Caia Memberroster

The Global Mark of Distinction in Alternative Investments

CAIA Association Member Roster

The CAIA Association is pleased to recognize the following individuals who represent more than 2600 CAIA designees from over 58 countries around the globe. Earning the CAIA designation demonstrates an individual's commitment to the profession and comprehension of its unique fundamentals. For more information about membership in the CAIA Association, or to perform a status verification, please contact [email protected]. This list is updated daily. Aaron Dennis Dirlam, Altair Advisers Aaron J. Lassanske Aaron J Young Abali J. Hoilett, Walkers SPV Limited Abdul G. Sheikh, State Street Canada Abdul Koudouss Koudiraty, Société Générale Asset Management Abdullah Mehtab Abhay Sadashiv More, Sharekhan Ltd Abhijeet S. Nadkarni, CRICO/RMF - Harvard Medical Institutions Abhijit Dande, Fortis Abhishek Vashishth, Bank of America Securities Adam Donald Butler, GMP Private Client L.P. Adam William Hartshorn, P/E Investments Adam Kobor, The World Bank Adam Lukojc, Credit Suisse Asset Management (Polska) S.A. Adam Jon Rossiter, Harmonic Fund Services Adam J. Smith Adam Michael Stueber, Kaplan Schweser Adam D. Winn, Goldman Sachs Co Adina Gurau Audibert, Allianz Alternative Asset Management Aditi Velakacharla Aditya A. Shah, Abu Dhabi Investment Company Adnan P. Rehmatullah Adrian Cunningham Adrian Luck, Armajaro Asset Management LLP Adrian Wipf, Julius Baer Investment Funds Services Ltd. Adriane N Coakley, Morgan Stanley Adrien M. Blavier, Bear Stearns Iynedjian Adrien Adrienne Leigh Bush Agata Janina Rzamek, Millburn Corporation Ahmad Al Batal, Dubai Capital Group Aileen Rodriguez Aimei Zhong, SEI Investments Aishah Ahmad Aitor Corral, HEWITT ASSOCIATES Adriaan Jacobus du Toit Ajay Batra, DE Shaw India Akshay Sehgal, HSBC Private Bank Al Yong Kim Hau Ou Yang Alain Guérard, JPMorgan Bank Alain Michnick, Stifel Nicolaus Alan Borrelli Alan C. Kirby, LightKeeper Investments, LP Lee Wen Jie, Alan Alan N. Parikh, Mercer Investment Consulting Albena Gyger-Deneva, RMF Investment Management Cheung Chun Yan Albert Albert Hyon Chu, PPC Portfolio Consultants, Inc Alberto Morina, Jr, Philadelphia Financial Group Albino Nuzzo, Heritage Bank Aldo A. Palles, U.S. Trust Company, N.A. Alejandro Villar Buendía, Arcogest, S.G.C., S.A. Aleksandar Savic Aleksey Matiychenko, Risk-AI, LLC ALENA DAVIS, GAM (UK) Ltd. Alex E. Khayat, Credit Agricole (Suisse) S.A. Alexander Tsatsos Alex Pierre von Werra, Credit Suisse Alexander E. Ambroz, Morgan Creek Capital Management Alexander Bass, Merrill Lynch

Alexander M. Bates Alexander Dress, RISING STAR AG Alexander Jenner, Absolute Return Consulting Alexander Kapfer Alexander Müller, cominvest Asset Management GmbH Alexandra Lynn Coffey Alexandre Bona, Citi Alexandre Caillol, FactSet Europe Ltd. Alexandre Cegarra Alexandre Falin, Harcourt Investment Consulting Alexandre Gerard, CM-CIC Securities Alexandre Poisson, HDF International Alexandru Popescu, iGlobal Alexey De La Loma, Diversia Trading Alexis Guzman Miller, Guzman Company Alexis Staricky Alfonso Papa, Allianz Global Investors Europe Alfred Kwan, KPMG Alison Ballard L. Alison Gardner, Pyramis Global Advisors Allan Soon Lorentzen, Danske Bank Alper I Daglioglu, Morgan Stanley Alton R. Cogert, Strategic Asset Alliance Alvin Goh Amarendra Swarup, Pension Corporation Amarjeet S. Singh, Securities Investment Management Pvt Ltd Amarnath Munipalle, Investcorp Bank Amelia Storms Hopkins, Granville Capital, Inc Amit Gupta Amrit Samtani Amy M. Benson, BNP Paribas Amy Elizabeth Sellick Anandhan Jayaraman, Rotella Capital Management Anastasios Tsoukalis Anatol Müller, Finter Bank Zurich Anders Hennie, MillenniumBCP Andrea M. Bornatico, MAN Investments Andrea Sorani, Japan Advisory LLC Andrea Wehner, Hauck Aufhaeuser Privatbankiers Andreas Laemmler, UBS AG Andreas Raggl, Thomson Reuters Andrei Diakonov, Volksbank Invest Kapitalanlagegesellschaft m.b.H. Andrew Stevens Baker, Athena Capital Advisors Andrew Thomas Julian Andrew J. Kinsey-Quick, Eden Rock Capital Management Andrew Lau Che Yung, Citibank Hong Kong Ltd Andrew Sing-Tsze Li, PCM Capital Andrew Liebeskind, Two Sigma Investments, LLC Andrew R. Mastro, Merrill Lynch Andrew William Natale, Markit Trade Manager Andrew J. O'Brien, Alcatel-Lucent Investment Mgmt Andrew Curran Ross, Indymac Bank Andrew O'Brien Saunders, Hedge Connection Andrew M. Toczycki, Mercer Investment Consulting Andrew Allan Waters, Algorithmics Andrey Zaytsev Andrzej Turowski Andy R. Kastner, Bank Julius Baer Co. Andy Ward Anette C. Goergner, Versicherungskammer Bayern Angel Chen, The LongChamp Group Inc. Angela J Maxwell, Citi Quilter Angela N. Moss, UNC Management Angelika Stueckler, Clariden Leu

Angelina Wee Kim-Gek, HSBC Private Bank (Suisse) SA Anil Kumar Neerukonda Anita Bhatia Anita Ramachandran Anja Cavigilli, Capvent AG Ann Marie D. Chipelo Anna-Marie Harling, Credit Suise Anne Eva Marie Ackermann, Credit Suisse Anne Marie Ruh Clauss Anne Wong Yoke Peng, Man Investments Annette Landl, LGT Capital Partners Annie K. Lo, Charles Schwab Investment Management, Inc. Annie Shum, Vision Investment Management Annmarie McAninch Anson King Lung Wong, ORIX Asia Limited Anthony Brichart Anthony Brzostowski, TT International Anthony M. Carpenito, Credit Suisse Securities (USA) LLC Anthony R. Wicklund, Convergent Wealth Advisors Anton Walter Sussland Ari Hadida, UBS AG Arianto Sumargo, Citigroup Arijit Banik, RBC Dexia Investor Services Arjan B. Berkelaar A.T. Ferweda, Watson Wyatt Artem Vinokur, K2 Advisors Arthur Wai Keong Poon Arun R. Kelshiker Ashish Parekh, Morningstar Ashley N. Neal, Convergent Wealth Advisors Ashwin K. Bhatt Asif Hussain, Abu Dhabi Investment Authority Athena S. Ole, Merrill Lynch Atif Cezairli Attila Rebak, Quantis Investment Management Augustin Magnan, Pictet Cie Aurélien Buffault, Meeschaert Aurélien Mamet, HSBC Private Bank (Suisse) SA Austin Cooley, Fire and Police Pension Association of Colorado Avi David Goodman Awadh Agrawal, ICICI Venture Fund Management Co Ltd Axel Weytens, HSBC PWM Aymeric Poizot, FitchRatings Barbara Vannotti-Holzrichter Barbara Wang, W CAPITAL Barnaby S. Ferrero Barry Howard Jones, University of Chicago GSB Bart Torao Maeda BASSAM TARIQ A.REDHA Al-JAMALI Beat Stegmann, RMF Investment Management Beatriz López Sevilla, EDM Ben Abell, Schroders BENILDUS KONG Benjamin A. Blaisdell, Bank of America Benjamin R. Deschaine, Federal Street Advisors Weibin Gao Benjamin A. Iiams Benjamin Isaac Paradise Benjamin J. Peterson, Columbus Nova Credit Investments Benoit Nansot, BNP Paribas Asset Management Benoît Vesco, Meeschaert Bernard K. Nowak II, Highmount Capital LLC Bernardo Vizcaíno Armijos Bernhard Allgäuer, VP Bank Bernhard Vögeli

The Chartered Alternative Investment Analyst Association® is the sponsoring body for the CAIA designation. Co-founded by the Alternative Investment Management Association (AIMA) and the Center for International Securities and Derivatives Markets (CISDM), the program focuses exclusively on alternative investments—hedge funds, managed futures, real estate, commodities, and private equity. For additional information about the CAIA program, please visit www.caia.org. To contact the CAIA Association® please e-mail: [email protected] or telephone: + 1 413 253 7373. Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

Egbert L. Davis IV, Granville Capital Inc. Bertrand Legros, Bank for international settlements K. Beth Johnson, Hammond Associates Beth E. McDermott, Modern Woodmen of America Bich-Tien Ton Bilal Haffejee, Rand Merchant Bank William M Gruzynski, Emerald Strategies LLC William Edward McKay LIU BIN Bin Wu, Credit Suisse Bindesh P Shah, Amiri Capital LLP Bing Tang, Hirtle Callaghan Co. Bingchuan Meng, Morgan Stanley Bjoern Christoph Schwarz Blake James Henricks, MQ Specialist Investment Management Bo Nordberg, JP Morgan Securities Robert L. Borden, SCRSIC Robert J Oliver, Commonwealth Bank Ioan Bogdan Borca, Credit Suisse Bonnie Wang, JPMorgan Private Bank Boris Jurczyk, BERENBERG BANK Anson Bradley Ives, Illumination Renewables LLC William Bradford McMillan Jr., Commonwealth Financial Network Bradley Jay Weltler Bradley James McDonald, Salient Partners Bradley Shafer, Charles Schwab Co., Inc. Bradley W. Snider, AIS Brady P. O'Connell, Ennis, Knupp + Associates Brampreet Ahluwalia, Scotia Capital Brant D Behr, Concord Management Breann A. Parseghian, Meridian Capital Partners, Inc Brent Hankins, Welton Investment Corporation Brent D. Jaciow, Argent Wealth Management Bret A. Luke, Ohio Police Fire Pension Fund Brett Howard Dulyea, Wells Fargo Private Bank Brett K. Rentmeester, Altair Advisers Brian A. Applefield, LCM Group Brian J. Bova, UBS Financial Services Brian Richard Boyden, Eaton Vance Brian Siu Hung Chan Brian W. Chung, SSARIS Advisors LLC Brian T. Dawson, Reuters Brian Christopher Dutzar, Wachovia Brian Steven Engel, Advisory Research Brian French, FiREapps Brian D. Hampton Brian Jandrucko, The Church Pension Group Brian A. Keats Brian J Kelly Brian L McHugh, Aspect Capital Inc. Brian Nagel Brian Sward, National Planning Holdings Brian E. Thompson, Alambic Investment Management, LP Brian Upbin, Lehman Brothers Brian James Woodall Britt L. Bentley, LCG Associates Bruce Douglas George, M.D. Sass Investors Bruce C. Greig, Flexible Plan Investments Bruce R. Kuhlman, Schweser Bruce D. Phelps, Lehman Brothers Bruce Stanforth, Babson Capital Bruno Campana, Deloitte S.A. Bruno F Ghio, Credicorp Securities Bruno R. Müller, Clariden Leu Ltd. Bruno Russi, QUEST INVESTIMENTOS Bruno Guillemin, Fundana Bryan D. Meckley Bryan Roach Burkhard Geissler, COMINVEST Asset Management GmbH Caio Marcus de Aquino e Santos, CITIBANK

CAIA Association Member Roster Calvin Tse Cameron A Black Camille Blardone, Team Partners Ingenierie Suisse Sàrl Camille Raymond Germanos, Everest Capital Cara M. Wood, The Townsend Group Carl R. Kolbet Carling Luk, The Bank of New York Mellon Carlo Antonio Ylagan Carlos Catalán Chicano, BANSABADELL INVERSION Carlos Michel, HSBC Caroline Zerah, Superfund Financial (Singapore) Pte Ltd Carrie B. Pickett Carrie Jing Zhang, Credit Suisse Carson Lam Carter B. Weil Casey L. Hogan, Citigroup Alternative Investments Catherine H. Blondell, Ivy Asset Management Catherine Cheung, UBS AG Catherine Jameson Jenks, PAAMCO Catherine M. Konicki Catherine Julia MacLeod, BDO Stoy Hayward Investment Management Limited Thibaut Catherine, HEC LIEGE Cédric Dingens, Notz Stucki Cie Cédric Haenni, Pictet Cie Cesare Prada, Julius Baer Chad A. Burlingame, Coast Asset Management, LLC Chad Richard Martinson, Efficient Capital Management Chad Morley, Wealth Management LLC Chaitanya Shrivastava, Russell Investment Group Private Limited Chakradhar Singh, Amerus Capital Management Cheng Liang Charles C. Cho, Bergen County Prosecutor's Office Charles E Davidson Charles W Hepworth, Citi Quilter Charles E. LaRosa, U.S. Securities and Exchange Commission Charles E.C. O'Reilly Charles Traband Charles W. Wallace, II Yue Yan Chan Charlotte Helps, TriAlpha Investment Advisors Ltd Chauwei Yak, Ortelius Capital Lai Chee Onn CHETAN GUPTA Foo Chiah Shiung, Kelvin Ching Chee Alda Leung, UBS Chirag Rameshchandra Shah Ho Choon Hong Wong Choong Keong Christopher Bryan Bartholomew, UNC Management Company, Inc Chris T. Baxter, Barclays Capital Christopher Buchanan Christopher K.Y. Cheung Christopher J. Goolgasian, Fidelity Investments Christopher A. Hontvet, Satellite Asset Management, L.P. Christopher L. Luckett, bailard Christopher C. Rudolph, UNC Management Company Christopher Rule G. Christopher Smith Christian Richard Spencer Turpin, First State Investments Christian Raphael Borth, AXA Investment Managers Christian Domnique Carron, Gérifonds SA Christian M. Gattiker-Ericsson Christian Grein, UNIQA Insurance Group Christian König, Vontobel Asset Management AG Christian Putz, Man Investments Christian Reel Christian Schuetz, Cominvest Asset Management GmbH Christian Schuster, Fundmatrix AG Christian Senn, Pictet Cie.

CHRISTIAN TORRES LANG, SOLVENTIS Christian Moritz Voit, HVB Christian Wehbe Christiane Türk, Man Group Plc Christianna Wood, Capital Z Asset Management Christina Roseanne Barren, Nuveen Investments Christine E. Bost, Acadian Asset Management Christine Denis Christine A. Loughlin, NEPC Christine Ravioli, Pictet Christoffer B. Tinsley Christoph Bachmann, LGT Bank in Liechtenstein Christoph Englisch, Société Générale Christoph Holzer, Allianz Capital Partners GmbH Christoph Landolt, RMF Investment Management Christoph Lukas Maron Christoph Neuhaus, 4IP Management Ltd. Christoph Schneider, Swiss Reinsurance Company Christopher T. Battifarano, GenSpring Family Offices Christopher C. H. Chandler, GenSpring Family Offices Christopher John Anthony Esson Christopher Friese, Barclays Global Investors Christopher D. Gates, Mariner Investment Group, Inc. Christopher J. Jordan, Summit Strategies Group Christopher J Moeder Christopher Moore, Summit Strategies Christopher J. Pirro, Citco Christopher M. Schelling, Thomson Reuters Christopher D. Schembri Christopher L. Sikorski, U.S. Securities Exchange Commission Christopher E. Steed, Paladin Capital Group Christopher B. Tobe, New England Pension Consultants Christopher Michael Trokey, GenSpring Family Offices Christopher R Vogt, Allstate Investments LLC Charles R. Carroll, Inlign Wealth Management Charles M. Freedman, US Trust Ng Chek Siang, Credit Suisse Goh Chuen Kai Lee Chun Ho Sin-Yi Tsai, Morningstar Claire Higgins, Pioneer Alternative Investments Claire Perryman, TriAlpha Investment Advisors Limited Clarence Yue, Standard Chartered Bank (HK) Ltd. Claude Harbonn, UBS Claudia A. Itschner-Dorn, Zurich Financial Services Claudio Delbrueck, Fortis Investments Claudio Semadeni Claus Hilpold, POLARIS Investment Advisory AG J. Clay Jennings, Algonquin Advisors LLC Clayton H. Ernst, Bingham, Osborn Scarborough, LLC Clayton Philip Nolde, PAAMCO Clayton L. Santimore III, Fidelity Yu Wing Kong Cleaven John, DBS Bank Ltd Clint F. Kuboyama Colin Graham, BlackRock Colleen Hsia, Magnitude Capital Congcong Yan Conrad Alex Huber Conway Yung Cory Daniel Schutz, Altegris Investments Costa Barakos, Raiffeisen Zentralbank AG Craig Raymond Dandurand, California Public Employees' Retirement System Gavin Craig Linley, Morgan Stanley Co International Limited Craig Scott Mauri, Calamos Advisors, LLC. Craig Navin, Pacific Alternative Asset Management Company Craig Marcus Rochette, Teacher Retirement System of Texas Cristhian Carlos Dick, WH Trading Cristina Ferreira

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The Global Mark of Distinction in Alternative Investments

Cuma Mor, UBS AG Curtis L. Knorr, Ronald Blue Co. LLC Cyril AUBRY, HSBC Global Asset Management, Sucursal en España Cyrus Amaria Cyrus COTTIN, Crédit Agricole Alternative Asset Management Daan Dirk Coster, Sierra Global Management Dagmar Nikles, Barclays Global Investors Daisuke Imaeda, UBS Global Asset Management (Japan) Ltd. Daisy Ng, Vision Investment Management Dale Hubber-Richard, SG Hambros Daniel Ashton Burpee, Alta Family Office Services LLC Dan Merrick Dement, LA CAPITAL DANIEL EUGENE DRAPER, Societe Generale Corporate Investment Banking Daniel Elmer Gallegos, Barclays Global Investors Daniel M Henry Daniel Ledva, Marwood Group Daniel H McAlister, Ermitage Asset Management Daniel M Rodgers Dana Marta Boyko Dana Yi, Banc of America Securities, LLC Daniel Anger Daniel Urs Baur, AIG Private Bank Daniel J. Bienvenue Daniel Blanco, BBVA Asset Management Daniel Jakob Fischer, Credit Suisse Daniel Genois, Desjardins Investment Management Daniel C. Gould, U.S. Trust Daniel Brian Heyman, Causeway Capital Management LLC Daniel Philipp Huser, RE.A.M. Management Ltd Daniel D. McCulloch, Citigroup Daniel Thomas McCurdy III, Abundance Wealth Counselors, LLC Daniel J. Melloh, Attalus Capital Daniel Paul Oldroyd, JPMorgan Asset Management Daniel Marco Portmann, Man Investments Daniel R. Prinzing, UBS Daniel Rudis, LGT Capital Partners Daniel Ph. Schweizer-Künzli, AIG Fund Management (Switzerland) Ltd. Daniel H. Wang, Vision Investment Management Daniel A. Weiss, Novartis International AG Daniel Yungblut, BluMont Capital Daniel Henry Zaczkowski, Jeffrey Slocum Associates Daniel P.J Capocci, Kredietrust Luxembourg Daniela Da Costa Lengacher, Thalia SA Daniele Provenzale, Credit Suisse Danielle M. Ryea, US Securities and Exchange Commission Danilo Maggetti, Bank Sarasin Co Ltd Dany Kapetaneas, Pictet Funds S.A Daren McCrossan Smith, UTAM Jaeyoung Ahn, Samsung Investment Trust Management Darren Bahadur Darren C. Foreman, Public School Employees' Retirement System Darren Thomas Jordan, Wilmington Trust Co. Darrin K. Duda, BilkeyKatz Investment Consultants Darryl F Hannington Darshana Joshi Darya A. Kovalchuk, FrontPoint / Morgan Stanley David Hosier, Hillsdale Investment Management Inc. David Arnaud, SGFC/CERAM David R. Barnes, UBS Financial Services David John Beevor, RBC Financial Group David Byrne, RMF Investment Management SA David Cienfuegos, Frontier Capital Management LLP David Christopher Cooper, Indiana PERF David E. Costin David McLay Crosby, Juniper Capital David De Pastena, Franklin Templeton Investments

CAIA Association Member Roster David Dubach, BrunnerInvest AG David Robert Emerson, LCG David J Fent, Frost B. David Flora, IV, Bank of America David E. George David M. Gewant, U.S. Trust/Bank of America David Gonzalez Martin, "la Caixa" Banca Privada David M. Harmston, Albourne America LLC David H. Healy, Towers Perrin David Nelson Jacobson, Taiyo Pacific Partners David Jobé, CREDIT SUISSE David J. Keel, Harcourt Investment Consulting AG David Dean Kim David LeBlanc David E. Lees, myCIO Wealth Partners David Chienju Li, GE Commercial Finance David Koon Wai Ling, Great Canadian Gaming Corporation David R. Marshall, Bank of America David Knight McMeekin, Knight Risk Management David E. Mousseau, Lone Wolf Investment LLC David P. Murray, BluMont Capital David Scott Orner David Emil Paulsson, MayerCap, LLC David B. Perkins, Hatteras David F. Philipp, Gyre Capital Management DAVID RABELLA CUSINE, CREDIT ANDORRA David A. Sigg, Clariden Leu David G Stephenson, HSBC Investments (Canada) Ltd David H. Stocks, Omega Capital David Sueur, Pictet Cie David Mark Thompson, Moneta Group David Vafai, bfinance David I. Wales, Grosvenor Capital Management, L.P. D. Abram Weldy, Indiana University Foundation David C. Worley, Guggenheim Advisors David Tsz Hong Choy Santini Davide, Carthesio SA DeAnne Steele, U.S. Trust, Bank of America Debra Li-Ming Ng, Albourne Partners Deepak Kishore Kanungo, Morgan Stanley Dénes Galyó, Mirabaud and Cie Denis Sean McDade, Meketa Investment Group Denis Paquette, Majestic Asset Management LLC Denise Faith Blackman, Prudential Financial Deon Francois Dreyer, Peregrine Investment Managers Deoraz Itburrun, ING BAnk Derek Hillen, CLSA Derek Sam, Aon Consulting Inc. Derren Lee Geiger, Cornerstone Acquisition Mgmt. Co, LLC Derrick Lee Hong Peng Derrick Wan Yew Meng Devdutt Jadeja, BDO Stoy Hayward Dhirendra Singh, ICAP AP (Singapore) Pte Ltd Diana Thwaites, Credit Suisse Reiter Didier, ING Diego Fernández Elices, A Funds Dieter J. P. Steinemann, forty7 AG Dimitra Fragkou, Dexia Asset Management Dino C. Coppola Dirk R. Gojny Dirk Schmelzer Do Yeun Kim Gueissaz Dominic Schnider Dominik Furst, UBS Securities Limited Dominik Lice, HPB Invest Dominique Goy, JP Morgan Suisse Dominique Schulthess, BNP PARIBAS AM Donald Joel Couture, Natcan Investment Management Donald K. Jones, Athena Capital Advisors Donald S. Meek, Green Mountain Energy Company Doris V. Ewing, New England Pension Consultants

Dorothy Elizabeth Crocker, Halcyon Asset Management Douglas A. Ashburn, CME-DGY Douglas John Frisina, UBS Douglas Hayley-Barker D. Gordon Kelly, Paradigm Global Advisors Douglas H. Polak, Third Wave Global Investors, LLC Douglas W. Porter, Russell Investment Group Douglas Isaac Schwartz, Banc of America Dominik Irniger, Zürcher Kantonalbank Andrew H. Chan, U.S. Trust Robert Andrew Ierardi Andrew P. Schwarz, Piper Jaffray Co. Dulari Pancholi, NEPC Duncan L. Miller, Legacy Wealth Management Dustin L. Thomas Dylan Bradford King, Citi Hedge Fund Services (Cayman) Ebenhard Christian Stoddard Edmundo Castellanes, Ontario Financing Authority Edward B. Kacic, Irvine Health Foundation Edelio Gregorio Alday, UBS Fund Services (Cayman) Eduardo Ratier, Barclays Wealth Managers España Eduardo Estefan Ventura Edward F Cunningham, Citigroup Alternative Investments Edward B. Eccles, Oppenheimer Co. Edward Gouldstone Edward Campbell Kuhnel, Channel Capital Group LLC Cheng En (Edward), Liu, Credit Suisse Edward B. Murphy Edward Tolson Edwin Lee Tsze Yuen, Citigroup Edy S. Tan, Twin Focus Capital Partners Eelco Rokus Willem Fiole, Millennium Global Investments Ekaterina Surudina Eleonora Rajmann Simonis, Olympia Capital Management AG Eliana Velasquez, EFG Private Bank Eliane Karin Tanner, Credit Suisse Elie Barzilay Elisabete Vieira de Sousa Elizabeth A. Flores, CME Group Elizabeth Savage, Rathbone Investment Management Elsa Helene Madrolle, JP Morgan Elwyn Chan, CIMB-GK Securities Pte Ltd Emeric UHRING, Société Générale A.M. Emily Rung-Chi Chiang, Vancity Emily FM Porter, Key Asset Management Enrico Zadra Enrique Carrillo, Welzia Management, SGIIC. Eric R. Abel, TouchStone Partners Eric B. Baggesen, California Public Employees Retirement System Eric Ling Chung Chan, Hang Seng Bank Eric Chong, SOCIETE GENERALE ASSET MGMT Eric Cheng-Feng Jan, Babson Capital Management, LLC Eric Matthew Konigsberg, Ivy Asset Manamagement Eric Lynn Larsen Eric Fun Lee Eric William Matteson, Rampart Investment Management Company John Eric Riedlin, Monticello Associates Eric A. Siegel, Bank of America Eric Chak Ming Wong, None Erik Benrud, Drexel University Erik Einertson, First Quadrant, L.P. Erik Ranberg, GJENSIDIGE INSURANCE Erik Tarras-Wahlberg Erin P. Jones, Wells Fargo Erin T Hynek, F Advisors Ernest J. Ouwerkerk Esther J. Zurba, Scotia Capital Evis Schorderet, Unigestion Ewan Ferenc Graves-Tamvakis, Ridgeway Capital F. Matthew Petronzio

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The Global Mark of Distinction in Alternative Investments

F. Douglas Schwenk, Trafelet Delta Funds Fabian H. Jankowsky, P3 Capital Fabian Studer, HSBC Guyerzeller Fabio De Gaspari, InvestBanca Fabio Pioppini, SAM - Sustainable Asset Management Faicy Aboobacker Hussain Faisal A. Al-Riyami Falgun Kantilal Vithalani, ICICI Bank Limited Fangyi Nie Farnaz Milani Marcello Fatticcioni, Aletti Gestielle SGR SpA Félix Sánchez Velázquez, Bansabadell Inversión Felix Schollmeier, IESE Business School Fergus Healy Fiona Southall, AXA Investment Managers Flemming Bennedsgaard Petersen, Nordea Investment Management Funds Florence Anglès Florence Lo, PCM Capital Limited Florian Wiedmer, State Street Fondsleitung AG Natalia Fontecha Moles, BBVA Francesc Xavier Blanquet Oriol, BanSabadell Inversión FRANCESCO MALVETANI, Banca Intesa ad Beograd Tassinari Francesco Francisco Blasco Sáez, Bancaja Fondos SGIIC, SA Francisco Javier Codina Bouso, SOCIETE GENERALE Francisco J. Garrido François Mouchati, RBC Dexia Francesco Barbarino Frank E. Benham, Meketa Investment Group Frank Bisdorf, UBS Frank V. Bukowski, JPMorgan Chase Bank, N.A. Frank Thomas Fiore Frank Hoffmann, Allianz Global Investors Product Solutions FRANK MASHOKO MAGWEGWE, INVESTMENT SOLUTIONS LIMITED Frank Petschke, UBS AG Frank A. Shepard, Chart Capital Partners Frankie Poon Franciscus Verhaar, bfinance Fred D. Jolivet, U. S. Securities and Exchange Commission Frederick Willshire, Citi Yida Freddie Chen, Deutsche Asset Management (Hong Kong) Ltd. Frédéric Bertholon, UBP - Union Bancaire Privée COHEN Frédéric, ADI/NewAlpha Advisers frederic colpo Frederic J. CRETTEX, Pictet Cie Frédéric Ducoulombier, EDHEC BUSINESS SCHOOL Frederic Gagnepain, RBC Dexia Frederic PJL Guibaud, Dexia Asset Management Frédéric Pasteau, Pictet Cie Frédéric Thenault Frederick C. Wang Frieda Noelene Noone, State Street Fulvia Cagnetti, Union Bancaire Privée Gabriel Erasmus Gabriel Gómez, Strategic Investment Advisors Gabriel Kurland, Hedge Fund Appraisal Gabriel Petre, The World Bank Gaëtan Vandeloise, Swiss Life Gaetano Manno Gagan Deep Singh, Envestnet Asset Management Inc Gajendra Kothari, UTI International Limited Gale Eisner, Citigroup/Smith Barney Gana Pemmanda Peter G. Duncan, PNC Bank Capital Markets Gary M. Giamo, gg Gary R. Greenbaum Gary L. Johnson Jr., Pershing Advisor Solutions LLC Gary SULTAN, Natixis Mulitmanager Gary Robert Tom, Wilshire Associates Inc.

CAIA Association Member Roster Gaurav Sekhri, State Bank of India GAURAV SHARMA Gautam Anand, ABN AMRO BANK Gautham Kuppampatti Gavin J. Doyle, WestLB AG Geir Arne Watland Eugene P. Foley, Jr., T. Rowe Price Genevieve Heng Miang Ing Geoffrey Alan Wainwright, Bank of America Geoffrey Hall, National City Geoffrey Lasry, Pacific Alternative Asset Management Company George Bryan-Orr, Trident Trust Company (Guernsey) Limited George Hao Ding, First State LLC George B. Ehrler, Santander GBM George Fisher, KOM Capital Management, LLC George Herman, Eskom Pension Fund George Nikas, Endevon Capital LLC George Simon Edward Gibbins, Westpac Institutional Bank Gerald S. Chew, Meketa Investment Group Gerard G. Trevino, AAA Capital Management Advisors Gerard John McNamara, Union Bancaire Privee Gery T Blackburn, RSM McGladrey, Inc. Gian Carlo Siracusa, Pictet Canada Gianpiero Raffa, Man Investments Giles Adu, brook street partners (Jersey)Ltd LE CORSU Gion Cavegn Giorgio Loi, Julius Baer Lugano Gisela Medina Andrés, BBVA Glenn Allen Cleland, University of New Brunswick Glenn Paradis, AEGON Capital Management Gonzalo Alcalá-Galiano Herrera Gonzalo Cuadrado Quiles, EDM GONZALO MURCIA, BNP PARIBAS SPAIN Goran Gusic, VIP Asset Management Gordon F. Barnes, Cambridge Associates LLC Gordon R. J. Bell, Scotia Capital Malgorzata Eggimann, Strategic Investment Advisors Malgorzata Talanczuk, Alberta Investment Management Corp. Michael Gregory Filbeck, Penn State Behrend Gregory J. Hogan, Coastal Capital Gregory J. Kulka, New Mexico State Investment Council Gregory R. Rawls Greg Uebele, The Boeing Company Gregoire Mivelaz, SJ Seymour Group Gregor Bienz, Bank Frey Gregor Conrad Gregor F. Etzweiler, 47 Degrees North Capital Management Gregor Manfred Arthur Hirt, Schroder Investment Funds (Switzerland) AG Gregory M. Dowling, Fund Evaluation Group Gregory Marchand, Julius Baer Gregory Molinaro, CPR Asset Management Gregory S. Sutton, Paulson Co. Guenther Kornfellner Guillermo Cullerés, BANSABADELL INVERSION Gunther Jost Gupta Venkata Subbarao Batchu, Bank Of America Gurinderdip Singh Saggu, RBC Dexia Investor Services Trust Gwenole Le Blevennec, Lepercq, de Neuflize Co. Habib Masuod Hakan Semiz YENIAVCI HALIL, Credit Suisse Hamish C Blackman Johannes Coetser, RMB Asset Management Hans-Georg Tuschek, Schelhammer und Schattera Hansjörg Hettich, Man Investments Hao Liang Sung, MASSMUTUAL ASIA LIMITED

Harish Kumar, Alvarez and Marsal Harjeet A Singh Harold Gregory Moore III, Blackhill Partners Harry Peter Rosenbaum, Norddeutsche Landesbank Luxemburg S.A. Harry N Ward III, Howard Financial Services Hatem Abdulmoti S. Merdad, Tusdeer Havell Rodrigues, Venus Capital Management, Inc. Lim Hean Eng Kevin, DB RREEF Heather K Hodge Héctor Martín Román, BANSABADELL INVERSION Heinrich Weber Hendrik Schwarz, Deutsche Bank Asset Management H.H.H.M. Brueren, Monitor Capital Partners N.V. Henry Gee Hung Chau, SEI Investments Henry Ching, Watson Wyatt Investment Consulting HK Ltd. Henry Mitchell-Innes Henry David Pleau, Bank of Nova Scotia: Scotia Capital Herman-Bosman Brandt, TriAlpha Investment Advisors Ho, Shing Yan Heron, Tokio Marine Investment Services Hilary A. Wiek, South Carolina Retirement System Hiral N. Patel, Abu Dhabi Investment Company Hiroto Takahashi, Sompo Japan Insurance Inc. Leung Ho Po Wong Ho Yin Holger Frey, DWS Holger Wehner, RCM Allianz Global Investors Hongyan Sun, Ameriprise Financial Hongyu Cai, Goldman Sachs Co. HSIAO-LI LIN Wang Huixin Jung Hyuk Jin, Limkwang Engineering Construction Co., Ltd. Lim Wui Boon Ian Dalton, Babson Capital Management LLC Ian Christopher Klass, Bank of America Ian Shea, bfinance Ian Hui Yuen Teh, BT Financial Group Idan Shani, Antarctica Asset Management Ignacio Calleja Francisco Ignacio Moreno Gorostizaga Igor Beretta, Julius Baer Iñaki Arcocha Torres, BBVA Irene Gil Beijnsberger, Cajamar Gestión S.G.I.I.C. Irene Goh L. L., UBS Global Asset Management Irene López, Deutsche Bank Isabelle Djian Ivo Hubli, RMF Investment Management Jörg Willig, DekaBank Frank Chism J. Michael Fields, Hatteras Investment Partners John C. Stilley, UPMC Health System Jaakko P. Karki, Blue White Alternative Investments Ltd Jack C. Chow, CRV Capital, LLC John P. Dwyer, Hammond Associates Jacob A. Baldridge, Cole Partners Jacob Mulla Punnoose Jacob M. Smit, Robeco Jacob M Weinig, Goldman Sachs Jacqueline C. Maduneme Jacqueline Wu Jacques Andre' du Plessis, Orange Capital Jaene Ellis, Pioneer Investments Jaeson Dubrovay, NEPC Jagdeesh Prakasam, Rotella Capital Management Jai Bhatia Jake M. Levey, Lotsoff Capital Management James J. Abodeely, Paragon Investment Management James C. Bachman IV, The Burgiss Group James Bruce Burron, ICICI Wealth Management Inc. James L Costabile, Merrill Lynch James Fava, UBS AG

Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

James E. Gore, Thor Investment Mgt, Inc. James Richard Hughes, HSBC Investments James Hutton James C. LaDue, Imagine Software James Loveday Laghi James J. Malo James R. Maughan, UBS AG James C. McGrath, Brooks Capital Group James Perry, SBCERA James P Reichard James C. Rogers, Teacher Retirement System James Anthony Edward Rous, Thames River Capital James Steinbugl, Johns Hopkins University James A. Waggett, Bank of America James C. West Jamie A Coleman, EFG Wealth Management Jamie M. Tong, Zais Group Jan Kordisch, RISING STAR AG Jan Koskenniemi Jan-Erik M. Skoglund, Hamilton Lunn Ltd Jan-Willem Ruisbroek, APG Investments Jane Buchan, PAAMCO Janet Yuen Jie Janice Tang Jardin Schnurr, Greystone Managed Investments Jared Fuller Jarret Christie, Citadel Investment Group, L.L.C. Jasmine Zhong Yu, Franklin Templeton Investments Jasmit Singh Chandhok Jason Carl Campbell, Eckler Ltd. Jason Flowers Jason Gerber, Rogers Investment Advisors Jason Gonias, Channel Capital Group, Inc. Jason Dale Isaac, HSBC Investments (Canada) Jason Kirchhoff, RBC Dain Rauscher Jason E. Levey, Canterbury Consulting Jason Chi-ho Mak, HSBC Jason Pang, UBS AG Jason Remillard, University of Massachusetts Jason P. Revland, Morgan Stanley Jason Daniel Robisch, Meadowlands Management LLC Jason Richard Tucker, Oppenheimer Co Inc Jason Venning Jason T. Wallace, Austin Capital Management Jason A. ZumBerge, Altegris Investments Jasper Meijerink, citibank Javier Alonso Jiménez, Credit-Suisse Javier Núñez Martínez, Banco Urquijo Javier Panizo Javier Sanchez Del Val, Ibersecurities S.V. S.A. Jay Buozzi, HSBC private Bank Jay Camhi, SSARIS Advisors, LLC Jay Hiremath, GlobeOp Financial Services Jay Christopher Homuth Jay Parmar Jay Charles Untiedt, Jeffrey Slocum Associates qinjie yang, QIC Chiu Sai Kar Jaye, UBS AG Jayesh Veerkumar Soneji, FirstRand Private Wealth Management (Middle East) John-Casey O'Hara, Bloomberg JD Montgomery, Canterbury Consulting Jean Patricia Stratton, US Trust, Bank of America Jean Pierre Verster, Melville Douglas Investment Management Jean-Christophe VAN TILBORGH Jean-Francois Crousillat, JP Morgan Jean-Francois TORMO, Lyxor Asset Management Jean-Jacques Prêtre, LGT Bank in Liechtenstein Jean-Marc Dupuch, Prodis Advisors SA Jean-Marc Lange Jean-Paul Labossière, Kredietbank Luxembourg Jean-Pierre Matt, BIS

CAIA Association Member Roster Jean-Sébastien HENRY, BÄRCHEN Jean-Sébastien Lassonde Jeff J. Conway Jeff Gatto, Morgan Stanley Jeff Lucyk, BluMont Capital Jeffrey L. Alt, Prudential Fixed Income Management Jeffrey Concepcion Jeffrey R. Glattfelder, Citigroup Jeffrey M. Huber, Huber, Weakland Associates, Inc. Jeffrey P. Mellas, Wells Capital Management Jeffrey D. Mersman, US Securities Exchange Commission Jeffrey L. Porter, Connor, Clark Lunn Private Capital Ltd. Jeffrey R. Santerre Jeffrey Standard, LaSalle Bank Jeffrey L Stouffer, Mercantile Capital Group Jeffrey A. Trahan, Deere Company Jeffrey James Vale, Infinity Capital Jeffrey T. Yager, Landmark Advisors LOW Jeng-tek, Gems Advisors (Asia) Pte Ltd Jenna L. Bussman, Adair Capital, LLC Jennifer Arnold, cppib Jennifer A. Craig, Bank of America Jennifer Johnsrud, TEAM Wealth Investments Jennifer L. Suden, Auda Hedge Jens Muenster, Likedealer Pty Ltd Jensen Chung Hoon Ko, Weston Capital Jeremy A. Boraks Jeremy J. Kiefer, Brighton Jones Jeroen Vendrik Jérôme F. Castagne, Dexia Asset Management Jerry M. Harris, Welton Investment Corporation Jerry Polk, Jr. Jerome Michael Rueckert, HammondAssociates Jerry L West, Merrill Lynch Yang,Jian James T Farmer, US Trust Shaojun Wang, Novartis Corp Jinsung Yoo Jiri Lembak, Striker Securities Jo BUYLE, Dexia Asset Management Luxembourg S.A. JOAN K. ROCKEY, Hadelrock Capital Management, LLC Chan Suet Ngor, Credit Suisse Joanne Sinclair, BNY João Pedro Santos, Commerzbank AG Joav Ungar, Erste Bank Jochen Huengerle, Helaba Invest Jochen Kayser Jodi C. Bisson, Liability Solutions Jody Welsh, E.I. Sturdza Strategic Management Limited Joseph M. Cullen, Amherst College Joseph Michael Labella, Diefendorf Capital Planning Assoc. Joe, Kwok-Wai Leung, EFG Bank Joerg O. Blickensdorfer Johan Svensson, Banco Sabadell Johann Georg Fuerstenberger, MEAG John Alban, NGP Energy Capital Management John Craig Anderosn, Deutsche Bank AG John Wright Apperson III, Centennial Partners, LLC John Noel Baillie John Richard Baker, Canaccord Capital John Andrew Brajevic, Amphora Capital Partners, Inc John C. Campbell John Casano, Torrey Associates, LLC John Charlton, Globalex Consulting Ltd John Brown Cox, Charles D. Haines, LLC John R. Crittenden, Crowell, Weedon Co. John R. Cusick John Davey, Bestinvest Brokers John Kenneth Gillbanks, Samba Financial Group John R. Graham John L. Griffith, III, BlackRock John Han, Esionary LLC John R. Keeling Jr.

John F. Kemmerer, Zeke Capital Advisors, LLC John L. Krieg, Northern Trust Global Investments John Malcolm Lilley, Citigroup Private Bank John A Lovell John P. McCarthy, MB Investments, LLC John W. Michitsch John P. Middleton, Brighton Financial Planning, Inc. John Moehling, The David and Lucile Packard Foundation John P. Mohr, Goldman Sachs Asset Management John Ng, Transamerica Asset Management, Inc. John Gerald Phillips, BNP Paribas John M Radzinski, Van Kampen Investments John Kevin Russell John R. Russo, Merrill Lynch John Sheppard Shanklin, New England Pension Consultants John Francis Sharkey, Merrill Lynch John P Shearman, Albourne America LLC John D. Shook, De Putron Fund Management John F. Sievers, Citigroup Alternative Investments John Smith IV John Strohman, Quantitative Management Associates John B. Winkler, LaSalle Bank John Bernard Power O'Keeffe Johnny Lam, Franklin Templeton Investment Jon P Amess, Olympia Capital Management Jon M. Del Vitto, Jr. Jon Ho, HSBC Alternative Fund Services Jonathan T. Swanson Jonathan L. Williams, Evergreen Investments Jonas Andersen, Pemba Credit Advisers Jonathan Charles Cohen Jonathan E Cordo, Morgan Stanley Jonathan Paul Horgan, Independent Fiduciary Services Jonathan J Miles, Mercer Jonathan P. Straub, Convergent Wealth Advisors Jongwon Oh, Samsung Investment Trust Management Jordan Flowers, LGT Capital Partners (USA) Inc. Jordan Warren, Octane Research Inc. Jordi Molins, Grupo Santander Jorge Martret Redrado, Món Gestió S.A. Jose Antonio Llamazares Esteban José Luis Moreno, Solventis Gestion Jose Luis Verde Arnaldo, FIM Advisers LLP Jose Maria Criado, Banco Bilbao Vizcaya Argentaria (BBVA) Joseph A. Barrett, Citigroup, Inc. Joseph M. Di Censo, Lehman Brothers Joseph M. Fetzer Joseph Gil, Morgan Stanley Joseph Quek Han Ming Joseph G. Rose III Joseph Charles Simpson, Gresham Partners, LLC Joseph B. Sindelar, Jr., Crossroad Capital Partners Joseph O. Troy, UBP Asset Management Joseph Zitoli, Bank of America Joseph Ho Li Hwei Josephine Living, Societe Generale Josh Parrott, Hatteras Investment Partners Joshua J. Dawson, SWMG Joshua A Harris, 1776 Financial Services Joshua Kenter, DKR Capital Joshua D. Kenyon Josianne Nanchen Jotaro Shizuka, Private Equity Funds Research and Investments Juan José González de Paz Juan Carlos Parra, Citadel Juan Jose Tenorio, CAIXA CATALUNYA GESTIO Juan Ramón Caridad García, Atlas Capital Juliane Proelss Julio C. Franco, Merrill Lynch Co., Inc. Julio Martín Benito Mohammad Junaid Farooq, Mashreqbank psc

Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

Jung Kyu Ahn Jung-Wook Song, Samsung Securities Justin Paul Balas, Welton Investment Corporation Justin Ajetey Boye Justin H Y Chan, HSBC Global Asset Management Justin S. Lenarcic, Wachovia Justin Joseph Miran, SG Asset Management - Alternative Investments Justin Patrick Nance Jürg Unteregger, SWX Swiss Exchange Kike B. Edwards Ka Ying Timothy Fong, OSFI Canada Lee Kai Wai, FLYTECH INVESTMENT LTD Kaijie Tan Kamil Jan Gaworecki Karambir Singh, Morningstar UK Ltd Karen K. Chandor, Hammond Associates Karen A. Labenski Karen Daly Pinder, EFG Bank Trust Bahamas Ltd Karen M. Ryba, Morgan Stanley Karim M. Guessous Karim Krissat, AXA UK Karim Panju Karim Rozwadowski, The NIR Group LLC Karla J. Chitty, Prima Capital Holding, Inc. Karri Budnick, Standard Chartered Bank Karsten Legner, UBS Katalin Egyed, LCG Associates, Inc. Kate Caldwell Nevin, TSWII Katherine E. Farren, Premia Capital Management, LLC Katherine H Sit Kathy K. Sato, PhaseInvesting Technologies Kathleen R. Randall, CTC Consulting LLC Katy Ann Clymo, Macquarie Securities (USA) Inc. Kayvan George Ghassemi KC Connors, Jeffrey Slocum Associates Keith P. Gornish, JPMorgan Chase Keith C. Nelson, Hatteras Investment Partners Keith Saldanha, Man Investments Keith Tetsuro Tanabe Kelli N. Kasten Kelly Lindberg, HSBC Private Bank UK Ltd Woo Ka Lai Kelly, Income Partners Asset Management (HK) Ltd Kelvin Ng Kelvin Hok Yin YIP, iFast Financial (HK) Limited Kemper Ohlmeyer, Cieo Capital Ken Chin Chung, Vision Investment Management Kenneth Gaye, KBC Asset Management Ltd Ken Hirose, Nikko Asset Management Kenneth B. Lambert, Nevada PERS Kenneth T. Millar, GenSpring Private Equity Hui (Jasmine) Jiang Chu Keng Pang, Malaysian Rating Corporation Berhad Kenley Ngai, JPMorgan Chase Kenneth W. Stemme Kent L. Wegrzyn, ACA Compliance Group Kentaro Nakamichi, Ernst Young Kerry Kim Wai Ching Kerry A. Edwards, Bank of Florida Kerry Levoir Kevin A. Burrows Kevin Byrne, Hirtle Callaghan Kevin Edward Ewer, Blue Ink Investments Kevin Christopher Irwin, GML Capital LLP Kevin P. Langdon, CapitalBridge Kevin E. McKay, Black Lab Capital, LLC Kevin Michael Schmid, Highmount Capital Kevin R. Shannon, Silver Creek Capital Management, LLC Kevin J. Sullivan, SSGA Kevin Quaid Tatlow, New England Pension Consultants KHALIL MICHEL AMIOUNI, Equity Partners Khaoula Begdouri, Barclays Global Investors

CAIA Association Member Roster Kheng Siang Ng, State Street Global Advisors Lai, Khing Lee (Sonia), Allianz Global Investors Korea Limited Kin Chin, Mercer Investment Consulting KUNG Kin Chung Kira M. Zevan, Mourant Fund Services Klaus Tappolet Ko Tseng, Chinatrust Commercial Bank Konrad Kania Konstantin A. Danilov, John Hacock Konstantin Kavvadias, Sal. Oppenheim Konstantin Tcherepachenets, Bank of America Kota Nakako De Souter Kris Nikolaas, Dexia Bil Global Private Banking Kristin M. Reynolds, NEPC Kristine Ann Loftus O'Connor, U.S. Securities Exchange Commission Kunkun Hendra Sutantodinata, JP Morgan Kunle Fadeyi, Lincoln Financial Group Kurt Michel, Deka Investment GmbH Kurt W. Silberstein, CalPERS Kurt A. Voldeng, Alternative Investment Strategies Lamya Mounaïm, UBS Lance F. Hallam, Bank of America Lance D. Larsen Lance Y. Zhou, Abbott Capital Management, LLC Lansford E. Dyer, Barclays Capital Lara M Branton, Cabezon Capital Lazaro Gonzalez LAURA MERLINI, Fortis Prime Fund Solutions Laura H. Sage, Castle Creek Arbitrage Wai Chun Wong Laure Miché, Barclays Lauren Kelly Kurz, William Harris Investors, Inc. Lauren Michelle Stevens Laurens Patrick Rensch, Company Laurent Bademian, Eurodif SCHWARTZ LAURENT, ASSET ALPHA Laurent Weinberg, Lyxor Asset Management Laurentino Rodriguez Goh Loo Lin, Citigroup Private Bank L. Michael Ladd, HighMark Capital Management Hong-Mern Yong, STANDARD CHARTERED BANK Lea Blinoff, HSBC Private Bank Leandro A. Festino, Meketa Investment Group Anthony Lee Minniti, Harris Alternatives LLC Lee Michael Swartz, University of Southern California Leif C. Gunderson, Jeffrey Slocum and Associates Leo P. Tallon, UBS Financial Services Inc. L. Clark West, U. S. Trust Leonardo López Vega, THREADNEEDLE PORTFOLIO SERVICES LIMITED Leslie June McCormick, ScotiaMcLeod (Division of Scotia Capital) Li Ping TAN Audrey Wong Li Ping LIMIN YANG, CPP Investment Board Lina Santana Eidel Linda Pells Calnan, HFRRF Linus Nilsson, RMF Investment Management Linus Sluyter, Bank Sarasin Co Ltd Lisa A. Cavallari, Russell Investment Group Lisa Meyer, Dow Jones Indexes Lisandro J. Chanlatte, Citi/Harvard Business School Livio Saponaro, EPS Value Plus AG Lloyd F. Hussey, Alternative Asset Investment Mgmt. Lloyd Kawara, BMB Investment Bank Lakhindar Banerji Lorenz Arnet, EFG Financial Products Lorenzo Coletti Perucca, Pictet Cie. Europe SA Loring A. Brown II, Citigroup Alternative Investments Sereyjol-Garros, SG CIB Louis Green, Detusche Bank

Louis Porta, BANK OF AMERICA Louis Zanolin, NARA Capital SA Louise A. Howard, YMCA Retirement Fund Lovesh Vashist, Al Suhail Investments SAOC Lawrence T. Lawler, Credit Suisse Lu Chang, Wachovia Corp Luca F. Alberti, Swiss Re Luca Rossi, Finter Bank Zuerich Luca Anzola, Aletti Gestielle Alternative SGR S.p.A. Luciana Faoro, Bank Sarasin Cie AG Ludovic, Léon MESNIER, Thomson Reuters Lui Yat Kai Luis Insula, BBVA Luis Castro da Fonseca, GPS Planejamento Financeiro Lukas W. Frey, LGT Lukas Wachter Luke Donenfeld, Advisors Asset Management Lynn M. Laws Lyuben Georgiev Petrunov M C Karthikeyan Iyer, Tata Capital Ltd Michael Bruce Campbell, StoneCastle Investment Management Mei Yee Anna Lui, Attalus Capital Maarten Heijm, AlpInvest Partners Madhubabu Kodali, Fertilemind Capital Mads Jensen Mahjabeen Zaman, Deutsche Bank A G Maila Licia Schärer, UBS SFA AG Malcolm H. Levy, Kudu Emerging Markets Manabu Shibuya, Mizuho International plc Manal Nasseredine Manoj Ram Dani Manshaant Vohrah Mansour Sindi, Aspect Capital Ltd. Manuel Kalbreier, Citigroup Manuel-Yutaro Rubio Inoue, Allfunds Bank Manuel Salvisberg Marc Henri Barrail, EIM SA Marc Buhlig, Novartis Enzler Marc, SwissAnalytics Marc Pfenninger, Fonds de Compensation AVS Marc Posso, JP MORGAN Marc Wong, Bank Vontobel AG Marc Philippe Wurlod, Pictet Cie Marc Wydler, Man Investments AG Marcel Wagner, Credit Suisse Marcel Wetzels Marcio Verri Bigoni Marcio Yukio Yamachira Marco A. Infuso, PIONEER Investments Marco Mossetti Marco Pacheco Romero, Mirabaud Cie Marco Ranieri, EFG Bank Marco Rateitschak, UBS AG Marco Salvini, Gulf International Bank UK Limited Marcos Montes de Souza Marcus Radi Marcus Teo Choon Yong Maria Bergliden French, Barclays Wealth Maria Wus, MD Funds Management Mariana S. Petermann Marianne Hughes Kennedy, Lifespan Marin Simac, Deloitte Consulting Marivi Lorente Ozcariz, N+1 Gestion Alternativa Mark C. Abrahamsen, Offit Capital Advisors Mark Kenneth Bhasin, CWCapital Mark Philip de Vries, Ashbridge Investment Management Mark Oliver Engler, SCM Strategic Capital Management AG Mark A Hadley, Milliman Mark A. Hausmann, Delta Partners, LLC Mark T Kelly Mark Patitz McGraw, Yankee Advisers LLC

Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

Mark Erwin Petit, Cardano Mark D. Randall, Convergent Wealth Advisors Mark Bryce Seaman Mark R. Siddoway, Lehigh University Mark Thorne, Pension Benefit Guaranty Corporation Mark D Tisdell, Macquarie Bank Mark Andrew Van Kouteren, Evergreen Investment Management Mark C. Vorhees, Aon Investment Consulting Mark Wanless Mark R. Weiss, Bengal Asset Management LLC Mark Pang-Chung Wu, U.S. Trust Mark P. Youngblood, Aequitas Capital Management Marko Wolfl, LOCUSTA INVEST LTD Markus Gumpfer Markus Huettinger Markus Laber Markus Lengacher, UBS AG Markus Obrist Markus Roennau, JPMorgan Markus D. Schaub, LBBW Markus Unterhofer, Credit Suisse Maroussia Guillemot, Anaxis Capital Marsha Gayle Johnson, HSBC Alternative Investments Ltd Marthel Edouard, Landesbank Berlin AG Martin Eltner Martin Roy Fraser, Hillsdale Investment Management Inc. Martín Gabaldo, Optimal Investment Services S.A. Martin S. Grassmayr, AAM Privatbank AG Martin R. Koch, AEW Capital Management Martin Larsson, OPM Martin Lembak, Striker Securities, Inc. Martin Raab, BayernLB Martin Rossner, Man Investments Martin Rupp, 3 Banken Generali Investment GmbH Martin Suri, Equation Risk Asset Management Martina Janeckova, Capital Growth Advisors Marvin Kuon Tong Mary E Smith Marzuk Mohammad Tafsirullah Mathias Maradan, Wegelin Co. Private Bankers Mathieu Fouquin, BNP Paribas - Overlay Asset Management Mathilde Rochereau Reid Matthew Alexander, Stark Investments Matthew DenBleyker, ASRS Matthew Paul Jachimiak, Durbin Bennett Peterson Matthew M. Richeda Matthew P. Talbot, Bristlecone Advisors Matthew Balaker, Bristol Capital Advisors, LLC Matthew Todd Berkowitz, Citigroup Private Bank Matthew Bruno, UBP Asset Management Matthew George Butcher, Brewin Dolphin Securities Matthew A. Carrara Matthew A. DellaRocca, Bloomberg LP Matthew P. Gerber, Kirkland Ellis Matthew D. Henry, Nexbank Matthew G. Kosara, HGK Asset Management, Inc. Matthew Krimm Matthew T. Lenehan Matthew D. Liebman, Old Iron Hill Capital Management Matthew Brian Marsh Matthew C. Mead, Citi Institutional Consulting Matthew I. Mordus, XL Capital Investment Partners Matthew Partain, Banc of America Securities Matthew D. Rittenmeyer Matthew M. Roddy, United States Trust Company, NA Matthew S. Salvitti, JPMorgan Matthew J. Strube, Teacher Retirement System of Texas Matthew Towsey, BDO Stoy Hayward LLP Matthias Pem Matthias Will, BIS Matthieu Mougeot, UBS

CAIA Association Member Roster RIVIERRE, Natixis Multimanager Maura Gianola-Bettosini Maurice Wai Cheung CHOI, Standard Bank Asia Maurice Murphy, Fortis Prime Fund Solutions Mauricio Tejeda Mauro R. Scotti Max Butti Max Joseph Corvin, K2 Advisors Max D. Kotary Maxime Seguineau Maximilian De Maria Mayank Vishnoi, Darashaw Company Mebane T. Faber, Cambria Capital Megan E. Ramsay, Symphony Asset Management Megan Green, State Street Corporation Melissa To Meng Wee Tan Meredith E. Pyne, Octane Research, Inc. MERLIN RORY PICARDO, ADVENTITY INDIA PRIVATE LIMITED Merritt M. Townsend Mike Archibald Michael Armitage, Alphapoint Capital Michael W. Azlen, Frontier Capital Management LLP Michael D. Barben, Partners Group Michael G. Bernstein, Financial Risk Management Michael Boensch Michael Bok Chwee Wei Michael Buerer Michael D. Bulley, Steben Company, Inc Michael Alexander Caro, Armory Adviors LLC Michael H. Carsley, Red Kite Michael H. Casel, Haverford College Michael D. Christian, Bank of Oklahoma Michael Conroy, Swiss Re Michael Philip Alexander Coote, TOWER Asset Management Ltd Michael Wynton Crook, Lehman Brothers Michael Thomas Dirstine, State Street Global Advisors Michael Dyer, Morgan Stanley Michael A. Edmonds, Morgan Stanley Investment Management Michael Fischer Michael M. Fox-Rabinovitz, Citigroup Michael Peter Gentile Michael T. Hansen, Fairway Capital Partners (UK) LLP Hsu, Tung-Kuang, UBS Global Asset Management (Taiwan) Ltd. Michael G. Hughes, Cornerstone Advisors Inc. Michael C Kempner, KS Capital Partners Michael Krugolets, JPMorgan Michael Kuprianczyk, Allianz Global Corporate Specialty Michael LeBel, John Hancock Michael Levin, Pacific Alternitive Asset Management Michael S. Lutz Michael Patrick Manning, NEPC Michael Kevin McCaffrey, Dimensional Fund Advisors Michael E. McCarthy, Deutsche Bank Michael John McNeil Michael Mueller Michael Negele Michael H. Nicks, Pepperdine University Michael B. Petersen, acadia capital Michael Perkins Phipps, Morgan Creek Capital Management, LLC Michael J. Rucker, Citi Hedgefund Services N.A. Luis Michael Sala Michael H. Sankowski Michael H. Saslow Michael J Serio, Citigroup Private Bank Michael J. Shedosky Michael Shek, ABN Amro Bank NV (USA)

Yuan-Hen, Michael, Shen, Provident Investment Management LLC Michael Steven Marc Staresinic, Integrated Asset Management Corp. Michael Stastny, Erste Bank Michael Stutz, HNW Family Office AG Michael J. Swanson, Pacific Alternative Asset Mgmt Michael H. Tagami, U.S. Trust - Bank of America Michael Welz, Merrill Lynch Michael Wicki Michael Lap Shun Chau, Standard Chartered Bank Michal Kemp, LK Advisers Ltd Michal Wiernicki Michel Rood Michel Winkler, New Private Bank Ltd Michelle Y. Pak, The Rockefeller Foundation Miguel Villalba Leirós, Morgan Stanley Miguel Ángel Montero Moreno, HSBC Global Asset Management Michael Clancey, Board of Pension ELCA Michele C. Del Tergo, Key Bank Michael J. Dellapa III, Rydex Investments Michael Otto Kurz, 1st Global, Inc Michael Freeman Leifeste, TTSTC Michael P Mitchell, Alternative Asset Partners Michael A. Robbie, Mercer HR Consulting Millie Tsui Ling Lam Milton S Kim, Credit Suisse Mimi Wing Sze Tong, Albourne Partners (Asia) Ltd. Ming Chiu, JPMorgan YUEN, MING FAI Mingjia Liang, Nondisclosed Minsup Han, Millbrook Investment Co. Tan Mio-We, Antas MIQUEL GOMÀ LLEONART, BANSABADELL INVERSION Miran N. Ahmad Miren Pujol Galarza, Criteria CaixaCorp Mirko Häring, Union Investment Institutional GmbH Mohamad Ali Bissat Mohammed A. Abdulmalik, Deutsche Bank AG Mohammed Askari Chandoo Monica M. Miller, Gyre Capital Management Morgan Gough, Connor Clark Lunn Mouakhar Tammam, CDP Capital Mounir Hassanaly, Evolvence Capital Mubin Sadikot, Macquarie Bank Limited (London Branch) Mufazzal Kajiji, First Gulf Bank Muhammad Ali Lawai, Fidelity Investments Adelene Tan Mui Li, GIC Mun Yee Ng Nadine C. Roulet, Primores AG Nadja Wäfler, UBS AG Naeem Badat Nandesh Suresh Wagle Nandita Sunil Mehta Narongrit Suptippayarattana Natalia Mazitova, SunTrust Robinson Humphrey, Inc. Natalie De La Calle Nataliya Zushynska Robert, BCV Nathan W. Behan, Prima Capital NAVNEET MUNOT, SBI Funds management Private Limited Ndabezinhle Mkhize, Acucap Limited Tang Nee Kee, GFIA Pte Ltd, Singapore Neel Patel, Evergreen Investments Neeraj Shyam Hingorani, Trivium Investment Management Company Neha Aurora, Meketa Investment Group Neil Ross Chelo, Benchmark Plus Neil Oliver Dorrel, Newport Asset Management LLC Neil Gavacs Neil David Hamilton

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The Global Mark of Distinction in Alternative Investments

Neil Kotecha, BNY Mellon Neil Rock Neil Scrase, Gottex Fund Management (HK) Ltd Neus Ametller Serrat Ni Made Desi Ariani Niccolo' Badoglio di Addis Abeba Nicholas Conan Combs Nicholas P. Harrell, Georgia-Pacific Nicholas G. Keyes, Shenkman Capital Management Nicholas J. Maffeo, Altegris Investments Nicholas A. Milnes, Adveq Management AG Nicholas Paris, Purbeck Advisers LLP Nicholas L. Willoughby Nick J. Cicero, Freestone Capital Management Nicholas Matthew Davies, Mercer Nicholas Briggs Gogerty, fertile mind capital Nicholas Whitelocke, Aviva Investors Nicola Kerslake, SEI Investments NICOLA ANNE NAIRN Nicola Steiner BLATTI Nicolas, Credit Suisse Nicolas Constantin, Natixis CIB Nicolas T. H. Dang Nicolas Jego, LGT Capital Partners Nicolas Pierre Vialis Nicole Belmont, Far Hills Group, LLC Nicole Z. Hancock, Bank of America Nikolaus Cichy, Raiffeisen Zentralbank Österreich AG Nikoletta Sideri Nilesh Jayantilal Shah, Deutsche Bank Nils Ole Matthiessen, Deutsche Bank AG Niraj Sethi Niranjan Vemulkar Nisheet S. Bonde, Deutsche Bank Noel Evans, Threadneedle Investments Noel Chadwick Teo Sher Shen, United Overseas Bank Limited NOLAN OLSEN, FrontPoint / Morgan Stanley/Traxis Norman W. Stewart, Moody's Analytics Odeh J. Habash, Global Investment House Olaf Trenner, LGT Capital Partners Olawale Odeyemi Olga Dyakova, EBRD Oliver Seelbinder Olivia Rachel Ladenburg West, Shore Capital Olivier Aeschlimann, IAM Independent Asset Management Olivier Bourgi, Allianz Alternative Asset Management Olivier De Timmerman, Finalyse Olivier Doleires, Pictet Asset Management Olivier Govaerts, Banque Syz Co Olivier Hache, CAAM HISCHIER Olivier, Pictet Cie Olivier Keller, AIG Investments Olivier P. Mueller, Credit Suisse Olivier Parisi Olli Enqvist, Nordea Po On Ki, Angela, JPMorgan Chase Ozgun Turk Ozkan Ozkaynak, TEB Investment Pablo Ceberio, Altitude Investments Ltd PACOME BRETON, Pioneer Alternative Investments Padideh Jalali, UpperMark Padraig Connolly Ho Pak Wing Timothy Paloma Labaig Giménez, Electrabel Paola Bissoli, Saint George Capital Management Pascal Buschor, Ansher Fund Management Pascal S. Froidevaux, Froidevaux Cie Pascal Koeppel Pascal Spielmann, Spectrum Value Management Ltd. Pasha VAFAI, Prodis Advisors SA Patric Gysin Patric Klees, Capvis Equity Partners AG

CAIA Association Member Roster Patrice Crisinel, DEFI Gestion Patricia Núñez Barrueco, BBVA Asset Management Patrick J. Cunningham, Keeley Asset Management Patrick L Daly Patrick S. Deaton, Citadel Alternative Asset Management Patrick Holas, Goldman Sachs Patrick A. Holert, Sun Capital Research Co., Ltd. Patrick Michael Holway Patrick T. Horrigan, Bear Stearns Patrick J. Keating, Harris Bank Patrick Labusch, DekaBank Patrick Mermagen, Drake Management Patrick Moran, Bank of America Patrick O'Day, City National Bank Patrick Gerardus Oliemeulen, Insignia Advisory Patrick Reyes Patrick N. Shami Patrick K. Tierney, Banc of America Investments Patrik Lengacher Paul C. Adair, BMO Nesbitt Burns Paul Antony Bishop Paul Broxup Paul Chow, Global Benefits Paul Chi Kit Chung, Westlb Paul J. de Groot Paul Dzimiri, African Development Bank Paul J. Kronlokken, U.S. Trust Company Paul Anton Liva Jr., Hold Brothers Paul Longobardi, Columbia Management Paul Lai-Man John Lorimer-Wing, Apollo Real Estate Advisors Paul G. McDermott Paul Merlin, ABN AMRO Asset Allocation Advisors Paul Mohan, RMF Investment Management Paul James Musarra, Bank of America Paul Elliot Pocress, United States Securities Exchange Commission Paul Jeremy Ramer Paul T. Roth, KBC Financial Products USA Inc. Paul H Schultz, Bear Stearns Paul Jen Seto, Misfit Financial Group, LLC Paul Sheehan Paul Harold Stefansson, UBS Paul David Sylvia Jr., Cole Partners Asset Management Paul Thienprasit Paul Von Steenburg Paul M Wade, Depfa banl PLC Paul L. Wilkin, Hammond Associates Pauline Tan Pheck Lin Pavel Yakovlev, Morgan Stanley Pawel Majewski, Titian Global Investments Pedro Eloy Pardo Ecija, EBRD PEI WEI WOO Perry L. Wang, Texas Treasury Safekeeping Trust Company Peter Birchmeier, B+B Vorsorge AG Peter K. Braden, Braden Consulting, LLC Peter M. Brown Peter W. Brush, Jr., Merrill Lynch Peter Chiappinelli, Pyramis Global Advisors not available, GFIA pte ltd Peter F. Gardner Peter D. Gerlings, K2 Advisors Peter H St J Haynes, EIM (Gibraltar) Limited Peter Kim Peter J. Morici Peter J. Murphy, International Capital Research Peter Norman Oldacre, Camco Carbon Asset Deveoplers Peter Pavlov, OFI ASSET MANAGEMENT Peter See, DEUTSCHE BANK AG Peter S. Shedden Peter James Shippen, Ark Fund Management Peter Zagorianakos, N Associates, LLC

Petra Hoefer-Luetgemeier, Lombard Odier Darier Hentsch Petteri Barman Philip Bingham, Consulta Ltd. Philip M. Brides, BlackRock Investment Managers Philip H. Clinkscales, III, PPA Investments, Inc Philip J. Lauriello Jr. Donghyun, Ryu, Korea Investment Securities Philip A. Wong, MortgageIT Philipp Grüebler, Gruebler Invesment Management Philipp Maximilian Wilhelm Schaller, KPMG Benzimra Philippe, hsbc private bank Philippe Debatty Philippe Maupas, Quantalys Philippe A. M. Molitor Philippe Ferdinand Schenk, National Bank of Kuwait (Suisse) S.A. Pierre Bonart, HSBC Private Bank France / Louvre Gestion Pierre Saint-Laurent, AssetCounsel Pierre-Abel Maillard, Perpetual Limited Pierre-Yves Hofer, Lloyds TSB Piotr Łukasz Sochocki, Merrill Lynch Int. Pirmin R. Stutzer, Man Investments Pisit Jeungpraditphan, Siam Knight Fund Management Securities Co., Ltd NG PIT SONG, Schroder Investment Management Yau Po Kay Polina Zajkova Prateek Mehrotra, Sumnicht Associates Pravin A Nadgouda, Franklin Templeton Asset Mgmt India Pryesh Emrith, Acropolis Capital Przemyslaw Grajda, PZU SA JIN QiZhe Quyen N. Tran Rachel S. Farrell, Citigroup Rafal Szymczak Rajesh Manwani, UBS AG Rajesh Ranjan, Q-India Investment Advisors Rajkumar Rathi Ralph L. Warth, ABN AMRO Bank (Switzerland) Rama K. Malladi, Kubera Investments LLC Rana Bhattacharjee Randy G. Storey, bc Investment Management Corp Ranjan Bhaduri, AlphaMetrix Group LLC Raphaël Barth, UBS SA Raphaël Volet, Clariden Leu Rashid Khalid Alkhan, Kuwait Finance House (Bahrain) Ravindra B. Koneru Rawls Morrow Raymond Wai Man So, JP Morgan Raymond L. Trenum II, ICMA Retirement Corporation Rebecca L. Brei, Aksia LLC Rechelle C. Wyenberg Reginald D. Tucker, Tucker Dewitt Trust Regula Keller, Julius Baer René Dobler, Landesbank Baden-Wuerttemberg René Ebbesen, Danske Capital Rene Reisshauer Reto Lamparter Reto Meneghetti, Credit Suisse Reto A. Pfenniger, UBS AG Sigrist Reto, Man Group plc James Rex Merchant Ricardo Castillo Richard L. Bennett, AGS Benefits Group Richard W Brazenor, Frontier Capital Management LLP Richard Neil Burns, Watson Wyatt Richard K. Cacioppo, Jr. Richard Helmut Grauel Richard J. Harper, NEPC Richard A. Hindley Richard Aniroot Kobler, RMF Investment Management Richard Kyle Patiño, PNC Bank

Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

Richard Rodigari, Dexia Asset Management Richard B. Samuelson Richard Trybulski Richard Hugh Van Horne, Diversified Hedge Investment Advisors LLC Richard I. Kahn Richard Koffler, AIG SunAmerica Mutual Funds Ricki L. Martin, Disciplined Growth Investors Inc. Riki Frindos, Prudential Asset Management Robert C. Jackson, 1st Global Robert H Anton, Man Investments Canada Robert W. Beale, Louisiana State Employees' Retirement System Robert James Bennett-Lovsey Robert Cultraro, Hydro One Inc. Robert W Dannhauser, CFA Institute Robert Discolo, AIG Global Investment Corp Robert Farago, Schroders Robert Brian Goldsmith, Aviva Investors Robert Hanna, Berora Advisors Limited Robert C. Jamo, TCW Investment Management Company Robert J. Kenney, TCG Robert Koller, Clifford Chance Robert Lodewijks, Box Consultants Robert E. Maroney, Connecticut Investments Robert William Maxwell, Arrow Hedge Partners Inc Robert Mori Robert J Murphy Robert J. O'Donnell, Brigadier Capital Management Robert S. Parsons, Arrow Hedge Partners Inc. Robert A. Seiler Robert L. Watson, Chrysler LLC Robert Weir Robert M. Wood, Jr., Union Bancaire Privee Asset Management Robert Woodard, Emcor Securities, Inc. Roberto Bissoli, Saint George Capital Management Roberto Astore Brugnolaro-Friedrich Robin Edward Yeap Lowe, RMF Robin S. Wattinger, LGT Investment Management (Asia) Ltd. Roger Beutler Roger Theodor Prinz, Spectrum Value Management Roger Reist, UBS Investmentbank Rohit Bhanot Roland Müller, Nationale Suisse Roland Müller Rollance Adair Verkennis, The Resource Group Roman Pelka, The Carlyle Group Roman Walter, Fisch Asset Management Ron Ahluwalia, Lincoln Financial Group Ronald A. Bell Rory Kennedy, United Managers Japan Inc Rosa María Pérez Esteve, LODH Rosana Stacewicz Roxanne L Alexander, Evensky Katz ROY CHAN SIANG KHING, VisionHealthOne Corporation Rubens L. S. Henriques, UNIBANCO ASSET MANAGEMENT Rune Alexander Øst Russell T. Bloomfield, Columbia Management Russell E. Pidgeon Ryan Alexander Bailey, Meadows Foundation Ryan W. Braniff Ryan Patrick Conner Ryan M. Duncan, Newedge Financial Ryan K. Hart Ryan Patrick Hodapp, Bank of America Ryan W. Hurd, U.S. Trust Ryan C Kloster, Tudor Capital (UK), L.P. Ryan C. Kulik, Morgan Stanley Ryan L Matreyek

CAIA Association Member Roster Ryan S. Pickard, Salient Partners Robert Ryan Shelby, Northrop Grumman Ryan Gerard Sim Hock Chye, OCBC Bank Ltd Ryan D. Teal Sabine Adlwart Safdar Raza, Allied Bank Ltd Saiyi Suzuki Navarro, Valira Asset Management Sajal Jagdish Heda, Omran M Al Omran Partners Co Ltd Salman Mustafa Shah, UBS O'Connor Ltd Salvatore Cordaro, Credit Suisse SAM C. KWOK Sam Lim Kay Yit Samuel Lum Sam Sudame, Schultz Financial Group Samantha J C C Bower Samir Selim, UBS Wealth Management Samir W. Sidani, Ohio Public Employees Retirement System Sana Safavi Sandeep Vasant Mulay, Boston Analytics Sandra P. Stein, ICMA-Retirement Corporation Sandra Testani, Bernstein Global Wealth Management Sandrine Clesse, SG Luxembourg Sandrine Maïté Rol Sandro Luca Galfetti, Capital Dynamics Sandro Zwyssig, UBS Global AM AG Sanjeev Minocha, International Finance Corporation Santosh Shetty Sarah Allan Sarah E. Barnes Sarah Jouhal, IFM Trust Limited Sarah Lombardi, Startegic Investment Advisors Sascha Hilber, Credit Suisse Sascha Klamp, Les Bastions Investment Advisers Saul Cohen, Everest Capital Saurabh Kasliwal Saurav Banerjee, Meridian Capital Partners Inc Scott A. Baker, Athena Capital Advisors Scott D. Frank, Blue Spruce Global Advisors, LLC Scott Matthew Freund, family office research Scott Gibb, Cube Capital Scott Glickman, Ivy Asset Management Corp. Scott L. Jones, Goldman Sachs Scott Eric Keller, UBS Wealth Management Scott H. Lindell Scott Frederick Maguire Scott Allen Maidel, First Quadrant Scott Mosley, Mosley, An Independent Investment Firm Scott Oswald, Bristlecone Advisors Scott F. Perry, NEPC Scott Stephen Smith, NM State Investment Council Scott M. Struble, Morgan Stanley Scott Harold Summerford, Wells Fargo Sean Arp, Temujin Fund Management Sean Patrick Crawford, Barclays Sean William Byrne Gill, New England Pension Consultants Sean Moran, Citigroup Sean Nolan Sean Paterson Sean Touhey, Canterbury Consulting Sebastian Bruehwiler, RMF Investment Management Sebastian Emans, UBS Canonne Sébastien, Financiere Xelis Sébastien Dirren Sebastien Lacroix, Protrust Asia Sébastien Leutwyler, Lombard Odier Darier Hentsch Cie Sébastien Sallée, AXA Rosenberg Investment Management Ltd Secil Ozgur, Rule Financial Seema Mahesh Juthani, Union Bancaire Privee Asset Management (Bermuda) L Self H. Hamac, Citi Hedge Fund Services, Ltd.

Serene Ang Yeong Hwei, Citigroup Alternative Investments Serge-Alexandre Lauper, Horizon21 Alternative Investment AG Sergi Castellà, la Caixa Sergi Martí Prats, CREDIT ANDORRA Sergio Fernandez Sanz, American Express Bank Ltd. SERGIO MIGUEZ, Banco Sabadell Seth Daniel Moskowitz Seth H. Wohlberg, Far Hills Group, LLC Shahram BARIN Shan Twan The Shane Allen Miller, Angelo, Gordon Co. Shang-Shun Chou Shannon A. Pons, Babson Capital Management LLC Shantanu Alam, Katonah Scott's Cove Management LLC Sharam J. Honari, HedgENERGY Sharjeel Butt, Ernst Young Sharon H. Lin Shaun Wei Tjia Ng, World Bank Shaun Port, BDO Stoy Hayward Investment Management E. Shepard Farrar, InterAmerican Development Bank Sherlyn Cheah Sok Hiang, Credit Suisse Shirish Pai, Zouka Fund, Ltd. Shu Zhang, UBS Financial Services Inc. Shubhda Ponda Siddhartha Vaidya, TD Bank Financial Group Siddhartha Oberoi, Standard Poor's Silvia M. Wörgötter, Asset Allocation AG Silvio Halsig, Kraus Partner Investment Solutions AG Simon FRICKER, BNP Paribas Simon Aiden Good, Colonial First State Global Asset Management Simon Huber Simon P. Lim Simone O. Fevola Sing Chong Benjamin Lau, SEI Investments (Asia) Limited Siraj S. Presswala, aranca mumbai pvt ltd Siu To Daniel Lui, Eden Financial Sizwe O. Kamara, Morgan Stanley Skye Eva Macpherson, Colonial First Stat Investments Slawomir Zultak, European Investment Bank So Fun Wong Somsak Nontaganok, Krung Thai Bank PCL Son Nguyen, Areca Investment Management Soner Thomas Kistak Sonia Zeggane Sonja Irene Fabjan Satendra Saksena Soo Hyun Kim, SPARX Investment Research Sophie CHAUVEAU, abn amro Spencer H. Edge, Tiedemann Wealth Management, LLC Stacey L. Marino, State Street Global Advisors Gulistan Chaudhry, Thames River Capital Stefan Burth, Kraus Partner Investment Solutions AG Stefan Hüsler, Pemba Credit Advisers Stefan Kettner, SMN Investment Services Ltd. Stefan Kloss Stefan P Schwitter, EFG Bank Stefan Traut Stefan Wieler, Julius Baer Stefano Canossa Stefano M.A. Spurio, Bank Julius Baer Steffen Christmann, Feri Institutional Advisors GmbH Steffen Melgaard Stephan Bandini Stephan A. Colglazier Stephan Skaanes Stephan Steiger, Lupus Alpha Stephane Arvanitis, ING Investment Management Stephane Duckert, BNP PARIBAS Private Banking Stephanie E Collet, Hyde Park Investment Ltd Stephanie Elena Busuttil

Document generated Friday 13 February 2009 02:58:35 EST

The Global Mark of Distinction in Alternative Investments

Stephanie Golamco Stephanie M. Jaquez, The Ayco Company, L.P. Stephen J. Arena Stephen Bond Stephen Glen Hilbish, Shenandoah Life Insurance Company Stephen Thomas Klawitter, Altegris Investments Stephen G.Kleckner, Westwood Management Stephen P. Lewis Stephen Man, Jefferies International Stephen D. Masarik, Alan D. Biller Associates Stephen W. Morse, Sciens Capital Management Stephen Murray, Harvest Capital Management Stephen L Nightingale, Clearly Financial Stephen R. Spence, Terrapin Partners Steven J. Adelkoff, Kirkpatrick Lockhart Preston Gates Ellis, LLP Steve Deutsch, Morningstar Inc. Steven D. Ford, Echelon Capital Group Steve Kirschner, Russell Investment Group Steve Melling, Paul Melling and Associates Steven Plake Steve Wallace, CAIA Association Steven T. Algert, J Paul Getty Trust Steven Loell Avary, Moody's Investors Service Steven Scott Heuer, PA State Employees' Retirement System Steven James Price, Ohio School Employees Retirement System Stuart Chapin Fiertz Stuart Andrew Jackaman Stuart Neilson Subramanian Rajagopal Sue Bannon Wong Sui Man Hong Sung-Min, Citibank Korea Inc. SungWon(Loen) Chun, Standard Chartered First Bank Sunil P. Dalal, Griffon Energy Capital LLC Suraj R. Panjwani Suryanarayanan Balasubramanian, Mindtrac (S) Pte. Ltd. Susan Mayumi Takahashi Sushil Kedia, K A Securities Pvt. Ltd. Suzanne M. Bernard, Ennis Knupp + Associates Sven Schaltegger, Partners Group Svetlana EXERTIER, Caliburn Capital Swatantra Bir Samant Swee Meng Mok Xiaoyan Zhang Sylvain Jean Piacenza, GM Consulenza Timothy J. Wolfe Taihwan Jung, Schroders Korea Limited Lo Tak Wah, Central Provident Fund Board Takashi Saito, n/a Tanguy de Lauzon, Seeds Finance Tania Astibia Rubio Tarun Govind Vanjani Toh Tat Sum, Merrill Lynch International Bank Ltd Edward L. Logan, Aspect Capital Ted Weston Williams, Goldman Sachs Teddy Hock Huat Khoo, Aktis Capital Wan Tian Tan Temitope Abiodun Odukoya Ying T. Ho, Prudential Financial Chum Pak Hing Terrace Terrence P. Kitson, Paradigm Asset Managment Terry L. Harris, Teacher Retirement System of Texas Theodore P. Liu Theron de Ris, Morgan Stanley Thethtar Myothwe, Charles Schwab Co., Inc. Thierry Jacot Thomas Aeschbacher, Partners Group Thomas W. Balcom, Foldes Financial Management Thomas Baron von der Recke Thomas G. Carpenter, Cantebury Capital Inc.

CAIA Association Member Roster Thomas Schmidt Christensen, BankInvest Thomas Alan Cooper Thomas M. Costanzo, Ivy Asset Management Corp Thomas Andrew Eggen, Nuveen Investments Inc Thomas Rhoads Frick, Excelsior Capital Asia Thomas Bent Wessel Friis-Hansen Thomas Godovits, Asset Allocation Alpha Thomas Gerhard Huber, UBS AG Thomas Kaegi, UBS AG Thomas Paul Kehoe, AIMA Thomas Kraus, Kraus Partner Investment Solutions Ltd. Thomas B. Leurent, BNP Paribas Thomas Looser Thomas A Picciochi, Deutsche Asset Management/Deutsche Bank Thomas Raffy, Meeschaert Thomas P. Raftery, Mercer Investment Consulting Thomas Skovbo Roikjær Thomas W. Watts IV, Watts Capital Partners, LLC Thomas Talley Weldin III Thomas Montgomery White, Stifel, Nicolaus Thomas C. Williams Thomas Andrew Wolf, www.ib4ai.com Thomas King Ha Wu Thomas Zuettel, ifund services AG Thorsten Birke Thumpasery J. George Tim Bloklander J. Timothy Jester, Capital Advisory Group Tim Kominiarek, Illinois State Board of Investment Tim Mosley, Merrill Lynch Tim Wannenmacher Timothy Phillip Dias, Babson Capital Management Timothy Laing, Plenum Investments AG Timothy Chung Pui Lam, Bank Of America Timothy Frederick Peterson, PMRG Timothy James Rotolo Timothy W. Viezer, University of Cincinnati Timothy Alcolm Walkley, Hermes Focus Asset Management Limited Tobias Schmidt, JP Morgan Tobias Späti, Deutsche Bank Todd Kenneth Borton, Southeastern Advisory Services, Inc. Todd Henry Conklin, Morgan Stanley Todd C. Doorenbos, DeWaay Capital Management Todd R. Krauser, RBC Capital Markets Todd D. Leedy, Dimeo Schneider Assoc, LLC Todd McCown, Kitty Paw Corp Todd F. Rabold, Calibre Stephen Todd Sheets, F Advisors, LLC Todd J. Trusso, Altegris Investments Tom Bouten, Kedge Capital Fund Management Ltd. Thomas Fursa, Office of the Comptroller of the Currency Tom E. Johnson, Timberland Investment Resources, LLC Thomas G Milne, Courage Capital Management Tomas Suda, Cheyne Capital Management Tomasz Kozlowski, European Investment Bank Tomiwa Akinola Tommaso Sanzin Anthony R. Angelo, BNY Mellon Asset Management Tony Nguyen, Santa Clara University Tony Tung, RBC Financial Group Toreigh N. Stuart, Man Investments Canada Corp. Torsten Tobias Hermann, Baloise Insurances Toru Kubota, Platinum Grove Asset Management Toshiki Shimura, The Norinchukin Bank New York Branch Tracie Kathleen Gunion Tracy L Pearson, Forsyth Partners Tracy Heather Smith Trastan Y.T. Chen Travis Donaldson Travis L. Haney, Coe Capital Management

Travis C. Taylor, Topwater Capital Trevor Garvin Tricia Salumbides Kelley Tricia S. Scrivner, MOSERS Theo Iguyovwe, TwoScrolls. Tyler McCann Irons, Pacific Alternative Asset Management Company Tyler C. Thorson, Talcott Realty Investors, LLC SEET Tze Yang, DBS Bank Ltd Uday K. Machanavajhula, Kuberre Systems Inc. Ulrich B. Steiner, Clariant International Ltd. Ulric Leung, Shikumen Capital Management Limited Ulrich Bender, Valartis Bank AG Umar Safdar Ali Khan, CDK Investments Umberto Davide Cirri Ursina Kubli Ursula Federsel Mehmet Utku Kocaman, Morgan Stanley Uwe Ketelsen, Coutts Co V. Paul Lisanke, Atlantic Trust Vache Mahseredjian, Los Angeles County Employees Retirment Association Vadim Bondarenko, Rydex Investments Vanessa Rovene Gilman, Cayman Islands Monetary Authority Vanessa Leung Varun Jain, UBS Investment Bank Vassilis Efthymiou Veneeta Singal, Hamilton Company Vera Greenberg, Barclays Capital Véronique Le Sourd, Edhec Vicky Zhancong He, Cube Capital HK Limited Vijoy Paul Chattergy, SPARX Asset Management Vikram S. Mehta, AIG Investment Ville Harju, Credit Suisse Asset Management Limited Vincent M. Amari Vincent Yat-chor Chan, Hsin Chong Land Limited Vincent P. Couson, UBS Global AM VINCENT C. FULCO, Cedrus Capital Partners LP Viraj B. Patel, The Northern Trust Company Virginia Celebuski, Prudential Investments VISHAL K. JOYRAM, Fairway Capital Partners, LLP Vivek Jain Vladimir Mark Dinovich, Manulife Inc. Volker Resch, Resch Business Consultants Wade J Vagle, wade vagle Ng Wai Chung Wai Lun Kwok Chow Wai Man WAJIH W NOUJAIM, Bayan Investment Co. Wang Ngai Cheung, Oasis Investment Management Ltd Warren Vincent, National Bank of Dubai Wayne English, Collins Stewart Wayne D. Reid, II Wayne Douglas Ryan, Pelagos Capital Management, LLC Wei-Wen Chiao, Allianz Global Investors Taiwan Ltd. Wendy L. Coleman Wessel Marquering, Talergroup Weston Thomas Dinsel Wicky Chun Fai Wong, Pearl Gold Investments Pty Ltd William W. Wang, Swiss Invest (Singapore) Pte Ltd William F. Bartlett W. Scott Coverley, Jr., RW Pressprich William Colnon Feeley, WPE Holdings, Inc. William Scott Grob, HSBC USA, NA William Centre Holmberg, AXA Investment Managers William G. Kay III, Morgan Stanley William Travis Koldus William B. McClelland, Ironwood Capital Management William Fox Monaghan, Pinyon Peak Capital Management LLC William Peets, MSCI William M. Reidy, Bank of America

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The Global Mark of Distinction in Alternative Investments

CAIA Association Member Roster

William Smiley, HSBC William Jun Takeuchi, Marks Baughan Co. William R. Thatcher, Hammond Associates William L. Presutti, Managers Investment Group Willie Morrison Myles, Nationwide Win Udomrachtavanich, Kasikorn Asset Management Woo Wing Hui, Barclays Capital Wingee Sin Wolfgang Maenner, Evnine Associates Wolfgang Mayer Wylie E. Fennell, Morgan Stanley FANJAUD Xavier Paul Christian, Infiniti Capital Xavier Martí, Caixa Catalunya Gestió XIAODONG TIAN, Capital Group Inc. Xuân-Lâm Nguyen Tang Yi-Chen Chia, Jih Sun Security Co. Yan Arsenault, Butterfield Bank Yan Yang Yanfei Huang YANNICK BIGEARD, Pictet Cie Yaw Chong, Seow, City Index Asia Pte Ltd Ye Jin Yessin O. Schiegg, Horizon21 Ho Yew Weng, UOB Asset Management Yim Yeung Cheung, HSBC Institutional Trust (Asia) Limited YIN WANG Cathy Mou Yingtao, Natixis Corp Solution Chin Yingwen, GFIA pte ltd Yogendran Thambiah, Credit Suisse yolande poulou Yong Schattner-Zhu, Asset Allocation Alpha York Yuen Yuk Lo, UBS AG Yoshihiro Kawamoto, JPMorgan Asset Management (Japan) Ltd. Shun Yip Chow, Esemplia Emerging Markets Youssef AZAMI, SG Yuan Zi, GLG Partners LP Yuichiro Tawara, Mitsubishi UFJ Asset Management (UK) Ltd. Yves Carnazzola Yves Klenk, UBS AG Yves Claude Marchini, Pictet Cie Zenas C.H. Liu Yak Zhaoying Zinovi Levitan Miro Zivkovic, UBS Global Wealth Management Zoltan Szelyes, Swiss National Bank Zubin Kapadia

Document generated Friday 13 February 2009 02:58:35 EST