in 2002, he was Director of Portfolio Strategy for myCFO Investment Advisory Services, a multi-family office, where he directed the firm’s hedge fund and private equity investments. Previously, Mr. Cumiskey worked as a Principal at Banc of America Securities (Montgomery Division), where he oversaw the multi-manager product platform, and as a Director with BARRA RogersCasey, where he advised institutional investors on various portfolio management issues. Mr. Cumiskey holds a B.A. from the University of California, Los Angeles and an M.B.A. from Columbia Business School.

Byron J. Haney is Managing Director and Co-Chief Investment Officer of Resurgence. Mr. Haney joined the Firm in 1994. He has more than 20 years of financial and restructuring experience. Mr. Haney currently serves on the Board of Directors of Fifth Street Finance Corp., Furniture.com, Sterling Chemicals, Inc. and Sterling Healthcare, Inc. (formerly PhyAmerica Physician Group, Inc.). He is Chairman of the Physicians Resource Group Liquidation Oversight Committee, Chairman of the Official Creditors Committee of Midcom Communications, Inc. and Co-Chairman of the DAF NV Creditors Committee. Additionally, Mr. Haney has played an active role in the insolvency proceedings of Washington Group International, Inc., Sterling Chemicals, Inc., Eurotunnel Group, PhyAmerica Physician Group, Inc., Musicland Group, Inc., First City Bancorporation of Texas, Inc., Cadillac Fairview Corporation, Signet Group PLC, Wherehouse Entertainment, Inc., Anchor Glass Container Corporation and Stratosphere Corporation. Mr. Haney was formerly Chief Financial Officer of a private retail store chain. Previously, he was with Touche Ross & Co., a predecessor of Deloitte & Touche LLC. Mr. Haney is a Certified Public Accountant. He earned his B.S. in Business Administration from the University of California at Berkeley and his M.B.A. from the Wharton School of the University of Pennsylvania.

Kathleen K. Murphy joined the Harbinger Capital Partners investment team in April 2005 as a Portfolio Strategist. Before joining HMC, she was a Vice President at Goldman Sachs where she served as a High Yield Strategist. Prior to joining Goldman Sachs, Ms. Murphy was an Associate at Credit Suisse First Boston (CSFB) in the high yield research group, where she performed high yield portfolio analysis, oversaw the CSFB high yield indices and evaluated cable and media issuers. She spent two years in the equity capital markets division of CSFB marketing global new issues to US based institutional investors. Ms. Murphy earned a Master of Business Administration degree from Fordham University Graduate School of Business in 2000 and was selected as a member of the Beta Gamma Sigma Honor Society. She earned a Bachelor of Arts degree from the University of Pennsylvania in 1994.

Steve D. Persky is the portfolio manager for our Global Hedged Distressed Strategy and has extensive experience in managing international fixed-income portfolios. At Payden & Rygel, a Los Angeles-based institutional fixed-income advisor, Mr. Persky managed five billion dollars of assets as a Vice President and Portfolio Manager. Prior to joining Payden & Rygel, he was a Vice President of Fixed Income for Salomon Brothers and worked in their Tokyo and New York offices trading both high yield and high grade debt. He began his investment career at Citibank, where he worked as a Senior Credit Officer in a group which dealt with US subsidiaries of Asian companies. Mr. Persky holds an AB from Harvard College and he is fluent in Chinese. He is a CFA charterholder, a member of the Los Angeles Society of Financial Analysts and the CFA Institute.

Diane Vazza is Managing Director and head of Global Fixed Income Research at Standard and Poor’s. Ms. Vazza has almost thirty years of Wall Street experience. The Global Fixed Income Research team provides analysis and commentary on global financial market and credit trends including distressed, default, and recovery research. Ms. Vazza chairs the firm’s Research Governance Council and is also one of the eleven members of Standard and Poor’s Investment Policy Committee that recommends asset allocation. In 2006 Credit Magazine named Ms. Vazza one of the top 50 women across the globe in credit and fixed income. Prior to joining Standard & Poor’s, Ms. Vazza held various positions in capital markets, trading, investment banking and credit research at Drexel Burnham Lambert, Citibank and Chase Manhattan Bank. Besides the U.S. she has lived and worked in Asia, West Africa, Europe, Latin America and the Middle East. Ms. Vazza is past President and sits on the Executive Board of Directors of Fixed Income Analysts Society (FIASI).

Established in 1998, Marathon has offices in New York, London, Singapore and several satellite offices around the globe; managing hedge funds, private equity funds and real estate that include strategies dedicated to Distressed Securities & Special Situations; High Yield Bonds, Bank Debt & Mezzanine Loans, Asset Based Lending, CLOs & CDOs, Emerging Markets and Real Estate Finance and Real Estate Assets. Mr. Richards is responsible for general oversight of the firm, its strategic direction, sits on the Investment Committee in addition to developing its culture and various business line. Prior to founding Marathon, Mr. Richards worked on Wall Street during a 15-year tenure, that includes ten years as a Managing Director in charge of trading, investments and risk management in the Fixed Income Division at Smith Barney and Donaldson, Lufkin & Jenrette, after starting his career at Paine Webber. Mr. Richards received his B.A. in Economics, summa cum laude, from Tulane University in 1982 and is a member of Phi Beta Kappa.

Walter Zebrowski has served in senior management roles for several alternative investment funds since 1992, including CIO, COO and CFO/CSA. The funds focused primarily on market neutral strategies (i.e. quantitative, convertible, merger & acquisition arbitrage); utilized technical and quantitative models to analyze and evaluate multiple markets and asset classes, or concentrated on private equity investments and transactions. Within the Fund of Funds arena, Mr. Zebrowski analyzed, evaluated and conducted due diligence on hundreds of investment managers using various investment management strategies in multiple asset classes.

Currently, Mr. Zebrowski serves as CIO of Hedgemony Partners, an alternative investment management and technology development firm focusing primarily upon distress and development stage opportunities within the alternative investment management company arena. The firm employs an activist strategy in managing its portfolio of company investments by having members of the firm serve as senior management for portfolio companies. Hedgemony Partners delivers the infrastructure and support of a Multi-Strategy Hedge Fund and the capital sourcing capabilities of a boutique Investment Bank for Hedge Fund Management companies. The Hedgemony model supplies a Manager with comprehensive institutional infrastructure (people, processes, systems and governance) to secure large allocations and mandates while preserving their independent enterprise value and entrepreneurial spirit.

As an avid speaker and author, Mr. Zebrowski has moderated panels and presented to organizations such as Institutional Investor, IIR/GAIM, MarHedge, Global Association of Risk Professionals and the AICPA. As Chairman of the Regulatory Compliance Association’s CCO University, he oversees the entire Masters of Compliance Degree Program. The CCO University curriculum spans over 28 classes, and 192 hours of course work. The faculty of professors includes many blue chip COOs, CFOs, CCOs, GCs, CROs, attorneys and CPAs, as well as senior members of regulatory authorities.

Alice Boinski heads up the equity portfolio compliance team at American Century Investments in Kansas City, Missouri. She oversees the ongoing development, monitoring and execution of the equity compliance program for approximately $70 billion in retail, institutional subadvised and separate accounts managed out of the Kansas City, New York, and Mountain View, CA offices. Ms. Boinski and her team were responsible for the successful implementation of a compliance monitoring system and she had a primary role in the development of policies and procedures to support a long-short product launched in 2005. Assets monitored include domestic, international, fund-of-funds, a long-short mutual fund and two 130/30 strategies. She has been with American Century since 1980 and started her compliance career with the company in the early 1990’s.

Brian Fahey is the chief executive officer of TerraNua, a leading provider of business consultancy and software solutions with offices in New York, NY and Dublin, Ireland. The company’s flagship product, MyComplianceOffice, is a comprehensive software solution that allows U.S. wealth management firms to manage compliance programs effectively and efficiently, reducing the risks and costs related to these activities. Mr. Fahey first joined TerraNua in 2003 as its chief operating officer. He subsequently became managing director of the company’s compliance practice. Prior to joining TerraNua, Mr. Fahey served as vice-president of consulting with Access Data in Boston, where he sold and delivered complex business technology solutions to investment management firms. His experience includes extensive knowledge of business processes as well as the design and creation of technology solutions within the financial services industry. Mr. Fahey graduated with honors from the University College Dublin (Ireland) where he earned a Bachelor of Commerce and a Master of Management Science. He also holds an MBA and a Graduate Certificate in Strategic Internet Management in Technology from Northeastern University in Boston.

Joseph P. Russoniello is serving his second term as the U.S. Attorney for the Northern District of California (which encompasses the 15 counties from the Oregon-California border to Monterey, including the San Francisco Bay Area). Mr. Russoniello was recently senior counsel and resident in the San Francisco office of Cooley Godward Kronish LLP where he was a member of the Litigation department and the practice group for Business Crimes & Regulatory Defense. Mr. Russoniello also served as Dean of the San Francisco Law School for five and a half years until his resignation in July 2007. From January 1982 to March 1990, Mr. Russoniello served his first term as the U.S. Attorney for the Northern District of California. He personally prosecuted Larry Layton of the Peoples Temple for his part in the murder of Congressman Leo Ryan in Jonestown, Guyana, and tried several other high profile criminal and civil cases.

His office prosecuted the Hitachi and Mitsubishi corporations for their theft of IBM secrets; Jerry Whitworth and James D. Harper Jr. in separate espionage cases; and dozens of white collar crime cases involving financial institution fraud, money laundering, securities fraud, public corruption, defense procurement fraud, other government contract fraud, export control violations, copyright infringement and trademark counterfeiting. Until his resignation, he was a member of the Attorney General's Advisory Committee, served as chairman of its White Collar Crime Subcommittee and was a member of the Economic Crime Council of the Department of Justice.

Mr. Russoniello received a J.D. degree from New York University Law School in 1966 and a B.S.S. degree from Fairfield University in 1963. Following graduation from NYU he was appointed a special agent with the Federal Bureau of Investigation, and later served as an assistant district attorney for the City and County of San Francisco before joining Cooley Godward Kronish in 1975. Mr. Russoniello was, until his recent appointment as United States Attorney, a member of the National Review Board of the U.S. Conference of Catholic Bishops (USCCB). Mr. Russoniello is a member of the American College of Trial Lawyers, the Edward McFetridge Inn of the American Inns of Court, the American Board of Trial Lawyers, the American Law Institue and numerous civic and legal organizations.

Robert Maroney oversees all activities of multi-entity family office Connecticut Investments LLC and invests broadly in virtually every asset class. The individual entities vary considerably by size, risk profile and cash flow requirements. A large proportion of the assets are in alternative assets, including single-manager funds and private equity, along with a more modest allocation to venture capital. With over 50 hedge funds across all entities, the portfolio investments are constructed to meet the profile of each individual account. Because most entities either directly or indirectly benefit US taxpayers, a comprehensive program is followed to place the greatest emphasis on after-tax returns with a further focus on tax-deferral strategies. A relatively high proportion of the assets are invested outside the US so there is a significant effort to identify appropriate international investment opportunities, including emerging markets. Within the organization there is considerable familiarity with the specific requirements of charitable remainder trusts and foundations. The activities of accounting, tax and legal professionals are closely coordinated with the needs of each entity. Prior to work as an investment professional, Mr. Maroney served as a division president of a multinational Fortune 200 firm and was the CEO of a privately owned global manufacturing company. Mr. Maroney holds a B.S. in Electrical Engineering from Cornell University and an M.B.A. with high distinction from the Harvard Business School, where he was a Baker Scholar.

Barry F. Cronin, Chief Investment Officer, has led Taylor's hedge fund research and analytics efforts since the firm's inception. Mr. Cronin chairs the firm's Investment Committee and has primary responsibility for management of the firm's investment portfolios, including Taylor Insurance Series LP, Taylor Investment Series Ltd. and Taylor Waypoint Fund LP. Mr. Cronin has been actively involved in the alternative investment field for more than 18 years. Prior to joining Taylor, from 1998 until 2001 he was with Graham Capital Management where he served in various capacities including portfolio manager of a global macro portfolio. From 1992 to 1998, Mr. Cronin served as a portfolio manager for Tudor Investment Corporation, where he managed a leveraged portfolio of stocks, bonds, commodities and currency instruments. Mr. Cronin also worked for Bellwether Futures, a subsidiary of Tudor, at the Chicago Mercantile Exchange from 1990 to 1992. Mr. Cronin began his career with Merrill Lynch Futures at the Chicago Board of Trade 1989. He received his B.A. from Colby College, and his M.B.A. and M.A. from Boston University.

Randy Lampert is a Managing Director in the firm's Investment Banking group and has over 25 years of industry experience. He is responsible for Investment Banking Business Development as well as head of the Shareholder Activist Group. Since founding the Activist Group in 2006, Morgan Joseph has represented the Boards of Directors of a dozen public companies in addressing the issues raised by activists. Mr. Lampert began his career with Salomon Brothers in 1978 in Corporate Finance. He served in various positions, including assistant head of the Communications and Technology Group and Group Head of the New England region. In 1988 he left to complete several leveraged buyouts, initially on his own, and subsequently as part of Apax Partners. From 1992 to 1998 he founded and built the Leveraged Finance Group at Nomura Securities overseeing a 12 man group engaged in providing bridge and mezzanine capital for leveraged acquisitions while also completing a variety of investment banking transactions across a broad array of industries. Thereafter, he formed a consulting firm providing management services to underperforming companies in the telecom and information technology industries serving at various times as the CFO and CEO of several of the companies to which he consulted. He received his B.A. in Economics from the University of Rochester and his M.B.A. from the University of Chicago.

Mark E. Schwarz, is the founder and sole general partner of Newcastle Partners, L.P. Newcastle Partners is a Dallas-based hedge fund that employs a value-based, private-market approach to investments in primarily smaller-capitalization domestic companies. During its fifteen years of operation, an initial investment in Newcastle has increased more than tenfold, resulting in an average annual gross return of approximately 23%. Newcastle’s investment activities have been profiled on numerous occasions in the Wall Street Journal, New York Times, Barron’s, Business Week and other publications. In conjunction with his management of Newcastle Partners, Mr. Schwarz was also employed from 1993 through 1999 as an investment advisor to entities affiliated with Hunt Financial Group, L.L.C., a Dallas-based investment firm associated with the Lamar Hunt family. Mr. Schwarz was most recently employed as a co-manager of Sandera Partners, L.P., a Hunt affiliated private investment partnership. Previously, Mr. Schwarz had been employed as a securities analyst and portfolio manager for SCM Advisors, L.L.C. and Hunt, Peavy & Bricker, Inc., both Hunt affiliated registered investment advisors engaged in the management of private accounts for institutions and high net worth individuals. In his capacity as an advisor to the Hunt family, Mr. Schwarz was involved in all aspects of identifying, analyzing, and managing investment portfolios consisting of marketable equity securities, fixed income securities, convertible securities, arbitrage transactions, reorganizations, liquidations and private placement issues. Additionally, Mr. Schwarz has considerable experience with control investments, going-private transactions and corporate governance matters. He has mounted several proxy contests and has been a successful activist investor on numerous occasions. Mr. Schwarz is chairman of the board of Hallmark Financial Services, Inc., an AMEX-traded P&C insurance company and is a member of the board of directors of the following publicly traded companies: SL Industries, Nashua Corp., Bell Industries, WebFinancial Corp., and Tandycrafts. Mr. Schwarz was previously a member of the board of Aydin Corporation, a NYSE-traded defense electronics manufacturer, from 1998 through 1999. Mr. Schwarz holds a MBA from Southern Methodist University in Dallas and a BBA from the University of Texas at Arlington, where he graduated summa cum laude.

Jeffrey W. Ubben is CEO and CIO of ValueAct Capital. Prior to founding ValueAct Capital in 2000, Mr. Ubben was a Managing Partner at Blum Capital Partners (“Blum”) for more than five years. During his tenure at Blum, the actively managed assets under management grew more than five-fold, from $336 million to approximately $1.8 billion. Previously, Mr. Ubben spent eight years at Fidelity Management and Research where he managed two multi-billion-dollar mutual funds, including the Fidelity Value Fund, and served as a research analyst for a variety of industry sectors. Mr. Ubben is a director of Acxiom Corp., Gartner Group, Inc., Misys, plc, a former chairman and director of Martha Stewart Living Omnimedia, Inc., a former director of Catalina Marketing Corp., Insurance Auto Auctions, Inc., Mentor Corporation, Per-Se Technologies, Inc. and several other public and private companies. In addition, Mr. Ubben serves as chairman of the national board of the Posse Foundation and is on the board of the American Conservatory Theater. He has a B.A. from Duke University and an M.B.A. from the J. L. Kellogg Graduate School of Management at Northwestern University.

Victor Oviedo is a Partner at SkyBridge Capital. He is responsible for sourcing, screening, interviewing, and performing due diligence on prospective investment managers, their portfolios, and their businesses; as well as monitoring the firm’s existing investments. Mr. Oviedo also takes part in the development and implementation of marketing activities and strategic and operational initiatives. Prior to joining SkyBridge in 2006, Mr. Oviedo was a Senior Consultant in the Capital Markets Management Consulting Group at Oliver Wyman, a financial services and strategy risk management consulting firm. In this position, he advised senior executives in investment banking, capital markets, asset management, and strategic issues. He began his career in investment banking at Donaldson Lufkin & Jenrette and has also held positions at Merrill Lynch and Bankers Trust. Mr. Oviedo holds an MBA from The Wharton School, University of Pennsylvania and a Master of Arts degree in International Relations from the School of Advanced International Studies at Johns Hopkins University. He is also a graduate of the Georgetown University School of Foreign Service.

Robert Birnbaum is President, Chief Operating Officer and a Founding Partner (2004) of Third Wave Global Investors, LLC, a global macro specialist with nearly $500 million AUM. Until 2004, Mr. Birnbaum was a member of the Operating Committee of Columbia Management Group and served as Managing Director and Head of Institutional Distribution and Client Service. Previously, as Managing Director and Head of Marketing and Global E-Commerce for Credit Suisse Asset Management (1998–2001), Mr. Birnbaum was named an Impact Player of the Year by Defined Contribution News (an Institutional Investor publication). He was also a member of the Management Committee of Credit Suisse Asset Management-Americas. From 1989 to 1998, Birnbaum held a variety of posts at J.P. Morgan Investment Management, culminating with the titles of Managing Director and Head of Defined Contribution, including systems and client service. He began his career in the investment management business with The Vanguard Group, where he was a Senior Product Manager. Mr. Birnbaum holds an AB from Columbia University and an MBA. in finance (with Distinction) from Wharton.

Barry J. Cohen is a Senior Managing Director of Bear Stearns Asset Management where his responsibilities have included starting up new hedge funds either managed by BSAM or managed independently. Mr. Cohen joined Bear Stearns in 1987 as head of its Risk Arbitrage Department. Prior to joining Bear Stearns in 1987, Mr. Cohen was a risk arbitrageur at First Boston Corporation and a mergers and acquisitions lawyer at Davis Polk & Wardwell. He is a member of the Board of Directors of both the Mt. Sinai Children’s Center Foundation and The Michael J. Fox Foundation for Parkinson's Research. Mr. Cohen also serves on the Board of Advisors to the Harvard Office for the Arts. He graduated summa cum laude from Harvard College and received J.D. and M.B.A. degrees from Harvard Law and Harvard Business Schools, respectively.

Louis C. Gerken, Founder, Chairman and CEO of Gerken Capital Associates (“GCA”), has been active in the alternative investment business since the mid 70’s. The firm’s primary focus is the management of emerging market funds (BRICs). GCA and its Principals have managed and/or advised $4.9 billion in private equity and hedge funds representing 20 different managers.At present, aggregate AUM managed and/or advised exceeds $1.5 billion. Prior to forming GCA, Mr. Gerken was a Managing Director and Group Head of Prudential Securities Technology Investment Banking Division. The group served as advisor to over thirty M&A and corporate finance mandates exceeding $4.5 billion in total financing. Clients included British Telecom, Hong Kong Telecom and Bell South. Earlier, Mr. Gerken was a General Partner to Prudential Securities' four venture capital funds with $336 million under management. As one of the largest VC funds it was responsible for completing fifty IT and bio-tech sector early and expansion stage investments, and was one of the first VC funds to pioneer corporate partnering as a co-investment strategy. Mr. Gerken had board of director and/or portfolio responsibility for Ecogen, Summit Technologies, Boston Scientific, Marquest Medical, Masstron, Visiontech, Crystal Diagnostics, LaPine Technologies, Navtech, Plexus Computers, American Software, and Tridon. Prior to his tenure at Prudential, Mr. Gerken was associated with Montgomery Securities' Venture Capital Funds, and Wells Fargo Capital Markets, where he developed one of the first U.S. fund of funds. Earlier in his career, Mr. Gerken was President of TCG International, a telecommunications consulting engineering practice responsible for the deployment of over sixty international projects. The firm was successfully sold to Price Waterhouse. Prior to that he was a Senior Research Analyst and Portfolio Manager with GT Capital Management, an emerging markets investment management firm and was an Investment Officer and Research Analyst following the technology and financial sectors with the Bank of California. Mr. Gerken is a prior Chairman of the Film Institute of Northern California. He received an MBA from the Southern Methodist University Graduate School of Business, a Masters Degree in International Business from the American Graduate School, and was awarded a Bachelors Degree in Economics from the University of Redlands.

Elizabeth Hilpman joined Barlow Partners on January 1, 2001 as a partner of the firm. She and George Hambrecht are responsible for the selection and monitoring of all investments. During her career, Ms. Hilpman has been at the forefront of investing in alternative investment strategies. For nine years she was at Commonfund serving in the final years as Vice President, Investments with co-responsibility for hedge fund investments. It was in this capacity when Barlow Partners was a manager for Commonfund that Mr. Hambrecht and Ms. Hilpman first met. In 1994, Ms. Hilpman joined Dubin & Swieca as Director of Alternative Manager Research. Subsequently, she returned to the endowment community as an Investment Officer at Dartmouth College. Following 2½ years at Dartmouth, Ms. Hilpman joined Global Asset Management in 1998 as a portfolio manager with responsibility for the U.S. component of GAM Diversity, a $1.1 billion fund-of-funds. She also had responsibility for the management of a $250 million multi-strategy U.S. fund-offunds as well as GAM’s $50 million technology fund-of-funds. Ms. Hilpman graduated with a B.A. from the University of New Hampshire in 1981. She is a frequent speaker at hedge fund conferences on the subjects of asset allocation, manager selection, and monitoring. Ms. Hilpman has been published in Investment Policy as part of their series on the Anatomy of Alternative Investing.

Paul Ruddock is a Founding Limited Partner of the Investment Manager and Chief Executive of Lansdowne Partners Limited and a director and shareholder of Lansdowne Partners International Limited of which Lansdowne Partners Limited is a wholly owned subsidiary. Until he left in July 1998, Mr. Ruddock was, from 1992, Managing Director and Head of the International Department of Schroder & Co. Inc. which he had joined in 1984. As Managing Director, he was responsible for the US equities business in the London, Geneva, Genolier, Paris and Amsterdam offices and was directly responsible for supervising and managing the sales and trading operations of the department trading in equities, options and futures transactions. From 1993, Mr. Ruddock was also a director of the Schroder Securities European Division of Schroders Plc and a director of Schroder Securities Europe Limited and Schroder Securities (Switzerland) Limited. Between 1993 -1995 he was also a member of the executive committee of Schroder Securities Limited, the responsibilities of which included the monitoring and approval of capital employed by the company in its trading and underwriting activities. From 1980 to 1984 Mr. Ruddock was an institutional equity salesman at Goldman Sachs & Co. Mr. Ruddock holds an MA (Hons) and a first class BA (Hons) in Law from Mansfield College, Oxford University. Paul is Chairman of the Victoria & Albert Museum, a trustee of The Samuel Courtauld Trust, a trustee of The Burlington Magazine Foundation and a member of the International Advisory Board of The Walters Art Museum.

Walter Zebrowski has served in senior management roles for several alternative investment funds since 1992, including CIO, COO and CFO/CSA. The funds focused primarily on market neutral strategies (i.e. quantitative, convertible, merger & acquisition arbitrage); utilized technical and quantitative models to analyze and evaluate multiple markets and asset classes, or concentrated on private equity investments and transactions. Within the Fund of Funds arena, Mr. Zebrowski analyzed, evaluated and conducted due diligence on hundreds of investment managers using various investment management strategies in multiple asset classes.

Currently, Mr. Zebrowski serves as CIO of Hedgemony Partners, an alternative investment management and technology development firm focusing primarily upon distress and development stage opportunities within the alternative investment management company arena. The firm employs an activist strategy in managing its portfolio of company investments by having members of the firm serve as senior management for portfolio companies. Hedgemony Partners delivers the infrastructure and support of a Multi-Strategy Hedge Fund and the capital sourcing capabilities of a boutique Investment Bank for Hedge Fund Management companies. The Hedgemony model supplies a Manager with comprehensive institutional infrastructure (people, processes, systems and governance) to secure large allocations and mandates while preserving their independent enterprise value and entrepreneurial spirit.

As an avid speaker and author, Mr. Zebrowski has moderated panels and presented to organizations such as Institutional Investor, IIR/GAIM, MarHedge, Global Association of Risk Professionals and the AICPA. As Chairman of the Regulatory Compliance Association’s CCO University, he oversees the entire Masters of Compliance Degree Program. The CCO University curriculum spans over 28 classes, and 192 hours of course work. The faculty of professors includes many blue chip COOs, CFOs, CCOs, GCs, CROs, attorneys and CPAs, as well as senior members of regulatory authorities.

Henry Wolfgang Carter has been the General Counsel and Chief Compliance Officer for Global Crown Capital, LLC since January 2006. He was recently nominated as the "2008 Compliance Leader of the Year" by Institutional Investor for his efforts and leadership in the field of compliance in the U.S. and U.K. Mr. Carter won the same award in 2007. He is currently a member of the California State Senate Advisory Commission on Cost Control in State Government and a member or previous member of several California State commissions. Prior to joining GCC, Mr. Carter was Vice-President and Chief Compliance Officer for E*TRADE Securities, Inc. and then Assistant General Counsel and Vice-President for E*TRADE Group, Inc. He was responsible for compliance-related matters/issues involving corporate and securities laws and practices from both a domestic and international perspective. During his time at E*TRADE he was part of the pioneering business/regulatory/legal team that developed and led nearly 80 online initial public offerings, including RedHat, VA-Linux and EBay.

Mr. Carter is a pioneer in the field of electronic compliance. He was a driving force in California for legislation signed by Governor Davis in 1999, which permits the use of electronic signatures to establish customer account agreements (SB 1124). He is an expert on Internet strategies and frequently advises the Internet sector on issues of current and future opportunities. Mr. Carter received a BA (cum laude) from Pepperdine University and a JD from Georgetown University Law Center. He is a member of the Bar in New York, Pennsylvania, the District of Columbia and the U.S. Supreme Court and is a member of the U.S. Supreme Court Historical Association, the New York State Bar Association, Washington, D.C. Bar Association and the American Bar Association (Business Law Section). He is the author of several legal publications regarding compliance and electronic communications.

Todd Goldman is a principal based in Rothstein Kass’ Walnut Creek, CA office and oversees operations for the Firm’s Walnut Creek and San Francisco offices. He specializes in serving clients in the investment partnership, investment management and broker-dealer segments of the financial services industry. Mr. Goldman experience includes advising clients on initial hedge fund and broker-dealer organizational structure, supervision of audits and ongoing consultation with management regarding various operational and tax matters. He also advises clients on various regulatory issues impacting the industry. Mr. Goldman is a certified public accountant in California, New York and Texas. Throughout his 20 plus years of experience in public accounting, Mr. Goldman has provided an array of services to hedge funds and broker-dealers. Prior to joining Rothstein Kass, he was a senior manager at PricewaterhouseCoopers, where he led and supervised the West region hedge fund practice. In 2000, Mr. Goldman joined Rothstein Kass as principal to introduce the Firm’s services to the Northern California area by establishing the Walnut Creek office. Since joining Rothstein Kass, Mr. Goldman expanded the Firm’s service area to San Francisco and leads initiatives for the Walnut Creek office. Additionally, Mr. Goldman was instrumental in the development and launch of the Firm’s Dallas and Denver offices. In 2005, he became a key decision maker for the Firm as a member of the internal executive committee. Mr. Goldman is a graduate of the State University of New York (SUNY) at Albany with a B.S. in accounting. He is on the executive board of the San Francisco chapter of Hedge Funds Care and is actively involved with fundraising for the organization. He also serves as the treasurer of Congregation B'nai Tikvah in Walnut Creek. He is a frequent speaker on various securities industry topics including performance reporting issues for investment partnerships. In addition, Mr. Goldman is a co-founder of the Bay Area Hedge Fund Professionals, an organization that promotes industry advocacy and career development for individuals involved with the alternative investment community. He is also a member of the American Institute of Certified Public Accountants (AICPA). Furthermore, Mr. Goldman served as a contributing author of the book titled, Hedge Funds: Definitive Strategies and Techniques published by Wiley Finance.

James A. Burritt joined Thomas H. Lee Capital, LLC in July 2002. Mr. Burritt is responsible for daily management of the Blue Star and Lee Enhanced Offshore hedge fund of funds portfolios. Prior to joining the Firm, Mr. Burritt was a Vice President in Merrill Lynch Investment Managers’ Alternative Strategies Group where he was responsible for hedge fund research and due diligence. From 2000 to 2001, Mr. Burritt was an investment analyst as well as assisted in the development of corporate strategy around alternative investments at XL Capital. From 1997 to 2000, Mr. Burritt was an investment analyst at Trout Trading Management Company. Mr. Burritt earned a Masters in Business Administration from Cornell University in 1997, Bachelor of Science in Civil Engineering as well as a Bachelor of Arts in interdisciplinary studies from Bucknell University in 1992.

Steven C. DeLuca is the Director of Research for Spinner Asset Management(SAM) and a member of its Board of Directors. Mr. DeLuca joined SAM in 2000. From 1995 to 1999, Mr. DeLuca was the Applied Technology research analyst at Robertson Stephens & Co (RSCO). Prior to RSCO, Mr. DeLuca was the Director of Research at Roth Capital Partners (formerly Cruttenden Roth). He is a Chartered Financial Analyst (CFA). Mr. DeLuca earned his MBA from UCLA and graduated from Rutgers University with a degree in Computer Science.

Walther Lovato manages the investment management process for the Energy sector. Previously, Mr. Lovato was an Equity Analyst for ValueVest Management, a $150 million long/short global value fund. In 1997 Mr. Lovato served as a Summer Associate at Goldman Sachs. From 1991–1996 he was a Research Analyst/Institutional Sales at Brown Brothers Harriman & Co. in New York and London. Mr. Lovato received his BA in International Monetary Policy received from Bocconi University (Milan). He went on receive his MBA in 1998 from UC Berkeley Haas School of Business.

Christopher R. Stringer is responsible for private equity manager research, due diligence, selection, and monitoring. Prior to joining Private Advisors, Mr. Stringer was a Vice President at Jefferson Capital Partners, Ltd., a private equity firm focused on late stage growth capital investment opportunities. At Jefferson Capital, Mr. Stringer was responsible for screening new investments, conducting due diligence, structuring new and follow-on investment terms, monitoring existing portfolio company progress, assessing investment exit opportunities, and generating quarterly LP and financial reports. Other previous experience includes work as a Senior Auditor with Arthur Andersen L.L.P. Mr. Stringer earned a B.S. in Accounting, Magna Cum Laude with honors, from Florida State University and an M.B.A. from the Darden Graduate School of Business Administration at the University of Virginia.

Sebastian Stubbe is a founding partner, co-portfolio manager and member of the investment committee of Landmark Value Investments, an alternative investment management firm owned by its partners and the family office of Barry Diller and the von Furstenberg family. Landmark currently manages approximately $500mm in value oriented hedge fund and FOF strategies that apply a private equity approach to the public markets in the US, Europe and Asia. Landmark's funds include the Landmark Select Fund, a deep value “best ideas” hedge fund, as well as Landmark Value Strategies, Landmark Activist Strategies and LVS Global. Previously, Mr. Stubbe was a partner at Baron Advisors, a mergers and acquisitions boutique in New York. He began his career at Smith Barney in New York as a generalist in the Investment Banking Division where he was involved in a range of assignments for clients undertaking public market equity and debt financings, as well as mergers and acquisitions. Subsequently, he was a member of the European Investment Banking group of Salomon Smith Barney in London, focused on cross-border advisory and financing assignments for multi-national corporations. Mr. Stubbe received an MBA from Columbia Business School and a Bachelor of Science from Georgetown University’s School of Foreign Service, where he graduated with concentrations in international relations, law and organization, and international business diplomacy.

Brian Williamson has been in the private equity industry since 1995. To date, he has managed over $750 million in private equity investments and privately negotiated transactions. Prior to joining Oppenheimer in 2005, Mr. Williamson was the President and Chief Operating Officer for The Harbor Group, a private equity backed energy investment, trading and risk management firm in New York. At Harbor he was charged with building an intensive systemic process for private transaction evaluation, due diligence and execution. Mr. Williamson also oversaw the creation, trading and risk management of exotic energy and weather trading products in various world markets. Prior to The Harbor Group, Mr. Williamson was a founding member of Numoda Corporation, a venture backed wireless technology CRO currently serving the drug discovery industry. Mr. Williamson began his career at Arthur Andersen as part of its Tax and Business Advisory Services Practice. While at Andersen he worked with Fortune 500 and FTSE 100 companies (Air Products, Crown Cork and Seal, Armstrong Industries, Smiths Industries and Total) and private equity firms in evaluating investment opportunities and conducting extensive transactional due diligence globally. As a manager at Arthur Andersen, Mr. Williamson led a team selected by the Commonwealth of Pennsylvania’s Governor Ridge to spearhead the state’s internal capital investment review and evaluation process. Mr. Williamson has written and spoken in various national and international venues on understanding risk, risk evaluation and risk management as it relates to private transactions. Mr. Williamson holds a law degree from Widener University School of Law, where he served as law review editor and was a national moot court semi-finalist. He also holds a Bachelor of Science in Accounting from LaSalle University with honors.

Robert Rahbari is co-founder and Managing Director of RAS Capital Management LLC. Mr. Rahbari is primarily responsible for manager due diligence, operational, legal and compliance areas for RAS. He has also appeared at numerous global conferences focusing on Indian markets, spoken on CNBC and other financial news programs, co-authored several articles on Indian markets for global publications, and been widely quoted in the press for his views on India. Prior to RAS, Mr. Rahbari served as Director and Chief Compliance Officer of Ferro Capital LLC, a global fund-of-hedge-funds management firm based in New York. At Ferro Capital, Mr. Rahbari was responsible for the manager due diligence process as well as various legal and compliance matters for the firm and its underlying managers. His prior experience also includes practicing law in the investment management groups of Skadden, Arps, Slate, Meagher & Flom LLP and Weil, Gotshal & Manges LLP, where he specialized in hedge funds, funds-of-funds and other private investment vehicles and their investment managers. Rob received his JD from the University of Chicago in 1996 and his BA in Economics (Honors) from the University of Michigan in 1993.

Dr. Arnab Banerji heads the Emerging Markets group within Lansdowne Partners Ltd, one of the leading hedge funds in Europe and is a partner of the firm. From 2002 – 2005 Dr. Banerji worked as the British Prime Minister’s Senior Policy Advisor on Economic Affairs. The main policy areas in which Dr. Banerji was involved in included the Financial Sector, Trade & Regulation and International Development. He was also a member of the China Task Force responsible for developing closer ties with Beijing. Dr. Banerji is a non-executive Director of CDC (formerly known as the Commonwealth Development Corporation). CDC’s mandate is to make private equity investments across the developing world and operates in over 100 emerging markets. He served as a member of the Morgan Stanley Capital International Index Advisory Council from 1999-2002. Dr. Banerji worked with the Foreign & Colonial Group from 1993 to 2002 where he was Investment Chairman and Chief Investment Officer. At the time of his departure, the group had over $100 billion invested in equity and debt. Dr. Banerji had responsibility for all investment management activities including the investment process, policy decision-making and asset allocation throughout the developed and emerging markets. He managed a team of over 200 investment professionals based in seven countries. Prior to joining the Foreign & Colonial Group, Dr. Banerji was a Vice President at Citicorp Investment Management. Dr. Banerji has degrees in medicine and human physiology from Oxford University and the Primary Fellowship of the Royal College of Surgeons (Edinburgh).

Ian Hague co-founded Firebird in 1994 and is a lead manager of Firebird Fund, Firebird New Russia Fund, Firebird Republics Fund and Firebird Avrora Fund. Mr. Hague is a recognized expert on Russia who has published and lectured frequently. Mr. Hague graduated from Wesleyan University in Russian Language and Literature, has a Masters in international Policy Studies from the Monterey Institute of International Studies and did graduate work at Columbia University’s Harriman Institute. Mr. Hague serves on the boards of the Bank of Georgia (BGEO-LSE), SDM Bank (Moscow) and Global Gold (GBGD-NYSE). He speaks Russian and French.

Carlos Hernandez Isava is Associate Portfolio Manager GCA Latam Fund. Mr. Hernandez Isava has sixteen years of experience in Portfolio Management and Proprietary Trading. Prior to GCA he worked at TotalBank Banco Comercial (now +BFC BancoFondoComun) as Portfolio Manager and Trader where he covered G7 and Latam markets. He started his career at J.D. Cordero Casa de Bolsa as a Broker Assistant in the Caracas Stock Exchange pit. Mr. Hernandez Isava is an Economist, holds an MBA from the University of Southern California in Los Angeles, CA. and graduate degree in International Finance from Universidad Metropolitana in Caracas, Venezuela.

Vik Mehrotra is the founder and CEO of Venus Capital. Mr. Mehrotra has been in the investment arena, managing money and actively investing in India and Asia since 1989. Mr. Mehrotra founded Venus Capital in 1994 as a wealth management firm and gradually transitioned its focus to Asia. He currently manages the award winning Venus Arbitrage Fund and the Venus Special Situations Fund.Venus Arbitrage Fund has won the 2007 HFMWeek Award for "Best Relative Value Fund" and the 2005 and 2004 Asia Hedge Award for "Best Market Neutral Fund". Along with Mr. Mehrotra’s successful public market investing, he has made several successful private equity investments in India including India's largest art auction house. Due to the volatility seen in the last two bear markets, Mr. Mehrotra focuses on strategies where volatility can be controlled.

Ed Rogers is CEO of Tokyo headquartered Rogers Investment Advisors. RIA advises on the Wolver Hill Japan Multi-Strategy Funds that invest solely in Japanese Hedge Funds. The Wolver Hill Japan Fund II was the best performing Japan-only fund of hedge funds in the 2007 Eurekahedge League Tables in the categories of Return, Standard Deviation and Drawdown. Mr. Rogers was head of Prime Services sales for Deutsche Bank in Tokyo

and a member of the DB Tokyo Equities Management committee prior to opening RIA in 2006. Before joining DB Mr. Rogers was a proprietary structured products trader at Merrill Lynch in London. Mr. Rogers Asian career began in 1987 when he was awarded a Princeton in Asia Fellowship. Mr. Rogers worked in Tokyo for two years at NKK, formerly the second largest steel company in Japan, followed by eight years at MW Marshalls in Tokyo and

Hong Kong working in currency forward swap trading. Mr. Rogers received a BA from Princeton University and an MBA from Georgetown University.

Bradley Rotter has had his entire portfolio in alternative assets from the beginning. He began speculating in commodities as young man while raising them on a farm in Iowa, a small state in the Midwest. Having traded bonds on Wall Street and commodities on all three exchanges in Chicago, he began investing his excess trading funds with some of the many risk takers he had come to know. This was 1982, and Mr. Rotter became a pioneer in the now burgeoning asset class called Hedge Funds and was the first investor in scores of money management boutiques. Mr. Rotter has been a pathfinder in a plethora of alternative asset classes around the globe, which span from oil tankers to satellites. Mr. Rotter was awarded the Private Deal of the Year Award by Investors Dealer's Digest for an innovative structured finance transaction. Mr. Rotter focuses his energy and capital where can make impact and is focused on Homeland Security. He currently serves a Chairman of AirPatrol Corporation which is a wireless security “skunk” works. He serves on numerous private and public company Boards of Directors. Mr. Rotter completed his undergraduate education at West Point and received his MBA from University of Chicago and currently resides in San Francisco.

Thomas H. Lee is President of Thomas H. Lee Capital and has been involved in the management of private equity investments directly or through funds since 1974. Since 1999 he has also directed a series of hedge fund investments through Blue Star, LLC. From 1966 through 1974, Mr. Lee was with First National Bank of Boston where he directed the bank’s high technology lending group from 1968 to 1974 and became a Vice President in 1973. Prior to 1966, Mr. Lee was a securities analyst in the institutional research department of L.F. Rothschild in New York. Mr. Lee has served as a Director of numerous public and private corporations including General Nutrition Companies, Metris Companies, Inc., Playtex Products, Inc., Snapple Beverage Corp., Vail Resorts, Inc., Warner Music Group and Wyndham International, Inc. In addition, Mr. Lee is a Member of the JP Morgan National Advisory Board. Mr. Lee is currently a Trustee of The Intrepid Museum Foundation, Lincoln Center for the Performing Arts, The Museum of Modern Art, NYU Medical Center, The Rockefeller University, and Whitney Museum of American Art among other civic and charitable organizations. He also serves on the Executive Committee for Harvard University's Committee on University Resources. Mr. Lee is a 1965 graduate of Harvard College.

Jonathan Miles is a research consultant within the U.S. Manager Research Division of Mercer Investment Consulting, Inc. Mr. Miles has national responsibility for primary research on single strategy hedge funds. Mr. Miles has over ten years of investment related experience. Prior to joining Mercer, Mr. Miles worked at Precision Investment Software as Managing Director of Product Development. There he was responsible for developing features and content for Alphacution, a financial research management system. Before joining Precision, Mr. Miles worked at Ritchie Capital Management in two different roles: first helping build and manage the firm's convertible bond arbitrage capabilities, and then as a research analyst on the distressed debt desk. Mr. Miles earned a BS from the University of Illinois Chicago, concentrated in Finance with graduate studies in time series analysis, and a MBA in Finance from W.P. Carey School of Business at Arizona State University. Mr. Miles is a Chartered Financial Analyst and a member of the CFA Society of Chicago and the CFA Institute.

Eamonn Dolan, CFA, is Chief Investment Officer and Managing Director of C.M. Capital (CMC) and C.M. Capital Management (CMCM), private investment firms located in Palo Alto, CA. Together, these firms advise on well over $1.5 billion in diversified portfolios, with an emphasis on alternative investments. Mr. Dolan’s primary responsibilities include asset allocation, strategy formulation, portfolio management, manager selection, process design, and management of the firm’s investment team. Prior to CMC, he was Chief Investment Officer of Dresdner RCM’s $19 billion global fixed income division. He was a partner of the firm and served on the Executive Committee. Earlier in his career, Mr. Dolan was a Vice President and Portfolio Manager at PIMCO. In addition to managing international and US portfolios, he created and managed Stocks-Plus, PIMCO’s synthetic equity product. Mr. Dolan serves as a trustee and investment committee member of the UC Davis Foundation. He earned his BS in Managerial Economics from U.C. Davis, with Highest Honors. He earned his Master's in Management from MIT, with a concentration in finance.

Christopher Jackson is President of SFG Asset Advisors and portfolio manager of the fund of funds. SFG Asset Advisors is a Family Office asset management company based in San Francisco and founded in 2002. Mr. Jackson has been in asset management since 1991. Prior to working at a SFGAA, helped build and manage three different investment management firms. From 1999 to 2002, Mr. Jackson was a partner and the COO of Barbary Coast Capital Management where he managed all non -investment operations. In 1998 Mr. Jackson helped co-found Hoover Capital Management, managing the growth and development of the firm. Prior to that Mr. Jackson worked at Emerging Growth Management where he was in charge of marketing and assisted client service. Mr. Jackson received a BA in economics from Lehigh University in 1990 and passed level I of the CFA program.

Jeremy Tennenbaum is a senior managing director and co-head of Arlon Asset Management. Mr. Tennenbaum joined Arlon (formerly ContiInvestments) in 2005. Mr. Tennenbaum was EVP, business development and strategic planning, at Seagate Technology from the company’s privatization in 2000 through 2004. He was responsible for corporate development, venture capital, new business intitiatives, and strategic planning. Before Seagate, he was a VP at Wellington Management Company for nine years. Mr. Tennenbaum was a senior analyst and portfolio manager covering the global automotive, capital goods, and multi-industry sectors. He had previously been a VP at Salomon Brothers Inc. Mr. Tennenbaum has an MBA in finance from M.I.T.'s Sloan School of Management and a BA in politics and history from Princeton University.

Douglas J Williams is the Retirement Administer for Oakland County. The retirement systems have $1.3 billion under management including a Defined Benefit plan, a Defined Contribution Plan, and a Retiree Health Care Plan. Mr. Williams’ area of responsibility includes hiring of managers, performance measurement, asset allocation, and retirement health care. Mr. Williams was previously Deputy County Executive for the County of Oakland. His areas of responsibility included Management and Budget Division which is made up of Accounting, Budgeting, and Equalization; the Health and Human Services Division which is made up of Health, Medical Care Facility, and Children’s Village; Human Resources as well as other divisions of County government. These divisions have over 1,500 employees and a combined budget exceeding $200million. Mr. Williams held the position of Chief Deputy Treasurer for the County of Oakland for 20 years. His areas of responsibility included Cash Management, Debt Financing, Employees’ Retirement System and the Deferred Compensation Plan. These operations covered over $1 billion in value. Mr. Williams was also employed by the State of Michigan, Local Audit Division as a District Audit Supervisor. Mr. Williams is an active member of the American Institute of Certified Public Accountants, the Michigan Association of Certified Public Accountants, the National Conference on Public Employee Retirement System (former Executive Board Member), and the Michigan Association of Public Employee Retirement System (former Secretary/Treasurer). Mr. Williams is a graduate of Ferris State University with a Bachelor of Science degree in Accounting and is a Certified Public Accountant.

John Trammell works together with Stuart Leaf, Cadogan’s Chief Executive Officer, to manage and oversee the firm’s business. Mr. Trammell joined Cadogan in September 2007, bringing with him a global perspective from his diverse experiences in investing, institutional sales, operations and research. Prior to joining Cadogan, he spent seven years at Investor Select Advisors, an independent fund of funds. Most recently, Mr. Trammell served as Chief Executive Officer of Investor Select Advisors, overseeing the strategic planning and day-to-day business functions, including linking together the research, sales, administrative and legal aspects of the company. He helped to build up the global institutional business initiative, specifically with Japanese and other large global institutions and distributors. Mr. Trammell joined Investor Select Advisors from Argonaut Capital Management in New York, where he was Chief Operating Officer. Prior to Argonaut, he held several management positions with A. Gary Shilling and Co., a New Jersey-based economic consulting and investment advisory firm, and was a Managing Partner with Securities Research Inc., a securities brokerage firm. Mr. Trammell began his career with the Hudson Institute, a New York-based think tank, where he served as a primary economic research assistant to Herman Kahn, a noted strategist. Mr. Trammell received a BA in History and Economics from DePauw University and studied at Waseda University in Tokyo, Japan.

Eric D. Gordon joined Gordon Asset Management as an Analyst in 1999 and currently serves as the Chief Investment Officer and leads the Firm's Investment Committee. Mr. Gordon is a former employee of Lehman Brothers Inc. where he worked in institutional fixed income sales and trading. At Lehman, Mr. Gordon was part of the Regional Institutional Sales Group trading a myriad of fixed income instruments with hedge funds, mutual funds, insurance companies, and registered investment advisors. He has a significant amount of experience analyzing, investing, and evaluating hedge funds, investment managers, and trading strategies. Mr. Gordon has so-authored several educational articles and has been a speaker on the topic of manager selection at leading industry conferences. Mr. Gordon has been featured in financial media, including Securities Investment News, Alternative Investment News, and CNBC. He received a BA from Tulane University and an MBA from Fordham University.

Marcel Herbst is an Executive Director of the Harcourt Group and Managing Director / CCO of Harcourt Alternative Investments (US) LLC. He joined Harcourt in March, 2002. He relocated to New York in 2007 to head US business development activities. Mr. Herbst’s past experience includes Corporate Finance and M&A for Enron Broadband Investments in London (an independent US $200 million venture capital subsidiary of Enron). Prior to that, Mr. Herbst was Director of Strategic Business Development for ComTelco, a US/German High Tech firm that successfully went public in 2000. Mr. Herbst started his career 1997 in the Business Development department of Atlas, a financial services firm in New York. Mr. Herbst graduated from the University of St. Gallen (Switzerland) with a masters degree in Economics, and is currently finalizing his PhD in Economics with the same University.

Stan Kowalewski serves as Managing Director and is responsible for the entire Fund of Funds Group at Columbia Partners Investment Management. He oversees portfolio management, research and asset allocation in this area. Columbia Partners was formed in 1995 and has over $3 Billion in assets under management. Prior to joining Columbia Partners in 2005, Mr. Kowalewski served as a Managing Director at Global Asset Alternatives LLC from 2004 to 2005 after he sold his company, Phoenix Advisers, Inc. to Global Asset in early 2004. From 1995 to 2004, Mr. Kowalewski served as Chief Executive Officer and Chief Investment Officer of Phoenix Advisers, Inc. in Greensboro, North Carolina. He began his hedge fund career as an Investment Analyst for Waterfront International, a division of Trout Trading Company, in Toronto, Ontario. Mr. Kowalewski has a BA degree from Dartmouth College and has been a frequent speaker at hedge fund conferences around the globe.

Erinch R. Ozada is the Chief Investment Officer and CEO of Archery Capital, which he founded in 1996. Mr. Ozada has over 22 years of investment and financial experience, having worked in virtually every aspect of today’s modern capital markets, including advising family groups and institutional clients on asset allocation, portfolio construction, and risk management. Currently, in his role as Chief Investment Officer, Mr. Ozada is responsible for managing the overall tactical exposure and manager selection process for the hedge fund of funds managed by Archery Capital, each of which is an alpha-strategic fund focused on investing in seasoned emerging long/short managers with solid track records. Prior to founding Archery Capital in 1996, Mr. Ozada was a Vice President in the Private Wealth Management Division of Goldman, Sachs & Co., New York, which he joined in 1984. At Goldman, he advised clients on asset allocation and portfolio management. He managed pools of assets (approximating $1 billion) for high net worth individuals, family offices and institutions in diverse locations such as Europe, Latin America, Asia, and the Middle East. During his tenure at Goldman, Mr. Ozada developed a disciplined approach to investing by implementing customized risk-adjusted performance review procedures. Mr. Ozada received his M.B.A. from Columbia University Graduate School of Business with Honors, where he concentrated on International Finance. He received his undergraduate degree magna cum laude from Hamilton College in Economics and Political Science.