• DIRECTOR • CHIEF EXECUTIVE OFFICER • INVESTMENT MANAGEMENT AND RESEARCH • • ADMINISTRATION • SALES & MARKETING • WORLD-WIDE OFFICES •

DIRECTOR

Morten H. Kielland Mr. Kielland is the Founder of Key Asset Management and Non Executive Director of the KAM Group. Mr. Kielland has over 20 years experience in asset management. Prior to founding Key he was with Kidder Peabody, the New York investment bank from 1981 to 1986 and with Oppenheimer & Co. from 1986 to 1989. During the latter Mr. Kielland was involved with risk arbitrage and distressed debt products. Mr. Kielland is a director of the Key Funds as well as several Norwegian Investment Companies. He is also the honorary consul of Luxembourg in Norway. Mr. Kielland holds a BSBA in Business Studies from the University of Denver, U.S and a MSc from the University of Washington, U.S.

CHIEF EXECUTIVE OFFICER

Simon Ewart, Group CEO Simon is the Chief Executive of KAM Group Ltd as well as Key Asset Management (UK) Ltd. Simon began his career at Key in 1999 and has held the positions of Chief Operating Officer and Chief Financial Officer of the group. Prior to joining Key, Simon was the Financial Controller, Compliance Officer and Company Secretary for the London branch of Banque CPR. Simon holds a BA in Accounting and Finance from Middlesex.

INVESTMENT MANAGEMENT AND RESEARCH

Dr. Chris Jones, Chief Investment Officer Chris is the Chief Investment Officer for Key Asset Management. Chris has been investing in hedge funds in a professional capacity for 13 years, previously heading up the hedge fund team at io Investors. Prior to this, he has worked in trading and asset management capacities at Société Générale and Crédit Lyonnais. Chris has presented lectures, conference papers and seminars at universities in North America, Europe and Australasia and has published several papers on trading and investment strategies. He has a BA in Mathematics from Oxford University and a Ph.D. in Finance from the University of Cambridge, where he is a Visiting Associate and occasional Lecturer.   Dr. Toby R J Goodworth, Head of Risk Management Toby is Head of Risk Management. He holds a Ph.D. in physics from University London College, and a First Class Honours degree (MSci) in physics, also from UCL. Previously Toby worked at io Investors as Quantitative Risk Manager, where he developed and ran bespoke risk management tools for the hedge fund of fund products. Prior to this he was a Risk Analyst focusing on global equity quantitative trading strategies within io Investors.   Philippa Owen, Investment Director Philippa is an Investment Director with particular expertise in equity long/short strategies. Philippa has been a fund of hedge fund research analyst/portfolio manager since 2001. Before joining Key Asset Management Philippa was at io Investors, where she was a member of the Investment Committee. Prior to this, she worked in South Africa with Fairheads International Asset Managers where she was an Equity and Gilt/Bond dealer and assistant portfolio manager. Philippa graduated from University of Cape Town and holds the CFA designation.    Igor Puljic, Investment Director Igor Puljic is an Investment Director with particular expertise in relative value strategies. Previously, Igor was a Research Analyst and Portfolio Manager with io Investors for five years, working on both traditional and alternative funds. For the last 2 years at io, Igor had been responsible for both research and portfolio management of io's hedge fund of funds. Igor holds the CFA designation and is a Financial Risk Management Charterholder and graduated from City University London with a BSc in Banking.   Gideon Margo, Senior Analyst Gideon is a Senior Analyst in the Investment Management and Research team. Prior to that Gideon spent most of his career at Stamford Associates, which provides manager selection advice to a number of multi-manager vehicles as well as blue chip pension schemes. He was also a Research Analyst at Bestinvest, a private wealth management house, where he was responsible for the selection of long only managers as well as those in the hedge asset class. Gideon graduated from Sheffield University and holds the CFA designation.    Simon Leslie, Senior Analyst Simon is a Senior Analyst in the Investment Management and Research team. Before joining Key Asset Management he was head of the research team at Bourne Park Capital, a hedge fund advisory firm. Prior to this Simon worked for Eurex Frankfurt in both equity derivative product development and operations. He graduated from University College Dublin with an MBS in Finance and holds BA (Hons) in Business Information Management. Simon also holds the CFA designation.   James Haworth-Booth, Operational Risk Manager James is an Operational Risk Manager at Key Asset Management (UK) Limited. James joined Key as Senior Fund Accountant before moving to the Investment Team. Previously, James was at KPMG, where he worked primarily on the audits of Financial Sector clients and where he qualified as a Chartered Accountant. He also holds a BA (Hons) in French and Spanish from University of Newcastle.    Raj Jain, Quantitative Associate Raj is a Quantitative Associate in the Investment Management Team. Before joining Key Asset Management Raj was at Investec Asset Management in the Quantitative Risk & Performance Management team, where he developed and ran bespoke risk management tools. Prior to this, he worked with Pershing Inc and EDS Consulting as a Project Manager, where he led consulting assignments for large multinationals. He holds an MBA in Finance from the University of Cambridge and a Bachelors degree (BE) from the University of Madras.   Isabella Galliers-Pratt, Analyst Isabella is an Analyst within the Investment Management and Research team. Prior to joining Key Asset Management Isabella completed work placements with UBS Wealth Management and Cheviot Asset Management where she gained experience in the running of funds. Isabella holds a BA (Hons.) from the University of Bristol.

SALES & MARKETING

James Freeman, Senior Relationship Manager -London James a Senior Relationship Manager.He was previously head of intermediary sales at Martin Currie Investment Management from 1997-2003 covering single strategy hedge fund sales and mutual fund sales. He covered the UK and offshore markets including the Channel Islands/Isle of Man and South African clients. Prior to joining Martin Currie, James was part of the mutual fund sales team at Baring Asset Management 1994-1997.   Fabio Agosta, Senior Relationship Manager - London Fabio is a Senior Client Relationship Manager with several years expertise in hedge funds and more than nine years expertise in Investment Banking offering advisory services to European/Italian Corporate. He has worked for several primary Investment Banks, such as JP Morgan, Credit Lyonnais Securities, and Commerzbank Securities as Head of the Italian team in the Capital Markets & Advisory department. Fabio holds a CEMS Master degree in Business Administration at Erasmus University, Rotterdam (NL) and a full-honours Master degree (MA) in Business Administration at Luigi Bocconi University, Milan (Italy).    Giorgio Fernicola, Client Relationship Manager Giorgio is a Client Relationship Manager. Before joining Key Asset Management he was in Institutional Sales for the Italian market at Capitalgest AM Sgr both for long only funds and for hedge funds. Prior to this he was an analyst at HSBC in the Securitization Team and at Merrill Lynch in the Private Banking Team. Giorgio holds a Masters Degree in Risk Management from Luigi Bocconi University, Milan (Italy) and a degree in Institutions and Financial Markets from the same university.

ADMINISTRATION

Yunus Mangera, Legal Counsel Yunus is in-house legal counsel at Key Asset Management (UK) Limited. Prior to joining, he qualified as a solicitor at Dechert LLP's London office. While at Dechert, Yunus spent eight months in the firm's highly regarded hedge fund practice as well as gaining experience in corporate and insolvency law. Yunus holds a MSci in Mathematics from King's College London and a PGDL from the College of Law.   Andrea Maddison-DeLandro, Assistant Legal Counsel Andrea is a qualified solicitor and is in-house legal counsel at Key Asset Management (UK) Limited. Previously, Andrea worked at Pinsent Masons London office as part of their Corporate Finance department.  Andrea holds a BSc in Psychology from the University of Liverpool and a PgDL and LPC from the College of Law London.    Alan Hennebery, Chief Financial Officer Alan is Chief Financial Officer of Key Asset Management (UK) Limited. Previously, he worked with both KPMG and Arthur Andersen in Dublin, where he spent several years working on the audits of a number of large hedge funds. Alan is a chartered accountant and holds a first-class honours degree in Law & Accounting from the University of Limerick in Ireland.   Michelle Crean, Fund Accountant Michelle Crean, Fund Accountant Michelle is a Fund Administrator at Key Asset Management (UK) Limited. Previously, Michelle was a Hedge Fund Administrator at Fortis Prime Fund Solutions. Michelle graduated from Dublin City University with a BA in International Business and Languages (French & German).    Craig Denbury, Fund Accountant Craig Denbury is a Fund Administrator at Key Asset Management (UK) Limited. Previously, Craig was at Bank of New York and Fidelity where he worked primarily in the Portfolio Services Division. He has qualified with a PDM in Business Administration at Wits University of Johannesburg and also holds a BComm in Philosophy, Politics and Economics from University of Cape Town.   David Lynch, Fund Accountant David is a Fund Administrator at Key Asset Management (UK) Limited. Previously, David was a Fund Administrator with Northern Trust Investor Services (Ireland) Limited. Prior to this he worked in Private Client Services with Merrion Stockbrokers. David holds a BA in Economics from University College Dublin.    Leah Harrington, Management Accountant Leah is Management Accountant for Key Asset Management. Prior to joining Key, Leah was a Management Accountant at Throgmorton Secretaries Limited, a provider of financial services to hedge fund companies in the UK. Prior to this she worked for a firm of chartered accountants. Leah is a qualified Chartered Certified Accountant.

WORLD-WIDE OFFICES

Lars Ringdal, Head of Norway Office Lars is Head of Key's Norway office. Before joining Key, Lars was the Marketing Manager at Microsoft Norway where he was responsible for creating and implementing the overall marketing strategies. Prior to that, Lars has strong Corporate Finance experience from Bank of America Securities in New York as well as from Gjensidige NOR Equities in Oslo, where he focused on the energy and technology sectors. Lars holds a Bachelor in Commerce from University of Victoria, Canada and an MBA from Instituto de Empresa in Spain.   Tor Nygaard Tor is Head of Institutional Sales. Prior to joining Key he worked for 3 years with alternative investments at ABG Sundal Collier. Before that he worked for Acta as a senior advisor as well as Head of their Oslo office. Tor has over 14 years experience working in Finance and holds a Bachelor’s degree from NKI Ingeniørhøyskolen, Trondheim.    Nicolai Flatner, Senior Relationship Manager Nicolai is a relationship manager based in Key's Oslo office. Prior to joining Key Nicolai had been working in the financial industry for 7 years. For the last five years he worked as a senior investment advisor with Acta, one of the leading investments banks in Norway. He holds a Master of Business and Economics degree from Norwegian School of Management in Oslo.    Kristian Biong, Client Relationship Manager Kristian is a Relationship Manager for Key Asset Management ASA, Norway. Previously, he worked at Formuesforvaltning where he was an office manager. Prior to this, Kristian worked in Storebrand where his responsibilities included insurance and at Lindorff. He holds a BA (Hons) in Business Administration from the University of Wales, Cardiff.    Lill Isaksen, Office Manager - Norway Lill Isaksen, Office Manager Lill is Office Manager at the Oslo office and her responsibilities include administration and back-office management. Previously Lill worked as Resource coordinator at Cell Network and Visual aids specialist at McKinsey & Company. She has a Bachelor in Trade and Retail Management from the Norwegian school of management (BI).    Moritz Wendt, Head of Swedish Office Moritz is Head of the Stockholm office and responsible for the business in Sweden. Prior to assuming his current role, Moritz worked within the business development unit at SEB. He has also worked for PWC in financial services and Sutor Bank. Moritz has an MBA from Stockholm School of Economics and holds an undergraduate degree in Economics from University College London.    Johan Hagglund, Senior Relationship Manager Johan is responsible for business development and sales in Sweden and is based in Stockholm. Prior to joining Key, Johan has worked 7 years with equity sales at Carnegie Investment Bank and Aros Securities. He also spent 5 years with mutual fund sales at ABB Investment Management 1994-1998. Johan started his career at PK -Banken 1988-1993 as a Investment advisor.   Malcolm Lahnborg, Senior Relationship Manager Malcolm is a Relationship Manager for Key Asset Management, Sweden. Previously, he worked at HQ-fonder where he was a sales assistant. He holds a BA in Economics from Stockholm University, Sweden. He has also studied economics at New York University and Harvard University, USA.    Lina Angeling, Sales Assistant/Operations - Sweden Lina is Sales Assistant/Operations for the Sweden office and responsible for the administration. Lina has previously been working at Schroders and Dexia in Stockholm.