AETOS ALTERNATIVES MANAGEMENT TEAM

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Managing Directors

Anne Casscells, Managing Director
Co-President and Chief Investment Officer of Absolute Return Strategies

Ms. Casscells is a Managing Director of Aetos Capital and the Co-President and Chief Investment Officer of Aetos Capital’s absolute return strategies. 

Prior to joining Aetos in 2001, Ms. Casscells was Chief Investment Officer of the Stanford Management Company, where she was responsible for the investment of over $10 billion in endowment funds and other assets of Stanford University, including absolute return investments and a portable alpha program she developed while there.  Prior to joining Stanford, Ms. Casscells was a Vice President in Goldman Sachs’ Fixed Income Division and an analyst at Morgan Stanley & Company. 

Ms. Casscells earned her Masters of Business Administration from the Stanford Graduate School of Business, where she was an Arjay Miller Scholar, and Bachelor of Arts in British Studies, cum laude, from Yale University. She is a member of the Asset Managers Committee convened by the President’s Working Group on Financial Markets which authored Best Practices for the Hedge Fund Industry, April 15, 2008. She has also served as a trustee of the Stanford Business School Trust, she was a member of the Board of Directors of Northern California Public Broadcasting (formerly KQED), where she was Treasurer and head of the Finance Committee. Currently, Ms. Casscells serves as an off-board member of the finance and investment committees. She also was an Advisor to the Finance Committee of the David & Lucile Packard Foundation. She is the co-author with Robert Arnott of two articles titled Demographics and Capital Markets Returns and Will We Retire Later and Poorer? She also co-authored with Clifford S. Asness an unpublished monograph titled Comparing Apples-to-Apples the Stock Market is Expensive, April 2004.

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Michael F. Klein, Managing Director
Co-President and Head of Operational, Business and Legal Due Diligence of Absolute Return Strategies

Mr. Klein is a Managing Director of Aetos Capital and the Co-President and Chief Operating Officer of Aetos Capital’s absolute return strategies.

Prior to joining Aetos Capital in 2000, Mr. Klein was a Managing Director of Morgan Stanley & Co. and was President and a Director of the Morgan Stanley Institutional Open and Closed-End Funds. Mr. Klein joined Morgan Stanley in 1995 and was involved in both the firm’s institutional asset management and retail funds businesses. Prior to joining Morgan Stanley, he practiced law at the international law firm of Rogers & Wells in New York.

Mr. Klein is a magna cum laude graduate of Colgate University where he was elected to Phi Beta Kappa, and received his Juris Doctor degree from Boston College Law School where he graduated cum laude.

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Andrea M. Bollyky, Managing Director
Client Relations

Ms. Bollyky is a Managing Director of Aetos Capital and leads the business development and client relations activities for Aetos Capital’s absolute return strategies.

Prior to joining Aetos Capital in 2004, Ms. Bollyky was a Principal with Clay Finlay Inc., a specialist global equity management firm with $8 billion under management and offices in New York, Tokyo and London where she was responsible for managing the firm's global business development and marketing activities. Prior to joining Clay Finlay in 1995, Ms. Bollyky was an Account Executive with Gartmore Capital Management, a global asset manager headquartered in London where she was responsible for managing the firm’s North American consultant relations and client service activities. Earlier in her career, Ms. Bollyky was a Manager with SEI Corporation and a member of the International Investment Group, which created multi-manager investment products offered to the pension, endowment and foundation markets. Ms. Bollyky was also involved in the evaluation and analysis of investment managers for use in the firm's multi-manager investment strategies and for recommendations to the firm's consulting clients. She began her career as a Research Analyst affiliated with the Hungarian Ministry of Finance in Budapest, Hungary.

Ms. Bollyky was educated at Lehigh University, where she received a Bachelor of Arts in International Business with a concentration in Economics and Eastern European Studies, and the Economic University of Budapest. Ms. Bollyky is a member of the Board of Directors of AIMSE.

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James T. Gibbons, Managing Director
Portfolio Manager of Absolute Return Strategies

Mr. Gibbons is a Managing Director of Aetos Capital and is a portfolio manager and senior member of Aetos Capital’s absolute return strategies investment team.

Prior to joining Aetos Capital in 2002, Mr. Gibbons served as a Senior Vice President at Evaluation Associates Capital Markets, where he was responsible for research and due diligence on a large group of relative value and event driven hedge fund managers. During his career at Evaluation Associates Mr. Gibbons and team managed up to $2.6 billion in assets. Before joining Evaluation Associates, Mr. Gibbons spent ten years with AIG in New York, London and Tokyo. He served as chief investment officer for various AIG insurance entities and Managing Director for AIG Global Investment Corp. His responsibilities included asset allocation as well as the management of fixed income, equity and non-traditional investment teams that invested $13 billion. Earlier in his career, Mr. Gibbons worked for Unilever in their treasury units in the U.S. and London.

Mr. Gibbons received his Bachelor of Science degree in Finance from Georgetown University.

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Harold J. Schaaff, Managing Director
General Counsel of Aetos Capital

Mr. Schaaff is a Managing Director and General Counsel of Aetos Capital.

Prior to joining Aetos Capital in 2001, Mr. Schaaff was a Managing Director of Morgan Stanley and the President and a Director of the Morgan Stanley Institutional Open and Closed-End Funds. Prior to March 2000, Mr. Schaaff was a Managing Director and General Counsel for Morgan Stanley Investment Management. Mr. Schaaff joined Morgan Stanley in 1989. Prior to 1989, Mr. Schaaff practiced securities law for Sullivan & Cromwell in New York.

Mr. Schaaff received his Bachelor of Arts degree from Brown University and his Juris Doctor degree from the University of California at Los Angeles where he was a member of the Order of the Coif and a John M. Olin Law and Economics Scholar.

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Directors

Joseph J. McDonald, Director
Absolute Return Strategies

Mr. McDonald is a Director and Manager of Operational Risk for Aetos Capital’s absolute return strategies investment team.

Prior to joining Aetos Capital in 2006, Mr. McDonald was a Vice President at Morgan Stanley, where he was responsible for the operational due diligence of third party alternative investment managers on the firm’s Graystone Research advisory platform. In addition, he served as Risk Manager for the Alternative Investment Group, overseeing the Graystone Research and Morgan Stanley Managed Futures businesses. Prior to 2005, Mr. McDonald was a Vice President in the Credit Risk Management and Advisory Group at Goldman Sachs in New York. In this role he was responsible for assessing and monitoring the firm’s counterparty risk to hedge funds and other alternative investment vehicles.

Mr. McDonald received a Bachelor of Arts in History from Cornell University and an Masters of Business Administration from Columbia University.

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Scott D. Sawyer, Director
Chief Financial Officer of Aetos Absolute Return Strategies

Mr. Sawyer is a Director of Aetos Capital and Chief Financial Officer of Aetos Capital’s Absolute Return strategies investment team.

Prior to joining Aetos Capital in 2004, Mr. Sawyer was Client Portfolio Manager at General Electric Asset Management where he was responsible for the daily investment and operational oversight of third party accounts investing in various U.S. and international equity strategies. Prior to 2002, Mr. Sawyer was Manager of Fund Operations at General Electric Asset Management where he was responsible for the budgetary, control and reporting requirements for numerous families of mutual funds. Prior to joining General Electric Asset Management, Mr. Sawyer was a Manager at Pricewaterhouse Coopers, LLP.

Mr. Sawyer graduated from Bucknell University where he received his Bachelor of Science in Accounting.

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Michael Spath, Director
Portfolio Manager of Absolute Return Strategies

Mr. Spath is a Director of Aetos Capital's absolute return strategies investment team.

Prior to joining Aetos Capital in 2007, Mr. Spath developed a quantitative credit-equity trading strategy with Creedon Keller & Partners.  Mr. Spath previously had a 13 year career at Goldman Sachs, where he was a Vice President in the Fixed Income Division.  From 2000-2002, Mr. Spath was Co-Business Manager of Goldman Sachs' Credit Derivatives Department.  Prior to that arrangement, he was a Senior Deal Captain in the Collateralized Debt Obligation Group, a Vice President in Fixed Income Research and an Associate in the Mortgage Department. 

Mr. Spath has a Bachelor of Arts in Economics and Computer Science from Brown University and is also the author of Dangerous Delusions: America on the Brink; A Critical Solution to America's Political and Economic Dilemma, 1995.

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