WAISC

Fund Manager Showcase 2010

Always one of the highlights of WAISC is the Fund Manager Showcase – Where End Investor Meets Manager!

Delegates have an opportunity to hear directly from alternative investment managers. Presented in 7 minute segments, this format facilitates fast acquisition of facts and allows direct access to the information you need.

This year’s 21 segments will allow you to hear from up-and-coming managers as well as more established managers.

We are pleased to present the following fund managers in the Fund Manager Showcase:

 

COMPANY DESCRIPTIONS

Acorn Global Investments is an alternative investment manager that specializes in using systematic trading strategies to deliver strong returns and diversification benefits to investors. The investment objective of the program is to deliver annualized double digit returns over a three to five year period and a diversification benefit that provides low correlation to traditional equity, bond, and real estate investments. To pursue its investment objective, Acorn applies highly disciplined, adaptable and proven strategies to a liquid portfolio of exchange traded derivatives, equities, and exchange traded funds diversified by geography, sectors, instruments, systems, frequencies and trade direction.
Jason Russell
As founder of Acorn Global Investments, Jason Russell serves as the firm’s Chief Investment Officer. Jason is a veteran portfolio manager who brings more than 19 years of industry and alternative investment management experience to the firm. Previous experience included roles at Bankers Trust, Merrill Lynch, CIBC, and Salida Capital where he was the portfolio manager for its Global Macro Hedge Fund. He has considerable expertise and experience in systematic trading and research and was highlighted as a systematic trading professional in the book titled Trend Following by Michael Covel. He also collaborates closely with several distinguished traders and founded two research groups focusing on system development and trading psychology. Jason is a member of the CFA Institute and the Toronto Society of Financial Analysts.

Agilith Capital is a Toronto-based investment manager founded in 2007. The company was established to capitalize on the partners’ core belief that superior performance can be generated through focused strategies and in depth industry experience. Our mission is to generate wealth for investors through relentless analysis without the constraint of focusing on market capitalization or maintaining index weightings. In December 2009, Agilith Capital was recognized with the bronze medal for Best Newcomer Hedge Fund at the Canadian Investment Awards Gala.
Agilith Capital manages the North American Diversified Fund, which was launched as a limited partnership in October 2007 and offers Canadian investors a diversification tool to the resource-heavy TSX. The portfolio is comprised of a balanced mix of small, mid and large capitalization North American equities outside of the resource sector. At its core, the Fund takes on high conviction positions, favouring stock picking o ver indexing with the belief that excess returns are a direct product of superior business models. The fund is also designed to make quick and decisive investments allowing for the timely capture of market opportunities, inefficiencies and extremes in investor sentiment. The fund benefits from the combined 35 years of industry experience of its managers, Patrick Horan and Andrea Horan. Since its inception, the Fund has generated exceptional returns, beating major North American indices by more than 40%. The Fund has achieved a five star ranking with GlobeFund.
Andrea Horan
Prior to helping found Agilith Capital, Andrea Horan was a founding partner at Genuity Capital Markets where, as a member of the Partners Committee and Director of Research, she built and managed a department of 15 analysts. She began as an equity analyst for Canadian investment dealers in 1994 providing coverage of companies in the media and communications sector and quickly received top honours with both Brendon Woods and Greenwich institutional investor surveys during her seven year tenure as media analyst at RBC Capital Markets. Ms. Horan went on to become a founding partner at Westwind Partners and headed the Research Department. She has been engaged to speak at a number of industry events, contributed to investment publications on the subject of media investments and provided expert advice to the CRTC and the Canadian Federal Government. She received her MBA from University of Toronto in 1994 and her CFA designation in 1996.

Founded in 2007, AlphaNorth Asset Management ("AlphaNorth") is a Toronto based investment manager. AlphaNorth believes that superior long term equity returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection on both a long and short basis. The firm combines technical analysis with both a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities. AlphaNorth manages the AlphaNorth Partners Fund which is a long biased small cap focused hedge fund and the AlphaNorth 2010 Flow-Through LP. The Fund's objective is to achieve industry leading long term returns.
Steven Palmer
Steven Palmer is a founding partner and Chief Investment Officer of AlphaNorth Asset Management. Mr. Palmer has over 15 years investment experience and has a highly successful track record managing equity portfolios. Prior to founding AlphaNorth, Mr. Palmer spent 9 years as Vice President-Canadian Equities at one of the worlds largest financial institutions where he managed their Canadian equity assets of approximately $350 million. During this period he was manager of both the large and small cap equity strategies. The small cap strategy achieved a compound return of 35.8% over the 9 year period as compared to its benchmark, the BMO Weighted Small Cap Total Return Index, which returned 13.0%. The large cap strategy was first quartile in performance over the 1, 3, 5 and 10 year periods. Steven has earned a BA in Economics from the University of Western Ontario and is a Chartered Financial Analyst.

Anson Group’s flagship fund, Anson Investments Master Fund LP, is a long-short hedge fund launched in July 2007. Anson’s objective is to generate superior returns with low volatility and approximately market-neutral positioning through three core strategies: Classic Shorts, Value Longs and Opportunistic Investments. Short positions are established after due diligence is conducted on businesses with weak business models or stocks that are overly promoted. Long investments are made in companies with strong business models and capable management, and those that should benefit from macroeconomic trends. Opportunistic Investments are largely event-driven, but offer substantial opportunity for profit that is uncorrelated with market returns. Anson intends to achieve capital appreciation primarily through investments in securities of publicly traded companies.
Adam Spears
Adam Spears is a Principal with the Anson Group, having joined early in 2010. Prior to Anson, Adam worked at Canada's largest private equity firm, Onex Corporation, where he was a member of ONCAP Management Partners, a middle-market private equity fund focusing on buyouts of businesses between $50 and $300 million in size. Prior to Onex, Adam worked at Citigroup in the Investment Banking division, and was involved in numerous M&A and financing transactions. Adam earned an Honors Degree in Business Administration from the Richard Ivey School of Business at the University of Western Ontario. Adam is also a Member of the Chartered Financial Analyst (CFA) Institute and the Toronto CFA Society.

Arrow Hedge distinguishes itself as a hedge fund leader by adhering to three key principles – Focus, Risk Management, Integrity. These principles guide our investment philosophy, manager selection process and risk management procedures. Arrow Hedge maintains its commitment to investors, through monitoring each fund's composition, trading and risk levels. Our investors are provided with reliable and frequent reporting and analysis to assist in understanding our investment process and our results.
Arrow Hedge is a member of the Alternative Investment Management Association (AIMA) and participates actively in educational programs and conferences across Canada and globally.
Mark Purdy
Mr. Purdy serves as Chair of the Investment Committee at Arrow Hedge Partners Inc. and has over 10 years experience in the investment industry. Mr. Purdy shares responsibility for the hedge fund manager selection and asset allocation process and has served on the Investment Committee at Arrow Hedge Partners since inception. Mr. Purdy held senior roles at BPI Financial Corporation and IBM Canada Ltd. Mr. Purdy graduated from the University of Toronto with a Bachelor of Commerce and Economics degree. He holds the CFA designation. Mr. Purdy is also actively involved in the Varsity Blues alumni fundraising projects at the University of Toronto and is on the Board of the Ireland Park Foundation.

Artemis Investment Management Limited provides investors with the opportunity to achieve world- class portfolio allocation by facilitating efficient access to important alternative investment opportunities with top managers from around the world.
Philip Doyle
Mr. Doyle is the Portfolio Manager and Chief Compliance Officer at Artemis Investment Management. He has been actively involved in the financial services industry including portfolio construction, investment manager selection and product development for over 10 years, including 6 years with the wealth management groups of Citigroup and CIBC.
Prior to that, Mr. Doyle worked in the financial services practice of The Boston Consulting Group.
Mr. Doyle is a CFA charter holder and former Rhodes Scholar holding degrees in social sciences and economics from the universities of Toronto and Oxford.

Auspice Capital Advisors Ltd. is a Canadian based registered Portfolio Manager / Investment Council and a registered CTA and NFA member.
Auspice’s core expertise is managing commodity risk and designing and executing systematic trading strategies. Auspice trades over 30 different commodities for its funds. On the active investment side, Auspice operates the Auspice Managed Futures LP and the Auspice Diversified Trust. On the passive side, Auspice is the investment manager for the Claymore Natural Gas Commodity ETF. In addition, Auspice was instrumental in the creation of the NGX Canadian Natural Gas Index in conjunction with the TSX and NGX.
The Auspice team is led by two experienced institutional commodity traders: Tim Pickering and Ken Corner. Their background consists of trading OTC and exchange traded derivatives in energy, commodities, currency, and interest rates. Tim Pickering, President of Auspice, held previous senior trading roles at TD Securities and Shell Trading (V.P. Options Trading, North America). Ken Corner, COO of Auspice, also held senior positions at Shell Trading and TD Securities.
Basil D'Souza
Director of Business Development
Basil leads Auspices institutional and retail sales initiatives. He has 10 years of industry experience with Claymore ETFs and TD Asset Management.
Through his career, Basil has worked with structured products, hedge funds and complex derivatives. Basil is a graduate of Concordia University from Montreal and he has been awarded the CFA charter.

Blackheath Fund Management Inc. (BFM) is a Canadian alternative investment manager focused on absolute return strategies in the futures markets.
BFM’s flagship fund, the Blackheath Futures Fund LP, has a unique Investment Strategy. Using investor sentiment and trade positioning indicators, the portfolio managers attempt to gain insight into the public’s perception of markets. Information of this type becomes particularly useful when it identifies certain prejudices or biases that the public may hold. Most commonly, it helps spot situations where the public has been very slow to recognize certain market trends, creating trading opportunities.
Our goal is to generate a positive return for investors in a way not correlated to returns from traditional asset classes, as we have been able to do every year for the past seven years.
Christopher Foster
Christopher Foster, CIM, is the CEO and Chief Investment Officer of Blackheath Fund Management Inc., a Commodity Trading Manager which operates Blackheath Offshore Limited, Blackheath Futures Fund Inc. and handles individually managed accounts.

Centurion Apartment Real Estate Investment Trust (REIT), is an investment fund which provides an opportunity for individual and institutional investors to invest in a diversified portfolio of rental apartments in Canada and participate in the profits derived from them. With a current portfolio of 1,160 apartments located in 22 separate apartment properties, Centurion Apartment REIT (which is RRSP, RESP and TFSA eligible) is perfectly positioned to provide consistent, tax-efficient returns to its investors without exposing them to the volatility of the stock market. The REIT currently yields 8.00% per annum (paid monthly).
Centurion Apartment REIT is run by an experienced management team and has an independently controlled board of trustees to provide independent oversight on behalf of all investors. Centurion Apartment REIT units are sold by Offering Memorandum to qualified investors only. Investors may purchase units in the fund directly or through their Investment Advisor.
Peter Figura
Peter has over 15 years of Financial Services industry experience. His management focus is the development and implementation of comprehensive wholesaling programs with an emphasis on their alignment with company business goals. Working with executive management groups, Peter has helped in the design, implementation and approval of several financial products that were brought to the market.
Peter’s investment career include roles of financial advisor with major Canadian full service investment dealers, senior manager of investment department with one of the major Ontario Credit Unions, Director of Investment Marketing with one of the independent financial advisory organizations, and VP Business Development with an independent investment services organization.
Peter has an MBA from the University of Toronto, and completed many of the industry required professional courses.
Peter is a regular business commentator on the news channel CP24, and a contributor to The Analyst, a publication of the Toronto CFA Society.

Donville Kent Asset Management Inc. is a highly specialized asset management firm that manages investments on behalf of individual investors as well as select institutions.
Through the application of our focused investment strategy, we search for companies that possess high levels of return on equity, reasonable valuations and positive share price momentum.
Collectively, our principals have extensive global experience in portfolio management, equity research and trading. Unlike many traditional investment firms, our portfolio managers are the largest investors in our funds. This commitment results in the highest possible alignment of interest with our clients and is a key component of our success.
Jason Donville
Jason has had an illustrious career as an award-winning analyst in both Canada and Asia. Prior to founding Donville Kent Asset Management, Mr. Donville was consistently ranked as one of the top financial services analysts in Canada.
In 2004 and 2005, Mr. Donville was ranked in all three financial services research categories (banks, insurance and diversified financial services) in the annual Brendan Woods surveys.
Mr. Donville was also recognized as the Top Stock Picker in Diversified Financial Services in the 2004 and 2005 National Post/Starmine surveys. In addition, Donville Kent’s flagship fund, the DKAM Capital Ideas Fund, was awarded Best New Fund in Canada at the 2009 Canadian Hedge Fund awards.

Emerging Energy & Environment LLC (EEE) is an alternative investment platform established to capitalize on the opportunities resulting from a confluence of global trends in energy, infrastructure, environment and health in fast growing markets and economies. Established as a family of specialized funds, EEE leverages its domain expertise and experience in its targeted sectors, geographies, and investment products.
EEE’s vision is built on the investment and management track record of its founders with over 20 years of experience in project development, finance, operations, risk-assessment, new market entry, and asset-optimization.
EEE has a deep commitment to sustainable development and improving quality of life, which EEE realizes through investment allocations in clean alternative energy, renewable energy, clean-tech, infrastructure, sustainable natural resource management, and human health. The EEE team employs a diverse set of financial, technical, and operational skills with the objective of providing investors with superior risk-adjusted returns.
EEE offers investment strategies and products to institutional investors, with one or more of the following investment objectives – capital preservation, capital appreciation, and current income.
John Paul Moscarella
Mr. Moscarella is the Senior Managing Director for Fund I and Fund II, as well as a co-founder of Emerging Energy & Environment (EEE). Previously, in 1994, Mr. Moscarella was the co-founder of Econergy, a renewable energy and carbon developer, which traded on the AIM market of London from its initial public offering in February 2006, until November 2008, when it was sold to GDF Suez S.A. Econergy developed or acquired 260 MW (180 MW net) of renewable energy assets mainly in Latin America. Mr. Moscarella has founded or co-founded four companies, has been or is a board director for 11 companies and organizations, and is a pioneer in the field of clean technology investments and carbon credits, participating in the Rio Earth Summit in 1992. Mr. Moscarella has extensive experience in renewable energy development (most notably from 2006 to 2007, a 50 MW wind farm in Costa Rica and 150 MW hydropower company in Bolivia), and more traditional natural gas combined cycle and cogeneration projects (from 1991 to 1994, he led AES’ project development in Mexico), as well as biomass (1995 to 1997 in Brazil and India for sugar mill cogeneration projects), fuel cells (1997), wind energy (2003 to 2006 in Costa Rica and Mexico), and small hydroelectric projects (several countries, but recently Peru). He also has a successful track record of creating shareholder value in the field of sustainability (such as Econergy’s IPO and the sale of NEOgas). Since 2004, Mr. Moscarella has managed Fund I, a $25.2 million private equity fund dedicated to clean technologies in Latin America, and has proven capabilities at fundraising, origination, and closing. Mr. Moscarella originated Fund I’s concept with the lead limited partner and raised, as part of his work at Econergy, all the additional funding with institutional investors, mainly Latin American and European development banks, and is responsible for all its operations, including deal origination, financial and tax structuring, managing the deal closings, the exits, and all reporting. He has raised funds (debt and equity) directly for EEE, Econergy and other start-up companies, and from 1997 to 2003, raised capital and advised clients in the formation of several private equity funds or other specialized environmental funds, especially renewable energy and carbon funds (including the $180 million Prototype Carbon Fund, the first carbon fund ever launched by the World Bank), yielding over $500 million in total capital mobilization overall. A dual citizen (Mexico and the United States), he is fluent in five languages (English, Spanish, Italian, Portuguese, and French). He has an MBA from Yale University and a BS in Engineering from Cornell University.

Garrison Hill Capital Management Inc. (Garrison Hill) is one of Canada’s few ‘macro’ focused wealth management firms located in Toronto, Canada. Garrison Hill helps clients and investors preserve and grow their wealth by interpreting complex and dynamic global events and turning them into investible ideas and products. Founded prior to the financial crisis, Garrison Hill has provided investors positive returns with low volatility and virtually no correlation to the broader equity markets through its flagship macro focused fund Garrison Hill Multi-Strategy LP I. Garrison Hill’s goal is to provide institutions, family offices and high net worth investors the highest level of investment management services.
Michael Yhip
Michael Yhip is the President and Chief Investment Officer of the Garrison Hill Capital Management Inc. He was a former debt and derivative banker employed with Canada’s largest investment banks. He is considered an expert in his field and has worked with Canadian governments, corporations and high net worth investors to provide a range of financial solutions over his career. Michael is a CFA charter holder.

Established in January 2001, JCClark is a Toronto based 14-person hedge fund management firm. JCClark was founded by John Clark, former chairman of the Toronto Stock Exchange, co-founder of Connor Clark & Co., a leading wealth management firm and co-founder of Connor, Clark & Lunn a large pension fund manager. He has 40 years of investment management experience and over 20 years of long/short experience. He has successfully managed money through 6 bear markets during his career. JCClark manages approximately $300 million predominantly in long/short equity strategies.
The managers are supported by an investment team, trader, in-house compliance officer, operations staff and business development personnel. The firm focuses on opportunistic, high-return investment opportunities and emphasizes open and transparent client relationships.
Colin Stewart
Colin Stewart is a director and portfolio manager at JCClark. JCClark is a hedge fund management firm specializing in alternative investment products for institutional and high net-worth investors. Together with John Clark, Mr. Stewart is responsible for the investment activities at JCClark. Colin holds an Honours Bachelor of Business Administration degree from Wilfrid Laurier University and is a Chartered Financial Analyst. Mr. Stewart started his career in the Corporate Finance division of CIBC World Markets and then joined Connor Clark & Co. Ltd. as an analyst where he worked directly with the Chief Investment Officer. In February of 2001, Colin joined JCClark as one of the founding shareholders. Today, he manages the JCClark Focused Opportunities Fund, a concentrated long/short equity hedge fund focusing on the firm’s highest conviction investment ideas.

Lightwater Partners is an asset management firm specializing in alternative asset management. Our focus is to protect capital and manage risk while providing consistent risk adjusted returns. Lightwater Partners, using a disciplined investment process, manages a conservative long / short equity strategy. The strategy targets annual volatility of less than 10% and aims to produce annual returns of 12% to 15% per year. Lightwater Partners is a Portfolio Manager registered in Canada with the Ontario Securities Commission.
Jerome Hass
Jerome has over 16 years experience in the financial industry. He joined Lightwater from Epic Capital Management in Toronto, one of Canada’s most prominent hedge funds. Previously, he was a Portfolio Manager and Head of International Equities at Montrusco Bolton Investments in Montreal, where he managed $450 million directly, co-managed large global funds, and oversaw $1 billion in private wealth. Mr. Hass also worked as a Portfolio Manager in London, England for Canada Life Assurance Company.
He started on the buy-side at Scottish Amicable Investment Managers in Scotland. Mr. Hass also worked as a sell-side Analyst with HSBC Investment Bank in Singapore and Malaysia. He began his career in Toronto as an Economist with the Ontario Government at the Ministry of Finance. He holds a Bachelor degree in Economics from the University of Western Ontario, a Master of Arts in Applied Economics from the University of Victoria as well as a Master of Science degree in Economics from the London School of Economics, and is a holder of the Chartered Financial Analyst ("CFA") designation.

Man Investments Canada Corp. and Man Investments Limited are part of the Man Investments division (“Man Investments”) of Man Group plc (“Man”). Man is a world-leading alternative investment management business. With a broad range of funds for institutional and private investors globally, it is known for its performance, innovative product design and investor service. Man manages around US$40 billion. The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalization of around GBP 4 billion. Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com.
Toreigh N. Stuart
Mr. Stuart is the Chief Executive Officer of Man Investments Canada Corp., responsible for building the firm’s distribution channels and joint venture relationships in Canada. He is also responsible for the daily management and overall supervision of the Canadian sales operation. In 1992, Mr. Stuart joined Richardson Greenshields of Canada as an Investment Advisor. In 1997, he joined TD Evergreen (now TD Waterhouse) in the role of Investment Advisor and Supervising Portfolio Manager. Most recently, he held the positions of President and Chief Executive Officer of BluMont Capital, a Toronto-based hedge fund company, which, under his leadership, saw significant growth from 2000 through 2006. During his time at BluMont Capital, Mr. Stuart established the successful joint venture relationship with Man Investments. Mr. Stuart earned his Bachelor of Arts degree in Economics from the University of Toronto, and is a Chartered Financial Analyst and Chartered Alternative Investment Analyst.

Marret Asset Management Inc. is a credit fixed income manager. The firm advises on over $4.0 billion in high yield and investment grade corporate debt assets for institutional and retail clients. Marret is registered as a Portfolio Manager, Exempt Market Dealer and Commodity Trading Manager with the Ontario Securities Commission. The firm was founded in Toronto by Barry Allan and began operations in late 2001. Marret is 100% employee-owned and is committed to maintaining significant employee ownership in order to assemble the most qualified credit team and to achieve the best possible returns for clients.
Barry Allan
Barry Allan is the founding partner of Marret Asset Management Inc. He has over 25 years of investment experience and has successfully operated in virtually all areas of the fixed income arena. Prior to founding Marret, Barry spent six years with Altamira Management where he managed a wide variety of fixed income mandates and held secondary responsibilities on several equity and balanced mandates. He was also responsible for internal risk management and oversaw the hedging activities for the company’s Balance Sheet. During this period he was the lead manager of the Altamira High Yield Bond Fund, co-manager of the Balanced and Growth and Income Funds, and Lead Manager of the Global Bond and Global Short-Term Income Funds. Barry also managed several institutional mandates with alternative investment strategies (swing funds shifting between Canadian and Global bonds, Hedge Fund being long and short Global Bonds and Currencies, Commodity Derivatives in equity portfolios, bonds with embedded options to gain convexity). Barry has an undergraduate degree from the University of British Columbia and an MBA from the University of Arizona.

Founded February 2009, Meson Capital Partners LP is a New York and Toronto based investment partnership managed by Ryan Morris. Investments are chosen on the basis of value, not popularity, and require a large margin of safety. The manager opportunistically attempts to maximize his competitive advantage by seeking out situations where other investors are acting for non-economic reasons such as fear, misunderstanding, or forced selling (due to leverage for example). Meson Capital Partners is structured specifically in order to have the long-term interests of the manager aligned with investors, which include individuals and select institutions.
Ryan Morris
Ryan Morris is the Managing Partner and founded Meson Capital Partners in February 2009. Prior to founding Meson Capital Partners, Mr. Morris was co-founder & CEO of VideoNote, a small but profitable educational software company with customers including Cornell University and The World Bank. Mr. Morris has been investing his own capital since 1997 and has a Bachelors and Master’s degree in Operations Research & Information Engineering from Cornell University.

Olympian Capital Management LLC is a Money Management and Alternative Investments Firm founded in 2003.
Our primary area of focus is actively managed momentum based Equity and Option portfolios. Additionally we are also active in the Long/Short equity private investment partnership business.
Our investment philosophy looks to capitalize on successful growth companies with new, innovative products or services that are driving strong earnings growth. Our thorough, detailed research allows us to invest in some of the best-performing, top-tier equities for our client-based portfolios.
Our performance-based approach is able to recognize long and short-term market trends and to adapt the investment style to meet with those conditions.
• Dominant investment sectors are identified and used to extract leading individual stocks.
• Growth-oriented companies of all sizes and market valuations are identified as possible investments. Only actively traded and highly liquid companies have the possibility of becoming part of the portfolio.
• Proprietary fundamental, technical and psychological indicators are used to enter a position, which is maintained until well-defined exit points are executed.
Michael J. Levas
Michael J. Levas has been in the investment management business for over twenty years and is the founder, chief investment officer and managing member of the Olympian Group of Investment Management Companies. Prior to Olympian, he was a VP and Portfolio Manager in the Private Client Group at Lehman Brothers Inc. Prior to that, he was a VP with SG Cowen, UBS PaineWebber and Bear Stearns where he managed in excess of $250 million in both institutional and retail portfolios.
Mr. Levas is the founder and managing member of Olympian Securities LLC, and is a licensed Series 24 general securities principal, Series 7 general securities representative, and a Series 65, 66 investment adviser representative with (FINRA). Mr. Levas is also the founder and principal of Olympian Futures LLC, an (NFA) registered introducing broker, and a licensed Series 3 associated person. Mr. Levas currently holds the Chartered Portfolio Manager (CPM) designation from the American Academy of Financial Management. Mr. Levas completed investment management studies at Harvard Business School and additionally, Mr.Levas has completed the Hedge Fund Programme at The London Business School. He is a current member of the CFA society of South Florida, Securities Traders Association of Florida, and formerly served on the 2008/2009 board of directors of The Hedge Fund Association.
Mr. Levas is a frequent conference speaker and commentator on the financial markets and asset management industry, and has been featured in numerous publications, including BusinessWeek,Smart Money,Hedge Fund Manager Week, Absolute Return, Euromoney, International Securities Finance, Buy-Side Technology,Securities Industry News, Alternative Investment Review, Advanced Trading, Markets Media Magazine,Waters, Bloomberg and National Public Radio (NPR).

RD Legal Capital is an alternative investment manager that specializes in receivables and collateralized lending with an initial focus on providing capital to the US based legal community. RD Legal Capital is a registered investment manager with the United States Securities and Exchange Commission. RD Legal Capital's focus is first the preservation of capital by utilizing a rigorous investment underwriting process which it has developed over 13 years. The manager makes investments by both purchasing legal fee receivables from law firms resulting from settled litigation, as well as, by providing lines of credit to contingency fee law practices. The funds objective is to deliver to investors an investment that provides low volatility, low market correlation, double digit returns. Our investors are provided full transparency to all our portfolio positions 24/7.
Richard Rowella
Mr. Rowella joined RD Legal Funding in 2008 and is responsible for identifying, cultivating and maintaining new and existing investor relationships. He manages the calling efforts of a team of Associates responsible for introducing the investment strategy to investors. He has over 27 years of direct lending experience in a wide variety asset classes. Prior to joining RD Legal Capital he was a Director of a $1 billion alternative investment firm responsible for underwriting $100 million in ABL investments. Mr. Rowella started his career in commercial finance with GE Capital in 1982 and has held positions with increasing responsibility in credit and sales. During his career Mr. Rowella has been responsible for the origination and underwriting of large ticket equipment leasing transactions, franchise finance loans, Asset Based Lending loans( middle market $5 million to $50,000,000 facility amount), subprime auto loan portfolio purchase, and lending to specialty finance lenders (factoring and energy finance).
Mr. Rowella has a B.A. from DePauw University.

Founded in 2000, Silvercreek is a Toronto-based investment counselor and portfolio manager. Key investment products include a convertible bond fund and a value-oriented balanced hedge.
Bryn Joynt
Bryn is a principal of Silvercreek Management Inc. and is responsible for the operations of the business, including client service, accounting and risk management.
He is a Chartered Accountant with over 15 years experience including nearly five years with PricewaterhouseCoopers as well as several years in the banking and brokerage industries. Prior to joining Silvercreek, Bryn worked as the Controller and Business Manager for the Global Markets business at Deutsche Bank.
Bryn holds an Honours Bachelor of Commerce from Queen’s University and is a Chartered Accountant (C.A.)

Summerwood develops and manages leading-edge alternative funds and investment strategies. Summerwood is led by Phil Schmitt who is a pioneer in developing new financial products and services. The firm is registered with the Ontario Securities Commission as a Portfolio Manager, Commodity Trading Counsellor and Manager and Exempt Market Dealer.
Faran Siddiqui
Faran Siddiqui is a Portfolio Manager with Summerwood Capital Corp. From January 2003 to October 2007, he worked as a Trading Strategist for Polar Securities Inc., a Toronto based multi-strategy hedge fund manager.
From March 2000 to December 2002, Faran worked as a specialist in the areas of Risk Management and algorithmic trading systems for a variety of firms including TD Canada Trust, CIBC, and Polar Securities Inc.
From September 1996 to March 2000, Faran worked as the Treasury Risk Position Manager for Canada Trust. Prior to September 1996, he worked at the Asset/Liability Management Group in various roles, the latest as a Portfolio Manager and the Systems Manager.

Tricoastal Capital Management Ltd offers a discretionary global macro trading strategy through a 3(c) 1 Fund, a 3 (c) 7 fund and separately managed accounts.
Tricoastal’s Investment Manager is guided by a proprietary sector momentum model which analyzes over 200 equity market country, market cap, style and industry sectors and several commodities and ranks their probability of earning excess returns. There is always a bull market somewhere.
The Fund seeks to generate alpha and deliver a low correlation and low beta to the S&P 500 and the MSCI All Country World Index.
Each month, the manager constructs a portfolio of seven equally-weighted positions using the top-ranked sectors identified by the model as a starting point and supplementing it with his own economic and political analysis of country and industry sectors.
The portfolio is rebalanced monthly – typically the portfolio holds its positions for four months.
The portfolio is constructed using treasury bills, equity index forward contracts and/or ETF’s to assure complete liquidity of the Fund and full transparency.
Benchmarked to the MSCI All-Country World Index (MSCI ACWI)
Keith Summers
Keith Summers has been managing investment portfolios since 1993.
After working as an analyst for Bank of Montreal and Canadian Imperial Bank of Commerce in the late 1980’s, Keith joined the Treasury Department of the Province of Ontario where he worked on restructuring sovereign debt in the early 1990’s. In 1993 he was tapped to manage the $300 million bond portfolio of a government-owned insurance company. Seven years later, he relocated to St. Paul, MN where he managed a $1.4 billion fund-of-funds for a reinsurance pool. It was here where he first developed and began to use a prototype of the Tricoastal sector momentum model in managing $60 million in US equities. In 2002, he joined a leading mutual fund company where he worked as a portfolio manager and was subsequently named Chief Investment Officer of an $800 million multi-family office subsidiary. He left the mutual fund industry in 2008.
In 2004, he established Tricoastal Capital Partners LLC as a vehicle for a global macro strategy based, in part, on the sector momentum strategy he had used in successfully managing $60 million in US equities between 2000 and 2002. The Fund was closed to everyone but US-resident family and friends of the manager until 2009, when he opened it to accredited investors.
He graduated from McMaster University with a BA in Political Science and Economics and an MBA in Finance and is a CFA Charterholder.

Venator Capital Management Ltd. is an asset management company founded in March, 2006 by Brandon Osten. It currently offers three distinct strategies to accredited investors: the Venator Founders Fund, The Venator Income Fund, and the Venator Catalyst Fund. At Venator we use a proprietary screening process, followed by detailed due diligence, to hunt for opportunities before others find them. With a low weighting in resources and financials, we believe that Venator offers good diversification for investors.
JoAnne Halpern
JoAnne joined Venator Capital Management Ltd. in July 2007, with her role as Managing Director encompassing operations, sales and marketing. JoAnne attained her MBA (Schulich) in 2001, while still immersed in her past career as a Mathematics educator (B.A. Math, Guelph 1996, B.Ed York, 1998). JoAnne has taught all levels and grades (including post-secondary), and was a teacher in the public system, the private system, and as a tutor to elite and Olympic-bound athletes.

Voltan Frontier Markets Fund invests in a universe of sixty developing countries spanning Africa, Asia, the Middle East, the Former Soviet Union and Latin America. The fund avoids mainstream emerging markets, focusing exclusively on early stage markets not comprising part of the MSCI Emerging Markets Index. Voltan's strategy includes both top-down country selection and intensive bottom-up research on individual securities. Investments are well-diversified across sectors although preference is given to consumer and domestic securities to minimise volatility and correlations with global markets. As one of the first pure frontier markets funds, Voltan benefits from a first-mover advantage, accessing quality companies at inexpensive valuations. Since its launch in May 2009, the fund has outperformed the MSCI-EM and Frontier indices with lower volatility.
Alison Graham
Alison Graham, Chief Investment Officer, Voltan Capital Management Alison Graham is a principal of Voltan Capital Management and lead portfolio manager of the Voltan Frontier Markets Fund. Ms. Graham has over sixteen years’ experience in emerging and frontier markets finance. Until 1998, she was a partner and senior analyst for Latin American equities at the investment bank Caspian Securities. In 1998, she moved to Moscow, Russia to join United Financial Group where she was responsible for equity analysis and advisory on the restructuring of the Russian energy sector. Since 2000, Ms. Graham has managed Voltan's frontier markets advisory business including trading across the fund's universe of sixty countries. She holds a Master's degree from the University of California at Berkeley, is a Chartered Financial Analyst and is fluent in six languages.