Philip Simotas is president and director of investment management at FX Concepts, a New York-based firm that manages more than $12 billion in absolute return and currency overlay programs for institutional clients worldwide.

Simotas, who joined FX Concepts in 1993, heads up all aspects of FX Concepts' investment management activities, including trading, portfolio administration, client servicing, investment research functions and marketing. He is also chairman of the product development committee, which is responsible for directing the firm's research efforts with respect to enhancing and creating new trading strategies.

From 1987 to 1993, Simotas served as assistant vice president and senior trader on Dean Witter's foreign exchange desk; he also held the position of deputy chief of the foreign exchange department. He began his career in derivatives at Dean Witter in 1986, when he served as a foreign exchange strategist.

Simotas is a cum laude graduate of Yale University.

John Murray is chairman of Current Capital Management LLC, a newly formed hedge fund management firm based in Princeton, New Jersey. From 1996 until 2000, he was a senior portfolio manager for Goldman Sachs Asset Management, where he managed fixed-income and currency hedge funds.

Prior to joining Goldman Sachs, Murray was a vice president and proprietary fixed-income trader for CS First Boston Corp. Before coming to Wall Street in 1985, he was a research physicist at the European Organization for Nuclear Research (CERN) in Geneva.

Murray writes frequently as a guest columnist for The Financial Times, The Bank Credit Analyst and Barron's.

As a member of Tremont's investment management department and the investment committee, Aleksander Weiler is responsible for strategy research and asset allocation recommendations across the entire investment platform. This involves assessing and making recommendations on market developments and their implications for the risk-reward profile of the various hedge fund strategies.

Previously at Tremont, Weiler was a portfolio manager and an analyst specializing in multi-strategy, convertible arbitrage, equity market neutral and managed futures hedge fund managers. Prior to joining Tremont, Weiler worked for TD Securities as a eurobond trader and at RBC Capital Markets in Toronto. He also served as an economist and a research associate at Loewen, Ondaatje, McCutcheon Ltd, and as an accountant in the offshore hedge fund division of State Street Fund Services.

Weiler is a Chartered Financial Analyst and holds a BA in economics and history at Queen's University in Kingston. He has completed his Series 7 and 63 licensing requirements.

Michael Liberman is a managing principal, head of quantitative strategies and chief technology officer of BlueMountain Capital Management, a New York-based hedge fund focused on credit derivatives that oversees more than $2.8 billion in assets under management.

Until 2004, Liberman was a managing director and global head of interest rate product strategies at Goldman Sachs, with responsibility for pricing and risk analytics and technology, quantitative research and market strategies. Prior to joining Goldman Sachs, he spent six years at JP Morgan, where he held a number of senior derivatives technology positions including global head of rates derivatives technology and North American head of rates derivatives technology and where he was a lead developer of derivatives pricing and risk management systems. Earlier in his career, Liberman was a consultant and lead systems developer for Citibank (1993-1995), at Versant Object Technology (1990-1993) and at NEC America (1987-1990).

From 1985 to 1987 he attended the University of California at Berkeley, where he continued graduate studies in mathematics. Liberman holds two degrees from Brandeis University: a BA with highest honors and an MA in Mathematics.

Matthew Andresen is president of Citadel Execution Services, an affiliate of Citadel Investment Group LLC. Citadel manages more than $12 billion from its headquarters in Chicago and offices in San Francisco, New York, London and Tokyo. Andresen served on the board of directors of Lava Trading, a New York-based trading technology company, until its recent sale to Citigroup.

Prior to joining Citadel in 2004, Andresen was president and CEO of Island ECN, the largest electronic stock market in the US. As one of the first three employees at Island, he was responsible for all strategic and operational decisions at Island. Under his leadership, Island achieved numerous successes, including executing 25% of Nasdaq trades and becoming the largest marketplace for ETFs. In June 2002, Andresen effected the sale of Island to its largest competitor, Instinet, in a transaction valued at $568 million. After the merger, Andresen assumed the duties of chief operating officer for the combined ECN.

Andresen has appeared as an expert before many Congressional committees on financial markets and technology. He holds a BA in economics and political science from Duke University. A former world-class fencer, Andresen was a national champion, a four-time All-American, a member of the US National Fencing Team, and an alternate for the 1996 US Olympic Team.

Brett Redfearn is a senior managing director at Bear Stearns in the institutional equities division focusing on market structure strategy. In that role, Redfearn examines how new technologies, regulations and business trends are changing the equity trading business. Much of his current focus relates to the implications of Regulation NMS, the New York Stock Exchange's Hybrid market proposal, and the mergers of NYSE/ArcaEx and Nasdaq/INET.

Prior to Bear Stearns, Redfearn was at the American Stock Exchange, where he was senior vice president of business strategy & equity order flow. Brett's department ran the Amex's equity transactions business and, as such, oversaw the Amex's efforts in relationship management (with buy- and sell-side trading desks), competitive research and strategic initiatives. Redfearn's latest focus at the Amex was trying to help the exchange revamp its technology platform and business offering to better compete in an electronic trading environment.

Redfearn is a regular speaker at industry events and a member of the Security Traders Association. He received his MA from the New School for Social Research in New York and his BA from The Evergreen State College in Olympia, Washington.

Timothy P. Selby is a partner in the financial services and products group at Alston & Bird. His practice focuses on advising clients with respect to the structure, formation, and management of publicly and privately offered commodity pools, domestic and offshore hedge funds, funds of funds, and private equity funds.

Selby regularly advises clients with respect to compliance with the Commodity Exchange Act, Investment Advisers Act of 1940, exemptions from the Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, CFTC and SEC regulations, and NFA and NASD rules. Selby also advises investment managers in connection with mergers and acquisitions and the sale of equity interests.

Selby is licensed as a CPA and is a member of the government relations committee of the Managed Funds Association.

Josh Galper formed Vodia Group in 2005 as managing principal, after six years as a manager and consultant in institutional financial services. His expertise centers on corporate development for financial services and financial technology firms, including mergers, acquisitions, new business development and strategic partnerships.

Galper previously worked with Merrill Lynch, Sanford C. Bernstein and TABB Group as a specialist in market structure and electronic trading, a trading manager and a consultant. He has written major reports on hedge funds, quantitative trading and government regulation in financial services. He has been quoted in national and industry publications including MARHedge, Forbes, Investment Dealers' Digest and Securities Industry News.

Galper holds an MBA from the MIT Sloan School of Management.

Emmett Harty is a portfolio manager and president of Zebra Capital Management. He is responsible for the trading, operations and marketing activities of Zebra Capital and has served in this capacity since 2001.

Harty has 34 years of experience encompassing sales and trading, new product development and marketing, and founding and operating his own broker/dealer. He served in these roles at various Wall Street firms including Smith Barney and Alex. Brown, where he was head of the Americus Trust department, and equity hybrid capital markets business.

Harty formed his own broker/dealer, Parallax Group Inc in 1991, a firm specializing in research, sales and trading of equity hybrid securities (convertibles and equity-linked securities). Cantor Fitzgerald bought Parallax in July 1996. He continued as managing director of the Parallax Division in charge of research, sales and trading until the end of 1999.

Harty received his BSc from the University of Windsor, Windsor, Ontario in 1968. He is a CFA charter holder and a member of the New York Society of Security Analysts.

Derek Morris is senior vice president for program trading business development at BNY Brokerage Inc, a leading institutional agency brokerage firm. He joined the firm in January 2004 as a product sales specialist for BNY Brokerage's institutional program trading business.

Morris has been in the securities industry for 18 years and is familiar with all aspects of electronic and program trading. Prior to joining BNY Brokerage, he was senior vice president and director of marketing and sales for institutional products, including program trading, for Automated Trading Desk LLC (ATD), which developed trading models and systems to automate market making and proprietary limit order trading. At ATD, he launched a Guaranteed VWAP product for buy- and sell-side clients.

Prior to ATD, Morris worked at Instinet Corp for seven years, where he managed Instinet's key sell-side clients. His previous experience included US marketing and national accounts management for PC Quote, institutional sales for Lynch, Jones and Ryan and block trading for Drexel Burnham Lambert's New York institutional equity desk.

Morris received his bachelor's degree from Wesleyan University.

Steve Wilson is a portfolio manager and trader at Context Capital Management. Focused on convertible arbitrage, Context Capital manages approximately $290 million in assets through domestic and offshore funds, both of which were launched in 2002.

Wilson has 11 years of experience in the convertible bond arbitrage arena.

In addition to founding and managing the proprietary convertible bond arbitrage desk at Credit Lyonnais Securities, Wilson worked at CIBC World Markets as director of proprietary trading for the convertible bond and risk arbitrage sesks. Wilson also spent four years at Cantor Fitzgerald, where he was instrumental in building Cantor's successful convertible bond broker-dealer desk. Before embarking on his career in convertibles, Wilson worked at Deloitte & Touche as an accountant in the high-net-worth area.

Wilson received a BS in finance in 1989, an MBA in accounting and an MS in taxation in 1991, all from Fordham University. He is a Certified Public Accountant and a Chartered Financial Analyst.

Peter Borish is the chief executive of Twinfields Capital Management, a Greenwich -based hedge fund primarily focused on fixed income. Borish is also chairman of the board of directors of OneChicago LLC, the security futures exchange.

Prior to Twinfields, Borish formed Computer Trading Corp (CTC) to manage assets in the futures markets using trading and risk management models that he created. From 1986 to 1994, Borish led a team of researchers, traders and systems developers at Tudor Investment Corp. From 1982 to 1985, he monitored foreign exchange futures and options at the Federal Reserve Bank of New York.

Borish is a founding member of the board of directors of the Robin Hood Foundation and Math for American Foundation. He is also a member of the Youth Board of the New York City Department of Youth and Community Development. He is a special advisor to the board of directors of the Chicago Board of Trade and is the chairman of the Institute for Financial Markets, a not-for-profit, educational institute. He was a member of the Presidential Task Force on Market Mechanisms (“The Brady Commission”) that studied the stock market decline of October 1987.

Borish holds a master's degree in Public Policy from the Gerald R. Ford School for Public Policy Studies at the University of Michigan and a BA in economics from the same university.

Jeff Brown is currently vice president of electronic trading at Fidelity Investments, where he specializes in algorithmic trading systems, market data analysis, and financial engineering and optimization.

Prior to Fidelity, he worked at UNX, a financial software firm, where he focused on strategic product design, automated trading, high-frequency order book data and transaction cost analytics. Throughout his career in financial services, he has been an active industry participant on issues related to equity market structure, market data and financial technology.

Brown is a 1997 graduate of the Wharton School of the University of Pennsylvania and a Chartered Financial Analyst.

Matt Celebuski is a senior managing director at Bear Stearns & Co and product manager for Equity Analytics and Systematic Trading (EAST), which provides algorithms, pre-/concurrent/post-trade analytics, trading systems and research to Bear Stearns trading desks and clients.

Prior to Joining Bear Stearns, Celebuski was a managing director at JPMorgan, where he ran several business units including portfolio trading, risk trading, transition management and algorithmic development. At Merrill Lynch, Celebuski held a similar position running proprietary trading, risk trading and transition management. In his career he has worked at a hedge fund, in derivative research, and conducted domestic and international derivatives trading.

Celebuski is an editor of the Journal of Alternative Investments, a board member of the Center for International Securities and Derivative Markets (CISDM), and sits on several boards of the Chartered Alternative Investment Analyst Program.

Dr. Thomas L. Corwin is chief scientific officer of Ramsey Quantitative Systems Inc, a $900 million quantitative multi-product hedge fund based in Louisville. In this capacity, he leads RQSI's research group and is responsible for all quantitative research. Corwin has designed and documented numerous trading algorithms for RQSI in the general categories of pairs analysis, asset pricing in incomplete markets, and cyclic basket trading; he also serves on RQSI's senior leadership team. Corwin joined the firm in 2003.

Previously, Corwin founded Metron Inc, in 1982, to provide advanced scientific solutions to commercial and governmental clients. He still serves on Metron's board and functions as its chairman.

Prior to forming Metron, Corwin was VP of Daniel H. Wagner Associates, where he was responsible for coordinating the activities of analysts and computer programmers Navy-wide in developing computer-assisted search programs to automate Anti-Submarine Warfare search planning. For his military work, Corwin received numerous awards and commendations, including a commendation from Commander, Submarine Group 3, and the Secretary of the Navy's Distinguished Public Service Award. These awards recognized his contributions to computer-based decision aids for Commander Submarine Forces, US Pacific Fleet, and his service on-site with the US Navy during various operations, including the clearance of the Suez Canal of mines and ordnance after the Yom Kippur War.

Corwin has published numerous papers in mathematical statistics and contributed to two books on search theory and Bayesian analysis. He taught in the mathematical sciences department of Johns Hopkins University prior to starting Metron.

Thomas Atwood is chief executive officer and equity portfolio manager at Boston-based Whitebridge Management Co, which he founded in January 2005 after nearly a decade at Wellington Management Co.

From 1998 to 2004, Atwood was a vice president in Wellington's global industry research department and a member of the firm's research equity portfolio management team. Previously, Atwood served as a senior benchmark analyst at Wellington, researching and analyzing equity market indices. In addition to his time at Wellington, Atwood also worked at Putnam Investments and Bankers Trust Co, and was a participant in the Financial Management Program at Lockheed Corp's Sanders Electronics business unit.

Atwood received a BS in economics-finance from Bentley College, an MS in finance from Boston College, and an MBA in finance from the Wharton School of the University of Pennsylvania. He is a CFA charter holder, as well as a member of the CFA Institute and the Boston Security Analysts Society.

Robert Cavallaro recently founded Smithtown Capital LLC after a 16-year career at the CooperNeff Group, a global proprietary trading and hedge fund manager owned by BNP Paribas. At CooperNeff, Cavallaro was most recently a senior managing director overseeing all aspects of the quantitative equity strategies product line. Previously, Cavallaro was the firm's global director of active portfolio strategies and has experience trading in the US, European and Asian equity and equity index derivative markets.

During his tenure, CooperNeff grew from a local Philadelphia firm managing a $20 million position to a company with a global scope and portfolio assets in excess of $10 billion; daily global trading volumes often exceeded $1 billion. Cavallaro has also served on the board of managers of Archipelago, a leading U.S. stock exchange.

Cavallaro began his career at CooperNeff trading currency options, and before that was a credit analyst at the Dun & Bradstreet Corp. He holds an MBA in finance from the University of Pennsylvania's Wharton School, where he graduated with the highest honors. He also holds a BA in economics from Western Maryland College.

Joshua Feuerman is the President and CIO of Btn Partners LLC, a Stamford, CT-based quantitative market neutral hedge fund.

Prior to launching Btn Partners, Feuerman was vice chairman of the investment committee and head of global quantitative equities at Deutsche Asset Management in New York. At Deutsche, Feuerman was responsible for the creation and development of a quantitative equities platform that grew from $25 million to almost $2.5 billion under management in just over one year.

Feuerman's team was responsible for a wide array of products, including long-only institutional and retail funds in domestic (large cap and small cap) and international equity markets, as well as a $100 million quantitative market-neutral hedge fund.

Prior to joining Deutsche, Feuerman was head of international quantitative equities at State Street Global Advisors in Boston. He led a team of 15 investment professionals responsible for more than $6 billion in assets.

Robert G. Marcellus, President, Chief Executive Officer and Chief Portfolio Strategist founded Richmond Group Fund Co., Ltd. in June 2001. Mr. Marcellus oversees the firm's research, trading and day to day business operations. Prior to forming Richmond Group Fund Co., Ltd., Mr. Marcellus was a proprietary trader and conducted research activities for Richmond Commodities Corporation which Mr. Marcellus founded in October 1996. Richmond Commodities Corporation was also registered with the CFTC and NFA as a Guaranteed Introducing Broker of L.I.T./First Options of Chicago (Linn Group), with Mr. Marcellus registered as an associated person and principal from October 1996 until January 1998.

Mr. Marcellus began trading for his own account in 1987 while in school and has been registered in the industry since 1988. He has spent a considerable amount of time in his career as a Proprietary Trader for both institutional level trading firms as well as his own company.

Richmond Group Fund Co., Ltd. successfully trades, for its global institutional client base, four unique trading programs; including the Global Currency Program, Global Diversified Program, Global Commodity Program and short-term FX Momentum Program and manages assets in excess of $135 million.