The Hathersage Team

Lewis Broad, President and Director of Administration and Compliance

• Oversees all aspects of the company
• Assists and supports trade idea development

Bill Lipschutz, Director of Portfolio Management

• Oversees all aspects of portfolio management
• Develops and executes trading strategies
• Monitors markets and positions 24 hours 7 days a week

Bill Strack, Director, Portfolio Management

• Responsible for accessing and evaluating qualitative and quantitative market information
• Assists in trade idea and trading strategy development
• Assists in certain advanced technologies implementation and technical based research

Lynnelle Jones, Director of Client Services and New Product Development

• Oversees client services
• Responsible for new product development

John Yao, Director of Research

• Oversees all technical based research
• Assists and supports new product development

Rob Schmidt, Director of Information Technology

• Oversees information systems infrastructure and services
• Responsible for implementing advanced technologies

Ronald Furlong, President and Chief Operating Officer of Cambex

• Oversees all aspects of operations
• Provides 24-hour real time risk analysis and back office support

Lisa Polsky
New York, New York

• Merrill Lynch, Managing Director and Head of Collateralized Financial Services
• Morgan Stanley, Managing Director and Head of Global Risk Management
• Bankers Trust, Partner, Global Investment Management
• Citicorp, Managing Director, FX and Fixed Income Options
• ISDA, IAFE & Philadelphia Stock Exchange Boards of Directors, Member
• Risk Management Hall of Fame and Derivatives Hall of Fame, Member

Martin Lechner
Zurich, Switzerland

• Proprietary Partners AG, CEO
• Ferman AG, Chairman of the Board of Directors
• IFM AG, Board Member
• Dresdner Kleinwort Benson, Global Markets

C. Paul Tyborowski
New York, New York

• Retirement Systems Group, President and CEO
• RSI Retirement Trust, Executive Vice President
• Columbus Circle Trust Co., President and CEO
• First Fidelity of New Jersey, Senior Vice President

Charles Yuan
Shenzhen, China

• Penghua Fund Management, Assistant General Manager and CIO
• Citadel Investment Group, Risk Management
• Moore Capital Management, Risk Management
• Credit Suisse First Boston, Financial Engineer