Susan Barreto
Deputy Editor
InvestHedge

Based in Chicago, Susan joined InvestHedge in September 2006 from Lipper HedgeWorld where she covered all aspects of the hedge fund industry since 2000. Much of her time at HedgeWorld was spent covering the increasing interest of institutional investors in hedge funds and the impact of institutionalization on the hedge fund industry. Before that Susan began her finance writing career as a reporter at Pensions & Investments writing about healthcare investment funds, investment technology, fixed-income strategies, stock market trends and pension fund mandates. Susan's work has also appeared in Investment Advisor, The Deal, Worth.com, Plan Sponsor.com, Investment News and Crain's Chicago Business and Crain's Cleveland Business.

 

Richard Charlton
Chairman & Chief Executive Officer
New England Pension Consultants

Dick's investment experience dates back to 1972 when he initiated Michigan Bell’s Pension Oversight District in anticipation of the requirements of ERISA. Dick also prepared risk, return and capital structure regulatory testimony, and wrote his master's seminar on pension fund performance evaluation. He was elected Assistant Treasurer in February 1976, overseeing the financial modeling, market research, corporate economics, pension, and math research districts.

After an assignment at AT&T, Dick joined Merrill Lynch Capital Markets in 1981, assuming the investment consulting responsibility for over $25 billion in assets. With Merrill Lynch's decision to leave the institutional investment consulting market at the end of 1985, Dick formed his own firm, New England Pension Consultants, converting 100% of his clients in this process. During the ensuing 24 years, NEPC has become one of the ten largest investment consulting firms in the industry, earning wide acclaim for its superior client ratings in national independent surveys, its unconflicted revenue model and its ability to add value to client investment programs.

NEPC was recently honored as the recipient of PLANSPONSOR Magazine’s prestigious ALTIES Award as the 2008 Alternative Asset Consultant of the Year. Additionally, two of our clients, The State of South Carolina and San Jose County, were recognized Money Market Letter’s 2008 Large Public Fund of the Year Mid-Size Public Fund of the Year, respectively.

NEPC currently services 279 full retainer relationships with over $330 billion in overall assets and $50 billion alternatives.

Dick is a frequent speaker at national industry conferences and seminars. He served as the Co-Chairman of the Consultant's Performance Presentation Standards Task Force, a two-year effort by the investment consulting industry to develop standards for performance documentation, presentation and disclosure.

Dick’s undergraduate degree is in Mechanical Engineering from the University of Detroit (1965) and his M.B.A., with emphasis in Statistics and Finance, is from Wayne State University (1972). He is also a past director of IMCA, the Investment Management Consultants’ Association.

 

Amy Chen 
Director-Investments
Smithsonian Institution

Amy Chen joined the Smithsonian Institution as the Director of Investments in October 2006 and was appointed Chief Investment Officer in February 2008. She oversees the management of Institution’s $940 million endowment (as of March 31, 2010) working closely with the Smithsonian Investment Committee, a Board of Regents committee, providing oversight of the Endowment. The position was created after the Smithsonian restructured its endowment investment portfolio at the end of 2005 with the addition of alternative investments. The Endowment provides one third of the Institution’s unrestricted budget. Ms. Chen is also responsible for the management of the short-term investment fund.

Previously, she served for nine years at the Doris Duke Charitable Foundation in New York, first as the Assistant Treasurer and then as the Portfolio Manager in 2003. Ms. Chen was instrumental in developing the portfolio from scratch, starting with $1.1 billion principally in bonds to a complex portfolio of over $1.8 billion in assets upon her departure. Prior to her tenure at the foundation, she was the Director of Finance and Administration for the New Museum for Contemporary Art in New York and the controller at Great Pacific Capital. Ms. Chen has had over 25 years of executive and financial management experience. In addition, she is an award-winning documentary filmmaker. She is a member of the Board of Trustees at Oberlin College.

Education: MBA, Cornell University; B.A. Oberlin College

 

Neil A. Chriss
Chief Executive Officer
Hutchin Hill Capital

Mr. Chriss is the Founder and CIO of Hutchin Hill, a global multi-disciplinary investment firm. Mr. Chriss is responsible for strategy selection, capital allocation and risk management as well as overseeing the growth of Hutchin Hill's business and operational infrastructure. Prior to founding Hutchin Hill in October 2007, Mr. Chriss was a Managing Director and served on the Operating Committee at SAC Capital Management (2003-2007), where he established and headed the firm's quantitative strategies division and was in charge of the SAC MultiQuant Fund. The fund, which Mr. Chriss grew from zero assets under management, became a strategic part of SAC's investment offering and managed a global portfolio of systematic, process-driven strategies in multiple asset classes. At SAC, Mr. Chriss was also a key member of the team that developed and launched the SAC Multi-Strategy Fund. Previously, Mr. Chriss was a portfolio manager and vice president at Goldman Sachs Asset Management (1998-2000), where he developed and managed a global volatility arbitrage strategy for the Global Alpha Fund. Mr. Chriss also founded and was president of ICor Brokerage Inc. (2000-2003), a global electronic trading platform for currency options and interest rate swaps which Reuters Plc acquired in 2004. Mr. Chriss also worked in the Institutional Equities Division at Morgan Stanley (1996-1998), where he developed trading models for the program desk, margin models for equity prime brokerage and quantitative models for stock loan optimization. At Morgan Stanley, Mr. Chriss was also a member of the team that implemented the Algorithmics Financial Risk Management Software within the equity derivatives division.

Mr. Chriss holds PhD and BS degrees in Mathematics from the University of Chicago, and an MS in Mathematics from the California Institute of Technology. He has held academic positions in the mathematics departments of Harvard University, the Institute for Advanced Study, and the University of Toronto. He has published numerous research articles on quantitative trading, trade execution, portfolio optimization and risk management. At Morgan Stanley, Mr. Chriss authored Getting a Grip on Risk (Morgan Stanley Global Equity and Derivative Markets publication, 1997) and co-authored Optimal Execution of Portfolio Transactions (Journal of Risk, 2000), which Institutional Investor Magazine cited as laying "the groundwork for the arrival-price algorithms" on Wall Street. Mr. Chriss is also the author of several books, including Black-Scholes and Beyond: Modern Options Pricing (McGraw Hill, 1996). Mr. Chriss holds a patent for his invention, "Method and System for Portfolio Optimization from Ordering Information." While working on Wall Street, he also served as the first director of the Program in Mathematics in Finance at New York University 's Courant Institute of Mathematical Sciences .

Mr. Chriss serves in an advisory capacity to the Finance Committee of the Institute for Advanced Study in Princeton, NJ, which oversees the management of the Institute's endowment (2008-Present). Additionally, he is a founding board member, and a member of the Executive Committee, of Math for America (2004-Present), a nonprofit organization with a mission to improve mathematics education in the United States. Mr. Chriss is a Trustee at Harvey Mudd College, serving on its Investment and Finance Committees (2009-Present). Mr. Chriss is also a member of the visiting committee of the University of Chicago's Physical Sciences Division (2007-Present) and an Advisory Director of the University of Chicago's Financial Mathematics Program.

 

Michael Cyran 
Partner
Ernst & Young LLP

Mike is a partner in the New York Financial Services Office with over 22 years of experience in the financial services sector. He focuses on asset management organizations, and specializes in working with investment advisors, registered investment companies, alternative investment funds, structured products and investment management operations.

Mike is the SAS 70 leader for Ernst & Young’s New York Financial Services Office as well as Ernst & Young’s Global Asset Management practice. He leads many of the global fund administration SAS 70s that the Firm services.

Mike has extensive experience in the securitization of collateralized debt obligations and other asset backed securities, having worked in E&Y’s Structured Finance Advisory Services group for over two years as a senior manager.

Mike possesses deep knowledge in investment management and transfer agency operations, fund administration, and valuation and accounting for derivatives, asset-backed and illiquid securities. Mike is a frequent speaker on various technical and operational topics at industry conferences.

 

Sam DeRosa-Farag
Managing Director, Portfolio Specialist
Morgan Creek Capital Management, LLC

Sam DeRosa-Farag joined Morgan Creek in March of 2009 as a Managing Director, Portfolio Strategist on the Investment Team. Mr. DeRosa-Farag brings 20 plus years of experience working as a strategist in the leveraged finance market and will be primarily responsible for leading Morgan Creek’s efforts in the credit sectors.

Mr. DeRosa-Farag is an accomplished contributing author to many industry books and journals. Some of his most well known writings can be found in “The Handbook of Loan Syndications & Trading”, 2006; “High-Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling, 1999; as well as the June 1999 edition of The Journal of Fixed Income entitled, “Default Rates in the High Yield Market”. In addition, he has been a guest lecturer at many educational investment conferences around the globe.

Prior to joining Morgan Creek, Mr. DeRosa-Farag was President of Ore Hill Partners LLC where he was a member of the Investment Committee. While at Ore Hill, Mr. DeRosa-Farag was primarily responsible for new initiatives including structured products and risk management. Prior to joining Ore Hill, Mr. DeRosa-Farag was a Managing Director of the Global Leveraged Finance Strategy and Portfolio Products Group and Co-Head of the High Yield Research Department of Credit Suisse. He joined the firm from Donaldson, Lufkin & Jenrette, which the firm acquired in November 2000, where he was a Managing Director and Head of Fixed Income Research.

Prior to joining DLJ in 1997, Mr. DeRosa-Farag was head of High Yield Portfolio and Strategic Research at Chase Securities. He also developed and managed the High Yield Quantitative & Portfolio Strategies Group at CS First Boston, where he was employed for nine years. Mr. DeRosa-Farag was a member of the Institutional Investor “All-American Fixed Income Research Team” for 13 consecutive years from 1993 through 2006.

Mr. DeRosa-Farag received a Master of Science degree in Computer Science from Boston University and a Bachelor of Science in Physics from Cairo University.

 

Mark Faro
Managing Editor
Foundation & Endowment Money Management

Mark Faro has worked for Institutional Investor in various capacities for the past ten years. He is currently Managing Editor of Foundation & Endowment Money Management, which provides exclusive news on nonprofits’ investments. He previously was Managing Editor of Alternative Investment News, Private Asset Management, Fund Directions and Insurance Finance & Investment. In these capacities he has covered several areas of finance with a particular emphasis on hedge funds. Prior to joining Institutional Investor, he worked for The Record, a major daily newspaper in New Jersey.

 

Jeffry Haber, PhD, CPA
Controller
The Commonwealth Fund

Jeffry Haber is Professor of Accounting and Chair of the Accounting Department at Iona College, teaching undergraduate and graduate classes in a variety of accounting areas. He publishes in the areas of investments, anti-money laundering and terrorist financing, earnings quality, ethics, bankruptcy prediction and other areas of financial and managerial accounting. Haber received a BS and MS from Syracuse University and a PhD from Rensselaer Polytechnic Institute and a CPA licensed in New York. He is a frequent speaker at academic, professional, investment and accounting conferences.

Haber is also Controller of the Commonwealth Fund, a private foundation seeking to move the United States towards a high performance health care system that achieves better access, improved quality, and greater efficiency. The Fund is a value-added foundation – conducting intramural research, working closely with grantees in designing, publishing, and communicating the results of projects, and conducting a web-based and media-oriented communications program aimed at reaching influential health policy and practice audiences. The Commonwealth Fund has $600+ million under investment.

 

Jennifer Heller
Investment Director
Alfred P. Sloan Foundation

Professional: Merrill Lynch Investment Banking, Financial Analyst, 2000-2002; Stanford Management Company, Senior Investment Associate, 2002-2004; Alfred P Sloan Foundation, Investment Director, 2007-Present. Founder, Endowment & Foundation Young Professionals Network. In addition, Jenny spent 6 months working as a volunteer finance consultant for an international development organization in India prior to attending business school.

Education: Williams College, BA, 2000; Stanford University, MBA & Public Management Certificate, 2007.

 

Orin Kramer
Chairman
New Jersey State Investment Council

Orin S. Kramer is a general partner of Boston Provident, L.P., which manages investment vehicles focusing on the financial services industry. He is a director of Ariel Holdings Ltd., a Bermuda reinsurance company, and has served on the boards of other financial services firms, public and private. He is Chairman of the New Jersey State Investment Council. He is President of the Robert F. Kennedy Center for Justice and Human Rights Leadership Council. He is a member of the executive committee of the board of directors of the Alliance for Climate Protection, the organization founded and chaired by former Vice President Al Gore to pursue his global warming agenda. He is also on the advisory board of the Toigo Foundation, which promotes opportunities for minorities in the financial services industry. He is a member of the Samsung Advisory Council and Senior Advisor for BSE US Bank Opportunity Fund.

In 2007, he was appointed by the Pennsylvania State Treasurer as a member of the Financial Asset Management Commission, which reviewed the State’s investment practices. He was named by President Clinton as a member of the Commission to Study Capital Budgeting. In 1995, he was designated by the Secretary of Treasury to serve as a member of the Advisory Commission on Financial Services. In 1992, he served as a coordinator of President-elect Clinton’s transition team on financial services issues. In 1990, he was appointed by the Governor of California as executive director of the California Commission on Ratemaking for Workers Compensation Insurance. In 1986, he served as vice-chairman and executive director of a special commission appointed by Governor Cuomo to study the liability insurance crisis and civil justice reform, and he co-authored the New York DeWind Commission report on product deregulation for banks. Mr. Kramer has published two books and a number of studies on the financial services industry. He has taught financial institutions law at Columbia Law School.

From 1981 to 1983, Mr. Kramer was a member of the financial institutions group at the management consulting firm of McKinsey & Co. From 1977 to 1981, he served as Associate Director of the White House Domestic Policy Staff. Previously, Mr. Kramer had been an associate with the law firm of Simpson Thacher & Bartlett and executive director of the New York State Commission on Living Costs and the Economy. He received his B.A. from Yale College and J.D. from Columbia Law School.

 

Nick Lioudis
Senior Reporter
Nonprofit News

Nickolas Lioudis is a senior reporter for Nonprofit News, where he has spent nearly three years covering the foundation and endowment space. Nick is a graduate of Seton Hall University, where he obtained his degree in Journalism. He has extensive reporting experience, previously serving as a reporter with the Newark Star-Ledger and Morristown Daily Record.

 

Mary McLean
Managing Director, Investments
Kauffman Foundation

Mary McLean is part of the team that oversees the Kauffman Foundation’s investment portfolio. She first joined the Kauffman Foundation in 1996, and initiated the development of the Foundation's hedge fund portfolio. Before that, she was a Senior Associate with the Yale University Investments Office, focusing on hedge funds and asset allocation. Early in her career, she was an analyst in a quantitative research group at Morgan Stanley.

Ms. McLean has an A.B. degree from Brown, an MBA from the Yale School of Management, and a Ph.D. from the Yale Graduate School. She is a CFA charterholder and member of the Kansas City CFA Society.

 

Mihir Meswani
Chief Portfolio Strategist 
Sandalwood Securities

As the Chief Portfolio Strategist/Risk Management Director, Mihir is responsible for overseeing the portfolio and its risk management. In addition, he works with the Investment Committee on setting portfolio and strategy allocation for each of Sandalwood’s current and future portfolios as well as with the research department on manager search and selection. Mihir is a member of the Investment Committee as well as a member of Sandalwood’s senior management team.

Prior to joining Sandalwood in November 2009, Mihir was the Director of Public Market Managers at the Robert Wood Johnson Foundation overseeing the Foundation's multi-billion dollar investment portfolio consisting of both hedge funds and traditional long only strategies. Previously Mihir worked for Banc of America where he served as Head of the Outsourced Proprietary Trading Group, which allocated over $1 billion dollars in capital to third party hedge funds on behalf of the bank. He spent four years with J.P. Morgan within their fund of funds group, serving as Head of the Long/Short Equity Strategy. He was responsible for identifying, selecting and monitoring hedge fund investments within the long/short equity universe and managed several of the Bank's single and multi-strategy funds of funds portfolios. In addition, Mihir spent four years with Tremont Partners, providing consulting advice related to manager research, asset allocation and portfolio construction.

Mihir earned his BS in Finance and BA in Economics from Rutgers University in 1992.

 

Heather Myers
Director, Endowment and Foundation Strategy
Russell Investments

B.A., Political Science, minor in Japanese Studies, Whitman College, 1987
Whitman College Associated Kyoto Program attendee, Doshisha University, 1986 to 1987

Heather Myers is director of endowment and foundation strategy for Russell Investments. Based in New York, Heather was named to this role in 2008 to provide leadership on strategy development and advice to clients and prospects. In addition, Heather is a senior consultant for some key endowment and foundation relationships, providing strategic advice on all aspects of these clients’ investment program and reporting.

As one of Russell’s leading voices in the non-profit community, Heather participates in several industry conferences and is actively involved in Russell’s research aimed at the interests of this community. Currently Heather is focused on socially responsible investing and external fund of hedge funds research.

Heather joined Russell in 1989 to support both international consulting clients and the company’s Japanese-related business. By the end of 1989, she was a member of Russell’s manager research team primarily focusing on fixed income. She was an analyst focused on U.S. fixed income markets until 1993, when she also began researching multi-currency fixed income and currency markets. Heather moved to London in 1997, taking on the role of head of multicurrency fixed income research for Russell. In that role, she oversaw the team that researches UK, European and global fixed income asset classes. Returning to the U.S. in 2000, Heather was named Russell’s senior practice analyst for fixed income and currency based in New York. Working with Russell research teams globally, Heather helped to ensure consistency of practice for fixed income and currency research within the company’s investment management and research area. In 2001, Heather joined Russell’s U.S. consulting team as a consultant.

Heather is co-author of several research papers published by Russell including, “Responsible Investment: Five Tests of an SRI/ESG Policy,” and “Capturing Alpha Through Active Currency Overlay”. She was a recipient of the Russell Excellence Award in 1993.

Heather is a member of the Board of Overseers at Whitman College and is on Whitman College’s Investment Committee. She is also on the Advisory Council for Lehigh Valley Summerbridge and chairs the corporate giving committee for Russell’s New York office.

 

Brian S. O'Neil 
Chief Investment Officer
Robert Wood Johnson Foundation

Brian O’Neil, CFA, joined the Robert Wood Johnson Foundation as chief investment officer in January, 2003. Previously, O’Neil worked for more than 20 years at the Equitable Life Assurance Society, where he held a variety of positions, including chief investment officer. He also spent three years working at Equitable’s parent company, the AXA Group, in Paris, France, in an investment management post.

O’Neil is a trustee of the Museum of Biblical Art.

He received an M.B.A. from the Columbia Graduate School of Business, and a B.A. in sociology from Princeton University. He received the CFA designation in 1983.

 

Lee Partridge
Portfolio Strategist 
SDCERA

Lee Partridge founded Integrity Capital, LLC (Integrity) to provide unbiased investment advisory services to institutional clients in North America. Integrity’s strategies span the spectrum of traditional and alternative investment vehicles and range from asset allocation and investment design to manager selection and implementation.

Prior to founding Integrity, he was the Deputy Chief Investment Officer at the Teacher Retirement System of Texas (TRS) where he was responsible for global asset allocation, risk management, portfolio construction, external managers, hedge funds, derivative strategies, equity trading, futures trading and risk management. Lee also held several other positions at TRS, including Managing Director of Strategic Research and Risk Management, Director of Fixed Income, and Manager of the Fixed Income Portfolio.

Before joining TRS, Lee served as a Managing Director with U.S. Central Credit Union where he developed a risk management and investment advisory service for a group of banker’s banks with over $10 billion under advisement, and led the development of a multi-user risk system that became a standard tool for assessing capital adequacy for the credit union industry. At AmVestors Investment Group in Topeka, Kansas, Lee ran several fixed income portfolios, and developed and implemented the investment strategy for the organization’s equity-indexed annuity products.

Lee has an MBA degree from Rice University and a Bachelor of Science degree in Psychology from the University of Houston. He holds both the CFA and CAIA desginations.

 

Matteo Dante Perruccio
Chief Executive and Founding Partner
Hermes BPK Partners LLP

Prior to joining Hermes BPK Partners LLP, Matteo was Co-Chief Executive of Olympia Capital Management in Paris. Before this, Matteo spent six years working at Pioneer Global Asset Management where he held a variety of roles culminating in his appointment in 2005 as CEO International/CEO Pioneer Investment Management SGR, Milan. Matteo also served as a Board Member of Pioneer Global Asset Management and Vice Chairman of Pioneer Alternative Investments Ltd. Between 1992 and 2000, Matteo worked at American Express Bank, holding various roles from Senior Director/Country Head of Financial Institutions and Private Banking for Milan to Executive Director, Head of Personal Financial Services Europe, based in Paris. Matteo is currently a non-executive Board Member of Jupiter Asset Management. He obtained a B.A. from University of Notre Dame, USA and a M.A. from American University School of International Service, Washington DC.

 

Ronald Peyton
Chairman and Chief Executive Officer 
Callan Associates Inc.

Ronald D. Peyton is Chairman and Chief Executive Officer for Callan Associates Inc., a privately held, employee-owned firm whose mission is to deliver superior consulting solutions that help clients achieve their investment and business objectives.

Mr. Peyton joined Callan Associates in 1974. Since that time, he has worked with many large institutional investors to effectively plan, structure, and evaluate investment programs, products and organizations. He is a frequent speaker at industry investment conferences and meetings.

Mr. Peyton serves on the Board of the United Way Bay Area and is a member of its Road to Recovery Cabinet. He was previously a member of the Kelley School of Business Dean’s Council at Indiana University, and currently serves as a Dean's Council "Counselor." He was past President of the Governing Board of the Filoli Center (a National Trust for historic preservation property) where he still serves on the Executive Committee, Compensation Committee, Audit Committee and is Chairman of the HR Committee. Mr. Peyton is a former member of the Advisory Board of the University of California at Berkeley Extension and The Castilleja School Investment Committee. From 1990 to 1999, he served on the AIMR Performance Standards Implementation Committee. He is an advocate of the Vista Center for the Blind and Visually Impaired where Callan Associates has been a fundraising sponsor for over 20 years.
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Mr. Peyton is Chairman of Callan’s Management Committee. He is Chairman of the Board of Directors and a shareholder of the firm.

Prior to joining Callan Associates, Mr. Peyton worked with Marathon Oil Company’s pension investments, in addition to handling other financial responsibilities. Mr. Peyton earned a B.S. degree in Accounting and an M.B.A. degree in Finance at Indiana University.

 

Martin Steward
Investments Editor
IPE International Publishers Ltd

Martin Steward began his career in finance and investment journalism in 2003, reporting on the European hedge fund industry for MARHedge magazine. In December 2005 he became Editor at MandateWire, a small venture, recently acquired by the Financial Times Group, dedicated to tracking the investment activity of European pension funds and endowments for the asset management industry, where he was responsible for developing the data-gathering process and building the research team. In March 2007 he joined the Financial Times, writing news and features for the group’s institutional investment magazine, FTMandate, and for FTfm. He moved into the newly-created role of Investments Editor at Investment & Pensions Europe (IPE) magazine in February 2009. Martin holds a PhD in Drama and the Politics of Professionalism in England 1600-1640, from University College London.

 

Michael Stohler
Chief Risk Officer, Alternative Investments Group
JPMorgan Private Bank

Michael Stohler, Ph.D.: Chief Risk Officer, J.P. Morgan - Alternative Investments Group. Michael is responsible for manager selection, market risks and operational due diligence for all hedge fund strategies. In addition, he monitors portfolio-level and fund-specific risk across J.P. Morgan's Private Bank hedge fund portfolios. Michael has a BA in Physics from St. Olaf College (summa cum laude, Physics Department academic distinction), an MBA specializing in quantitative finance from NYU Stern and a Ph.D. in Physics from Purdue University. His dissertation and research focus was quantum information theory. Prior to joining J.P. Morgan he was an Assistant Professor of Physics at Wabash College from 2002-2004. Michael joined J.P. Morgan’s Private Bank in 2005 working on hedge fund portfolio construction. He has also specialized in quantitative risk modeling, front and back office due diligence and overall portfolio construction. He is a member of JPMPI’s board and J.P. Morgan’s Hedge Fund Advisory Council.

 

Jenny Strasburg
Staff Writer, Hedge Funds
The Wall Street Journal

Jenny Strasburg is a Wall Street Journal reporter covering hedge funds and Wall Street. Prior to joining the Journal, she was a reporter with Bloomberg News in New York, writing about private funds and financial institutions. In 2006 she completed the Knight-Bagehot Fellowship in Economics and Business Journalism at Columbia University, and before that was a business reporter for five years with the San Francisco Chronicle.

 

Michael Zimmerman
Chief Executive Officer & Portfolio Manager
Prentice Capital Management

Michael Zimmerman founded Prentice Capital Management in 2005, which invests in the U.S. consumer/retail sector. The Firm’s newly launched Prentice Capital Long/Short Equity Fund seeks to benefit from Prentice’s U.S. consumer/retail specialist focus, augmented by 15 years of experience investing in the same sector, by successfully marrying deep fundamental research with catalyst investing. Prentice currently pursues the same research and portfolio management strategy that Mr. Zimmerman has employed over the past 10 years managing U.S. consumer/retail equity portfolios at both Prentice and S.A.C. Capital (from 2000-2005). Previously, Mr. Zimmerman worked at Omega Advisors where he focused on consumer/retail investments and advised Leon Cooperman, Omega's Senior Partner. Mr. Zimmerman began his investment career at Lazard Asset Management where he worked from 1995-1999 focusing on investments in consumer/retail companies, homebuilders, and utilities. Prior to joining Lazard, Mr. Zimmerman played professional tennis from 1992-1994 as a member of the ATP and Challenger tennis tours. Mr. Zimmerman graduated from Harvard College in 1992 with a BA in Economics and was a three-time All-American for the Harvard Tennis Team. Mr. Zimmerman and his wife have two daughters and one son.