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50 Leading Women in Hedge Funds 2013

50 Leading Women in Hedge Funds 2013

50 Leading Women In Funds 2013

IN ASSOCIATION WITH 50 LEADING WOMEN IN HEDGE FUNDS 2013

50 Leading Women in Hedge Funds 2013 In association with EY

HAMLIN LOVELL

omen first worked on the floor of the and elsewhere. Schulte Roth & Zabel’s Stephanie New York Exchange in 1943, and Breslow appears again alongside new entrants EY W 1967 ushered in the first female NYSE Nora Jordan of Davis Polk in New York and Effie member. Fast forward to 2013 and one woman sitting Vasilopoulous of Sidley Austin in . Women As the leading global provider of services in now presides over the largest prime who originally trained as lawyers are particularly to the industry, EY is proud to brokerage in the United States: Teresa Heitsenrether, active in the distressed debt space, with Sonia sponsor the 50 Leading Women in Hedge Global Head of J.P. Morgan’s . She Gardner of Avenue Capital and Jamie Zimmerman Funds survey and to recognize the women is one of more than thirty new names in this year's both making repeat appearances. who make their mark in the industry in a survey, and J.P. Morgan is among many firms in the positive way. We congratulate the women industry that devotes special effort towards devising Sovereign wealth funds have again found their way selected by The Hedge Fund Journal to be human resources policies that help to retain women. into the survey with Investment Corporation among this distinguished group of leaders. managing director of and absolute Women continue to be well represented across all return, Roslyn Zhang. Although -based Zhang EY is committed to support the advancement professions and functions: as lawyers, accountants, is the only one in this survey currently working of women in business, and we view diversity prime brokers, portfolio managers, traders, in a BRIC country. The geographic split is as usual as integral to the overall success of our firm. researchers, analysts, consultants, chief investment intended to correspond to the global distribution of We participate in nearly 50 professional officers, chief operating officers, and in sales, hedge fund assets. women’s networks and recently announced marketing, relations, capital introductions, that 26% of new partners at EY member firms and business development roles. The MBA degree Many of the firms are running over $10 billion of around the world are women, representing is probably the most often seen qualification, assets but as in previous years we also want to a steady increase from 19% in 2008. We particularly in the USA, but elsewhere the survey highlight a few rising stars who have often been also have received numerous accolades includes those who have studied philosophy or brave enough to leave larger groups and forge their over the years for our achievements in the linguistics, before moving into . own path. So, women are not just rising through development and advancement of women in the ranks of the worlds biggest funds – they are also business. EY has been included in America’s Alongside regular survey constituents Elena striking out as entrepreneurs setting up their own Top Corporations for Women’s Business Ambrosiadou and Leda Braga, a new name shops. Massi Khadjenouri co-founded her own fund, Enterprises by the Women’s Business appears this year from the world of quantitative Kite Lake Capital, in the event driven field, having Enterprise National Council on four occasions; investment namely Jennifer L. Ancker Whelan, who previously been chief investment officer of Cheyne’s the Top 10 Companies for Executive Women by is managing director of $7.5 billion CTA, Graham special situations fund. Andrea Morrall also co- DiversityInc magazine; the Top 10 Companies Capital Management. founded an event investing group, OVS, where she is for Working Mothers and Top 20 Companies COO. Another earlier stage fund is Kathleen Kelley’s for Multicultural Women by Working Mother The growing presence of women in the upper Queen Anne’s Gate Capital Management, where magazine; and the Catalyst Award for creating echelons of marketing hedge funds is noticeable. At she is chief investment officer for the discretionary a culture in which women can participate, CQS both the head of European marketing, Soraya macro manager. lead and excel. Chabarek, and the head of Americas marketing, Karyn Geringer, are women as is Louise Zarrilli who heads The process of gathering nominations followed With more than 25 years of experience in up Tudor’s investor relations function as well as the pattern of previous surveys: we spoke to hedge funds, we remain committed to the sitting on the firm's Operating Committee. allocators, advisers, brokers, and service providers industry. EY has the largest team of hedge like administrators and law firms. We started with fund professionals of any Big Four firm. We Several US women look after operations at a long list of ninety two names. Choosing the audit approximately 40% and provide tax some of the industry's largest managers namely final fifty has always involved difficult decisions services to about 50% of the top 100 global Elaine Crocker at Moore Capital, Eileen Murray at and qualitative assessments, but criteria included hedge funds. The firm has received numerous Bridgewater - the world's largest manager by assets, assets, performance, seniority, length of experience, industry accolades for excellence in hedge Rose Shabet of $17 billion Viking Global and also the glowing references from nominators. fund services. In addition, having built our LP, and repeats Jennifer Stier of Highfields and Some seventeen women here also appeared in the business on start-ups, we are recognized as Marcy Engel of Eton Park. Amongst allocators, the 2011 survey, as they continued to receive strong the leader in helping funds launch. The depth largest US university endowment, Harvard, still has testimonials and their stature as giants of the and breadth of our experience affords us a Jane Mendillo at the helm. Meanwhile Michelle industry makes it difficult to ignore them. If plenty unique view of the current challenges facing McCloskey continues to oversee bottom-up processes of others who were in former surveys thoroughly fund managers and the ability to quickly for FRM the largest Europe-based independent multi- deserve to be mentioned again, that only illustrates provide the informed and practical advice manager group. PAAMCO is also a regular fixture in the general point that fifty names is never enough to firms need today. this survey, with its two co-founders Judy Posnikoff do justice to the wealth of talent now apparent in the As the hedge fund industry grows, its women and Jane Buchan taking it in turns, and now joined industry. This year’s fifty can be seen as examples of leaders will continue to play a critical role. by -based Lisa Fridman, who heads up the what women have achieved in hedge funds, and we We look forward to continuing to support European research effort. Marie-Hélène McAndrew expect their colleagues and competitors to populate hedge fund firms’ evolving needs through maintains her long tenure running Permal’s macro future surveys. our extensive portfolio of services, as well as . continuing to work closely with the industry’s We would like to extend our gratitude to EY for once leading women and their colleagues. Lawyers have been particularly busy this year again making this survey possible through their readying clients for new regulations in the US, EU generous support. THFJ

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atherine Abrat leads ’ more than four years. Prior to that, she was in private Pacific Prime Brokerage Consulting team. She legal practice in Hong Kong at Sidley Austin, focusing K and her team assist hedge funds in building on advising asset management clients including and operating their businesses, providing advice on hedge funds. She also practised law in . She business infrastructure, hiring needs, legal and tax has worked in Hong Kong for eleven years and has structuring, compliance, operations, technology and considerable expertise in the legal, structuring and Katherine Abrat key service provider selection. The team also provides regulatory issues facing hedge fund managers in the Executive Director ongoing updates and guidance to clients on policy, region. Abrat graduated with a BSc and LLB (Hons.) Goldman Sachs tax and regulatory developments in financial services. from the University of Melbourne and is admitted to Hong Kong Before joining Goldman Sachs, she was Regional practice law in the Supreme Court of Victoria and the Counsel for Asia Pacific for Janus Capital Group for High Court of Australia.

lena Ambrosiadou has been at the forefront of Engineering from Leeds University, Ambrosiadou hedge fund developments in Europe for over two obtained an MSc in Technology and Development from E decades and is the Chairman and Chief Executive Imperial College London, and an MBA from Cranfield Officer of IKOS, one of Europe’s oldest and most School of Management. She worked internationally with experienced fund managers. The first IKOS company British Petroleum, as a chemical engineer, before joining was established in 1991 and it grew to be synonymous KPMG as a management consultant in Bahrain. She was Elena Ambrosiadou with excellence in systematic strategies and cutting awarded the Cranfield Distinguished Alumnus Award Chairman and CEO edge electronic execution. Today IKOS operates a global in 2007. She is an Advisory Board member of Cranfield IKOS infrastructure from its head office in Cyprus utilizing School of Management, Dean’s Council Member of the Limassol, Cyprus execution sites and research facilities in London, Harvard Kennedy School and a member of the Board of New York and Monaco. After graduating in Chemical Trustees of the University of Piraeus.

ennifer L. Ancker Whelen is Managing Director Marketing – Alternative Investments. She began of Graham Capital Management, a $7.5 billion her career as a research analyst in the Economic & J based firm Resources Consulting Group's Oil & Gas Division at ICF founded by Kenneth G. Tropin in 1994. Prior to Kaiser International having graduated cum laude from joining Graham in April 2007, she was a Principal Colby College in 1995 with a BA in Economics and a and Director of Marketing & Investor Relations at Minor in Sociology. She is a Member and Sustaining Jennifer L. Ancker Stadia Capital, LLC, a long/ equity hedge fund. Angel of 100 Women in Hedge Funds and she co- Whelen From 1996 to 2003, she worked for Atalanta/Sosnoff founded the Hope for Children/Hedge Funds Care Capital Corporation which she joined as a quantitative Committee of Hope in New York, which supports Hope Managing Director research analyst, transitioning to a fundamental for Children/Hedge Funds Care's global mission to Graham Capital Management Connecticut research analyst before becoming the Director of prevent and treat child abuse.

atalie Birrell is a Partner and Chief Operating Prior to joining Anchorage, she served in various senior Officer of Anchorage Capital Group, L.L.C., the management positions with Deutsche and Bankers N $12 billion credit-orientated fund manager Trust, where she worked for seventeen years. Birrell founded in 2003 by two former Goldman Sachs distressed served as Chief Operating Officer for ’s $12 debt managers, Kevin Ulrich and Tony Davis. Birrell, who billion Strategies Group. Prior to this joined Anchorage in February 2007, is responsible for all post, she served as Chief Operating Officer of Deutsche Natalie Birrell non-investment aspects of Anchorage’s business including Bank’s US Institutional Asset Management business. Partner and COO business development and investor relations, technology She previously worked as Chief Operating Officer and Anchorage Capital Group, L.L.C. and risk, operations and treasury, finance and tax, legal Managing Director at Arden Asset Management. Her New York and compliance, human resources and administration professional education was at New York University’s Stern – across its offices in New York, London and . School of Business where she received an MBA.

eda Braga is the President of BlueCrest Capital seven years as a Vice President and quant analyst before Management and heads the systematic team joining J.P. Morgan spin-off, Cygnifi Derivatives Services, L which manage both the BlueTrend and BlueMatrix a derivatives group, where she worked programmes. BlueCrest’s assets currently stand at $16 until 2001 when she joined her former colleagues at the billion. She also has responsibility for validating and newly formed BlueCrest. She has particular experience approving quantitative analytical, pricing and valuation in modelling of exotics, foreign exchange/ Leda Braga models that feed into other BlueCrest funds, including interest rate hybrid instruments and equity derivatives. President discretionary ones. This remit reflects the breadth of Following graduation, she pursued a career in academia, BlueCrest Capital Management her previous experience in the derivatives markets working as a lecturer and leading projects for three years Geneva whilst at J.P. Morgan with BlueCrest’s co-founders Bill at her former university, Imperial College. She holds a Reeves and Mike Platt. She worked at J.P. Morgan for PhD in engineering from Imperial College, London.

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tephanie R. Breslow is a partner at Schulte Roth & International Bar Association’s Private Investment Funds Zabel LLP, co-head of its Subcommittee, a member of the Board of Trustees of S Group and a member of its Executive Committee. 100 Women in Hedge Funds, a former member of the A leading lawyer in the area of investment management Steering Committee of the Wall Street Hedge Fund law, she is well known for her representation of clients Forum, and a member of the Advisory Board of Third in the formation of hedge, hybrid and Way Capital Markets Initiative. She is listed in Chambers Stephanie R. Breslow funds, as well as regulatory and compliance matters. USA, Chambers Global: The World’s Leading Lawyers, Partner She advises many of the largest hedge and private The Legal 500 United States, Who’s Who Legal: The Schulte Roth & Zabel LLP equity fund managers, as well as fund sponsors, International Who’s Who of Business Lawyers, among New York institutional investors and funds of funds. She is other leading directories. She is a graduate of Harvard active in the industry, serving as vice-chair of the University and Columbia University School of Law.

ane Buchan is a Managing Director and the Chief fund of funds and investment consulting firm, Collins Executive Officer of PAAMCO, as well as one of its Associates. She was an Assistant Professor of Finance J Co-Founders. PAAMCO manages $9 billion in assets. at the Amos Tuck School of Business at Dartmouth. She As Chief Executive Officer, she is responsible for is currently serving as chairwoman of the board for the overall business strategy. She is also a sector specialist Chartered Alternative Investment Analyst Association responsible for the evaluation and management of (CAIA) and is a member of the Advisory Board for the Jane Buchan fixed income relative value hedge funds in the various Master of Program at UCLA Managing Director, CEO and Co- PAAMCO portfolios, and is a member of the Investment Anderson School of Management. She holds both a Founder Oversight Committee. She began her career at J.P. PhD and an MA in Business Economics (Finance) from PAAMCO Morgan Investment Management in the Capital Harvard University and a BA in Economics from Yale Irvine, California Markets Group. From there she joined institutional University.

iona Carpenter re-joined EY as a Partner and in providing tax advisory services to asset managers Co-Head of the European Asset Management and investment funds, including structuring of the F Tax Practice in April 2013 from asset manager management entities, fund vehicles and portfolio TT International where she had been Chief Financial investments. She is chair of AIMA's Tax Committee Officer for three years. EY won The Leading Hedge Fund and is a guest speaker at numerous industry events; Tax Practice award at The Hedge Fund Journal’s 2012 she has active engagement with the FCA, HM Treasury Fiona Carpenter and 2013 awards events. Immediately prior to TT she and HMRC representing the hedge fund industry in Partner, Co-Head of European had spent eight years at EY having been appointed policy development and implementation. She holds Asset Management Tax Practice a Partner in 2006, aged twenty nine, the second an MSc in International & from the Ernst & Young LLP youngest ever Partner appointed by the firm; she also University of Durham. London co-led the firm’s hedge fund practice. She specialises

oraya Chabarek is Head of European Sales also gave her exposure to a broad range of hedge fund at CQS, the $12 billion London-based multi- strategies. In 2008, when Greg Coffey joined Moore S strategy hedge fund which she joined in January Europe Capital Management as Co-Chief Investment 2013 from Moore Capital. She began her career at Officer, Chabarek made the move with him. At Moore, HSBC Private Bank moving to Permal Investment she was the Head of Marketing for the Emerging Macro Management in London in 2000 where she focused Strategies where she successfully built the asset base Soraya Chabarek on structuring and distributing funds of hedge funds for those strategies. She is a dedicated committee Head of European Sales across the EMEA region. A fluent Arabic speaker, she member to The Sparkle Children’s Charity, part of The CQS joined GLG Partners in 2004 as a Principal to build out Face Value Project at Great Ormond Street Hospital. She London their Middle Eastern presence. The region became a holds a BA in Economics and Public Administration from significant contributor to AUM growth at the firm and Royal Holloway, University of London.

laine Co is a co-founding Partner at Janchor models, favourable growth prospects and the potential Partners Limited. She runs the firm’s business to take advantage of long-term positive structural E development functions and has overseen all of trends in Asia. Janchor has a unique lower management the firm’s non-investment activities since inception in fee structure for investors willing to commit to a longer 2009. Janchor’s founding portfolio manager/CIO, John term investment and also offers partial returns on Ho, used to be the Asia chief and Hong Kong office head fees in the event of a yearly loss. Prior to Janchor, Co Elaine Co for Chris Hohn’s The Children’s . With was with A.G. HK and was an investment Partner and Co-Founder over $1billion in , Janchor banker at & Co, NY. She holds an MBA Janchor Partners Limited focuses on long-term fundamental investing in the in Finance from Northwestern University’s Kellogg Hong Kong Pan-Asian region and takes a multi-year approach to School of Management and a BA from Ateneo de investing in companies that have superior business Manila University.

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nastasia Critides is an Executive Director at fund community. By the end of 2011, Morgan Stanley Morgan Stanley International. She currently had integrated the listed derivatives clearing platform A heads the European hedge fund consulting with prime brokerage; Critides lead the European listed team based in London. She first started working with derivatives sales team, expanding the firm’s offering hedge funds in 1999 when she joined Morgan Stanley to CTAs & macro focused funds. Before her hedge fund Prime Brokerage in New York. Leveraging Morgan days, she supported an equity derivatives prop desk at Anastasia Critides Stanley's strong institutional relationships, she has been Morgan Stanley and was among the firm’s first women Executive Director helping hedge fund managers launch and shape their brokers working with high net worth clients in the Morgan Stanley International businesses, market their funds and raise capital. She early 1990s. She has an MBA in Finance from New York London moved to London in 2006, joining the European capital University’s Leonard N. Stern School of Business and a introductions team covering the UK and European hedge BA in Economics from Rutgers University.

laine Crocker is a member of the Board of Directors, at Moore Capital. Prior to joining Moore in January 1995, President, and a member of the Investment she was a Managing Director and an Executive Vice E Advisory Committee of Moore Capital Management, President of Corporation (U.S.A) N.V. (“CC LP. Founded in 1989, Moore Capital currently has over (U.S.A.)”). Her responsibilities included the planning, four hundred employees and AUM of $13.5 billion. As selection and development of CC (U.S.A.)’s trading, President, she is responsible for administration of all research, risk control and legal and compliance activities, Elaine Crocker areas of the firm, with the heads of finance, operations, and she was also responsible for portfolio selection President legal, compliance, personnel, technology, and investor for internal capital and managed fund products. She Moore Capital relations all reporting to her. Known in the industry for joined in 1970. She received New York her ability to identify and nurture talented traders, she is a BS in Business Administration from Sophia University also responsible for the selection of portfolio managers International College in Tokyo, Japan.

odi DeVito is a Managing Director of Credit Suisse Director Evaluation Committee. In her various roles in the division, based in New at Credit Suisse, she was able to help grow the Prime J York. Within the equities department, she is Co-Head Services business to a top tier franchise. Prior to joining of Prime Services Coverage Americas, responsible for Credit Suisse in July 2002 she was a Vice President in sales of prime brokerage and prime finance products, the prime brokerage division at Morgan Stanley. She including swaps, ETFs and futures. She is also the began her career at Morgan Stanley in 1991 on the Jodi DeVito US head of the Prime Services Client Service team. Management Operations Training Program before Managing Director She has served as Co-Chair of the Americas Women's joining prime brokerage. DeVito holds a BS in Business Credit Suisse Network (AWN) Client Committee and is a member Administration from SUNY Albany, concentrating in New York of the Americas Client Committee of the Equities finance and marketing. Division. She is currently a member of the Managing

enia Diamond is Head of Business Development team she leads has overseen Cantab’s assets increase at LLP the systematic five-fold since 2011 when she joined from OMAM G manager based in Cambridge, UK. Diamond began her career as senior hedge fund England. As of May 2013 Cantab ran $5.5 billion across researcher at PAAMCO. In 2006 she joined BlueCrest two investment funds, CCP Quantitative Fund, now Capital as a Marketing Director. From there she moved closed to new investors and CCP Core Macro Fund to Solent Capital where she was a director in charge Genia Diamond that successfully launched in 2013. It was founded in of investor relations for two years before the move to Partner 2006 by Dr Ewan Kirk and Erich Schlaikjer (both ex- OMAM UK. Diamond has a PhD in Linguistics and an MA Cantab Capital Partners Goldman Sachs) and Chris Pugh (ex-KBC). Diamond, with honours in Linguistics and Culture Studies from Cambridge, England who was made a Partner earlier this year, leads the the Moscow State University, an MBA from Erasmus team responsible for all investor-related activities. The University in NL and is a CAIA charterholder.

nne Dinning is a Managing Director and Dinning joined the firm in 1990 after receiving a PhD in member of the executive committee at the computer science from New York University's Courant A D. E. Shaw Group and jointly supervises the Institute of Mathematical Sciences, where she won firm’s worldwide asset management business. As the Harold Grad Memorial Prize for Outstanding of 1 April 2013, the D. E. Shaw Group had a total PhD Candidate. In 2006, she was the recipient of the of approximately $30 billion in investment and Industry Leadership Award presented by 100 Women Anne Dinning committed capital, including approximately $22 in Hedge Funds. She was a member of the Asset Managing Director billion in alternative investments. She oversees the Managers’ Committee of the President’s Working D.E. Shaw & Co. firm’s energy, benchmark-relative equity, Group on Financial Markets, which produced a report New York and reinsurance, and long/short equity investment on best practices for hedge fund managers in the activities. She also serves on the firm’s risk committee. aftermath of the credit crisis.

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ucy Elwes is a Partner at Theleme Partners, the development and client relations at Newsmith Capital’s global long/short equity firm set up by Patrick Asset Management Group for five years. Before that L Degorce in 2009 and currently managing assets she worked with Degorce for six years at Lynch of approximately $2 billion. Theleme was one of the Investment Managers (MLIM), first as a portfolio largest long/short equity fund launches of recent manager and equity analyst and later as a hedge fund years and operates a locked-up product specialist. Whilst there she helped launch two Lucy Elwes across a predominately base. long/short equity funds, MLIM’s first in Europe. She Partner Elwes is in charge of the day to day management of has a First Class Honours degree in Modern Languages Theleme Partners the non-investment side of the firm as well as head from Christ Church College, Oxford. She is also a CFA London of business development. Prior to joining Theleme at charterholder. launch, she was the partner responsible for business

arcy Engel is a partner at Eton Park, having as Salomon Smith Barney’s General Counsel. She has joined in March 2005, shortly after launch. chaired and been an active member of several industry M She is the Chief Operating Officer and General and professional association committees including the Counsel and is a member of Eton Park’s Operating Futures Industry Association and Securities Industry and Committee. She is responsible for all of the non- Financial Markets Association, and is active with the investment activities of the firm, which has $11 billion Managed Funds Association. She is a frequent speaker at Marcy Engel in AUM, across its offices in New York, London and Hong industry and educational conferences. Engel is a member Partner, COO and General Kong. Prior to Eton Park, she spent more than fifteen years of the Board of Overseers of the University of Pennsylvania Counsel at (and its predecessor firms, Salomon Brothers Law School, the Dean of Literature, Science and the Arts’ Eton Park and Salomon Smith Barney) advising the capital markets Advisory Committee at the University of Michigan, and New York and investment banking businesses and later served the Board of Directors of The Legal Aid Society.

risten Eshak Weldon is a Managing Director a focus on interest rate derivatives. Later she moved of the Hedge Fund Solutions Group (BAAM) at to their Derivatives team, marketing and K Blackstone Group International Partners and structuring commodity products in the metal and co-head of the Group’s London office. BAAM’s hedge energy sectors. She also served as investment advisor at fund assets stood at $48 billion at the end of Q1 20013. J.P. Morgan Europe Limited, J.P. Morgan Securities Ltd, Her focus is on portfolio management of commodities and JPMorgan Chase Bank. She is chair of the London Kristen Eshak Weldon and European equity long/short strategies. She is also board of 100 Women in Hedge Funds. She holds a BS in Managing Director involved in the selection, evaluation and monitoring Finance and International Business from Georgetown Blackstone of new managers. Prior to joining Blackstone in University. London 2004, she worked at J.P. Morgan, originally for their Derivatives Structuring and Origination group, with

isa Fridman was promoted to Managing Director before relocating to PAAMCO’s London office in 2007 and Partner at PAAMCO at the beginning of 2012 to help grow the firm’s European presence. Fridman L and now leads PAAMCO’s London office. She has led initiatives aimed at creating and implementing heads the firm’s European manager research effort ‘best practices’ research procedures at the firm given and serves as lead account manager for some of the the changing regulatory and market environment. She firm’s largest institutional clients. As Head of European is a frequent speaker and panelist at industry events. Lisa Fridman Research, she oversees sourcing, due diligence and She is a founding member of the Advisory Council of Managing Director and Head of monitoring of the firm’s underlying hedge fund 100 Women in Hedge Funds. She received an MBA from European Research investments in Europe with a particular focus on the UCLA Anderson School of Management, and a BA in PAAMCO Europe emerging hedge fund managers. She started her career Business Economics from University of California, Los London with PAAMCO in California as an Associate in 2004 Angeles.

onia Gardner is the President, Managing with the Group, Inc. Previously, she served Partner and a co-founder of Avenue Capital. as Senior Attorney of the and Corporate S She is the Partner in charge of managing the Reorganization Department at Cowen & Company. She firm, and distressed investing has been the focus of was the recipient of 100 Women in Hedge Funds’ 2008 her professional career over the last twenty seven Industry Leadership Award. Gardner also serves on the years. She is also a co-founder of Amroc where she Executive Committee of the Board of Directors of the was a Senior Portfolio Manager responsible for Managed Funds Association and the Board of Directors President, Managing Partner and investing the partners’ capital. Prior to co-founding of 100 Women in Hedge Funds. She received a BA with Co-Founder Amroc as an independent entity, she was the General Honours in Philosophy from Clark University and a JD Avenue Capital Counsel and the Senior Managing Director of Amroc from the Cardozo School of Law. New York Investments, L.P., the predecessor firm associated

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aryn Geringer is Principal and Head of Marketing team and later as a senior member of Pequot Capital's (Americas) of the $12 billion multi-strategy marketing team. Before joining CSFB, she was a member K firm CQS. Geringer joined CQS in 2010 from of Donaldson, Lufkin & Jenrette’s Private Fund Group GLG Partners where she helped launch and manage where she was responsible for analysing and marketing a dedicated North American marketing effort. She private equity funds. After graduating from the United has overseen CQS' approval by several important U.S. States Naval Academy in 1994, Geringer served as a Karyn Geringer consultants as well as the addition of many new public Naval Intelligence Officer of an F/A-18 squadron and Principal, Head of Marketing and corporate , endowment and foundation a P-3 squadron. She obtained an MBA from Columbia (Americas) relationships for the firm. Geringer began developing Business School and is a Board member of the No CQS relationships with institutional investors as one of the Greater Sacrifice Foundation. New York first members of Credit Suisse's capital introduction

amantha Greenberg has been a partner on the Goldman Sachs Special Situations Group, becoming Vice investment team at Paulson & Co. since 2009, President supervising analysis of credit/distressed and S covering event-driven equities, risk and equities investment before joining Paulson and Co. She credit/distressed investments. Paulson & Co. currently is a Director on the Board of Directors of the 14th Street manages $19 billion. Greenberg began her career as an Y and is a volunteer at the Young Women’s Leadership Investment Banking analyst at Goldman Sachs in 1998 Network. She obtained an MBA from Samantha Greenberg before joining Francisco Partners as a Private Equity Graduate School of Business and has a BS in Economics Partner Associate in 1999. In 2003 she joined Chilton Investment & Finance (with a dual concentration in Finance and Paulson & Co. Company as a Vice President in their investment Strategic Management) from the Wharton School of the New York analysis division with a focus on equity and long/short University of Pennsylvania where she graduated summa investments. Four years later she took these skills to the cum laude.

athryn Hall is Chief Executive Officer and Co-Chief partnership that she founded in 1989, a GP of HFS Investment Officer of Hall Capital Partners LLC, a Management Partners (predecessor to K $25 billion AUM investment firm with more than Partners), HFS Partners I, and Hellman & Friedman. $7 billion invested in hedge funds which she founded She began her career at Morgan Stanley. Currently, in 1994. The firm serves as an outsourced CIO for large she is the Chair of the Board of Trustees of Princeton pools of family capital, foundations and endowments. University, and serves on the Board of Trustees of The Kathryn Hall It continues to win mandates from endowments and Andrew W. Mellon Foundation, the Board of Regents CEO and Co-CIO foundations as more of these types of investors opt to of St. Ignatius College Preparatory, the Board of the Hall Capital Partners LLC let others manage their investments following the 2008 UCSF Foundation and the Federal Reserve Board's 12th San Francisco financial crisis. Previously, Hall was a General Partner District Economic Advisory Council. of Laurel Arbitrage Partners, a investment

eresa Heitsenrether is a Managing Director and to London, she was Global Head of Product Development Global Head of Prime Brokerage at J.P. Morgan. for J.P. Morgan’s Prime Brokerage business. In this role, T She is responsible for driving the strategy across she provided strategic oversight of new product delivery all prime brokerage products and functions and growing of global client financing and clearing solutions for hedge the business with hedge funds globally. She recently funds across multiple and geographies. returned to New York following an international Prior to running Product Development, Heitsenrether Teresa Heitsenrether assignment in London as Head of Prime Brokerage was Global Co-Head of J.P. Morgan's Fixed Income Managing Director and Global in EMEA coinciding with the launch of J.P. Morgan’s Prime Brokerage, providing credit intermediation and Head of Prime Brokerage European Prime Brokerage business in 2011. Prior to financing of fixed income securities, foreign exchange, J.P. Morgan assuming her current role, she held several leadership credit derivatives, interest rate derivatives and select New York positions in the Prime Services business. Before moving commodities to hedge funds and other buy-side clients.

hirin Ismail is Senior Vice President and Head of trading and portfolio management. Prior to joining Funds of Hedge Funds at ’s Fullerton Fullerton, she worked for the Fund Management Division S Fund Management Company, the Asia-focused firm of Temasek Holdings (Private) Limited, where she was a wholly owned by Temasek Holdings and which manages fixed income portfolio manager specializing in European assets of $10 billion. Fullerton was spun out of Temasek bonds. Before Temasek, she was a Treasurer at DBS in 2003 and counts institutions, endowments, private Bank, Singapore from 1992-2000, managing the ACU Shirin Ismail and public sector agencies among its clients. Ismail book, European and Asian FX forwards, Head of Absolute Return joined Fullerton in 2003. She is responsible for portfolio interest rate derivatives trading, bonds as well as asset Fullerton Fund Management investments into absolute returns funds including hedge & liability management. Shirin graduated from Nanyang Singapore funds. Ismail has more than twenty years of experience Technological University of Singapore in 1992 with a First in fixed income, FX forwards, money market,derivatives Class Honours Degree in Business (Banking & Insurance).

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ora Jordan is head of the Investment spin-out of their group into hedge Management Group at Davis Polk. She provides fund manager PDT Partners. She is a co-author of N regulatory advice to some of the largest US Advising Private Funds: A Comprehensive Guide to and non-US hedge fund managers. In addition, she has Representing Hedge Funds, Private Equity Funds and worked on a number of internal investigations involving Their Advisers and is a regular speaker and panellist hedge fund and other asset managers and has advised at industry conferences. Jordan is listed as a leading Nora Jordan on a number of spin-outs, acquisitions, reorganizations fund lawyer in numerous legal industry publications, Partner and restructurings of asset managers. She advised including Chambers Global, Chambers USA, Legal 500 Davis Polk Morgan Stanley on its investments in hedge fund and IFLR1000. She holds a BA cum laude from University New York managers, including , Lansdowne of Notre Dame and a JD with honours from Duke Partners and FrontPoint Partners and worked on their University School of Law.

athleen Kelley is Founder and Chief Investment of experience in global macro research and portfolio Officer of Queen Anne's Gate Capital Management management across such firms as Kingdon Capital K (“QAG”), a discretionary global macro hedge fund Management, Vantis Capital and Tudor Investment with a commodity focus which launched in September Corporation. She began her career as an economist at 2012. The QAG Global Macro Fund LP expresses global the Federal Reserve Bank of New York. She serves on the macro themes through commodity futures and options, North American Advisory Board of the London School Kathleen M. Kelley with smaller allocations to fixed income and foreign of Economics, the Smith Investment Committee and a Founder and CIO exchange. Kelley’s investment strategy is historically number of non-for-profit boards. She is a co-founder of Queen Anne’s Gate Capital agnostic to market and direction. She has a long track High Water Women. She holds a BA in Economics with a Management record of generating positive returns in both bullish and Minor in Math from Smith College and a General Course New York bearish commodity markets. She has over twenty years Degree from the London School of Economics.

assi Khadjenouri founded Kite Lake Capital Managing Director of Centaurus Capital, a London- Management with Jan Lernout in July based event-driven hedge fund. From 1993 to 2000, M 2010. Her event-driven fund focuses on she was a founding member of the special situations generating absolute returns around liquid, hard- desk at Paribas in London. This desk was one of the catalyst situations. It is now nearing the $100 million first European investors in distressed debt. Khadjenouri AUM mark and has developed a strong track record of obtained a French Baccalaureate with Honours at Ecole Massi Khadjenouri uncorrelated absolute returns. Before founding Kite Lémania in Lausanne in 1979 and graduated summa CIO and Co-Founder Lake, Khadjenouri was the Chief Investment Officer of cum laude with a BS in Accounting from Georgetown Kite Lake Capital Management Cheyne’s award winning Special Situations Fund since University, Washington D.C. in 1982. In 1985 she London its inception in March 2003 until December 2008. From obtained an MBA from the Wharton School of Business 2000 to January 2003, she was a Senior Partner and at the University of Pennsylvania.

am Kiernan is currently a Managing Director Operating Officer for Deutsche Asset Management’s and member of the Markets Prime Finance $9 billion Absolute Return Strategies Group where she P Executive Committee in Deutsche Bank’s had oversight responsibilities for fund accounting, Corporate Banking and Securities division. She has product structuring, operations, technology, legal and global responsibilities for hedge fund consulting and compliance. She worked at Morgan Stanley before client on-boarding with teams located in seven cities joining Deutsche Bank. She holds a BS in Economics Pam Kiernan across North America, Europe, and Asia. Each year she from Pennsylvania State University and is a member Managing Director works with over three hundred start-up and established of ATLAS (Accomplished Top Leaders Advancement Deutsche Bank hedge fund managers to assist with all non-investment Strategy), a program Deutsche Bank has designed to New York aspects of their business. She has been at Deutsche support high performing women. Bank for sixteen years and previously served as Chief

nnette Krassner joined Pine River Capital in in the Securities Division. She co-headed the Prime 2012 as Chief Administrative Officer. She is Brokerage Consulting Services & Product Development A responsible for building and implementing team, having founded Consulting Services in 1999. The Pine River's institutional processes, making the fast- team helped hedge funds set up their offices and then growing company operate more efficiently while facilitated their business growth. She joined Goldman preserving its entrepreneurial roots. Pine River currently Sachs in 1994 as a Senior Telecom Analyst where she Annette Krassner manages over $14 billion in a range of investment had project management responsibilities for setting up Chief Administrative Officer strategies, with eight offices in Asia, UK and US and Goldman Sachs' offices globally. From 1986 to 1994 she Pine River Capital Management almost 400 employees globally.Prior to joining Pine worked at IPC Information Systems. She received a BA in New York River, she spent eighteen years at Goldman Sachs Communications from the State University of New York where she ultimately served as a Managing Director at Oneonta in 1984.

8 50 LEADING WOMEN IN HEDGE FUNDS 2013

ivian Lau is a Partner and Co-Portfolio Manager Multi-Strategy Investment business from 2006 to 2008, at Serengeti Asset Management. Serengeti is a one of the main proprietary investment platforms within V thirty person opportunistic firm the Goldman Sachs Special Situations Group. She served overseeing $1.4 billion across three funds, investing on the America Special Situations Investment Committee across a range of asset classes from corporate credit and (2006-2008) and Specialty Lending Group Investment to equities. Its flagship Opportunities Committee (2006-2008) at Goldman having been made Vivian Lau Fund has generated an annualized three-year return a Managing Director in 2006, aged twenty eight. She Partner and Co-Portfolio Manager of 10.7% and finished 2012 with an annual return of serves on the Board of Trustees at Achievement First Serengeti Asset Management 13.4%. Serengeti’s Lycaon Credit Fund has generated an Crown Heights, a charter school in Brooklyn. Lau New York annualized three-year return of 15.6% and 2012 annual graduated from Harvard University in 2000 with a degree return of 22.0%. Prior to joining Serengeti, Lau ran the in Applied Mathematics and Economics.

arina Lewin joined BNY Mellon in 2000 pension plans, endowments and foundations sectors. following careers at both J.P. Morgan and In addition, she has responsibility for increasing the M Deutsche Bank where she held a variety company’s global market share with both traditional of roles, including operations management, product and alternative investment managers. She is also a management, and product development. At BNY Mellon member of BNY Mellon's Operating Committee. BNY she has held roles in the global sales and relationship Mellon has more than $600 billion of alternative assets Marina Lewin management teams for their alternative investment under administration and custody. She graduated Head of Sales for Asset Servicing services business and in 2012 was made Head of Sales from Barnard College and received her MBA in Finance in the Americas and Global Head for Asset Servicing Americas. Her current duties include from New York University and currently serves on the of Sales for Alternative Investment monitoring and developing sales strategy for their asset Advisory Board for the Athena Leadership Program at Services, BNY Mellon, New York servicing business in the insurance, corporate and public Barnard College.

arie-Hélène S. McAndrew is Senior Vice Management (2000-2003) before re-joining Permal in President and Portfolio Manager for Permal’s 2003. She has been Permal Asset Management’s Chief M flagship macro fund, the $4.1 billion Permal Compliance Officer, as well as a Senior Financial Analyst/ Macro Holdings Ltd, which was up 4.8% through end of Portfolio Manager, responsible for discovering and May 2013, and since inception in 1996 has annualised screening potential and existing investment managers. 7.9%. , which is part of Inc., She was at the Permal Group as a Financial Analyst from Marie-Hélène manages approximately $24 billion of alternative assets 1996 to 1999. McAndrew holds an MA in International S. McAndrew and has a global investment team based in New York and Affairs, with a concentration in Finance from Columbia London, and additional investment hubs in Singapore University (2003), a BSBA in Finance (cum laude) from Senior Vice President and Portfolio and . McAndrew spent three years at Credit Suisse Georgetown University (1995) and a GC Certificate from Manager, Permal as Assistant Vice President for Credit Suisse Asset the London School of Economics (1994). New York

ichelle McCloskey is Senior Managing Director Executive Committee, she contributes to the running at Financial Risk Management (FRM), based in of Man's global business. Prior to the FRM acquisition, M New York. The combination of the former Man she had various responsibilities within the Man Multi Multi Manager Business with FRM in July 2012 created Manager Business (MMB) and its predecessors, including the largest Europe-based independent multi manager heading hedge fund research for MMB, Head of the group, operating under the FRM brand. McCloskey Commodities and New Alternatives teams within MMB, Michelle McCloskey oversees all the bottom-up processes globally, including and heading RMF Investment Management's New Senior Managing Director the manager research team and effort, the managed Alternatives team. Prior to joining RMF in 2006, she FRM accounts platform and the seeding business. She is a was a portfolio manager in the commodities sector. New York member of the FRM Investment Executive and the FRM She graduated magna cum laude with a BS in Chemical Management Committee. As a member of the Man Engineering from Texas Tech University in Lubbock, Texas.

ane Mendillo is the President and Chief Executive management consultant. In 1987 she joined HMC for Officer of Harvard Management Company (HMC), the first time, later being appointed Vice President of J and is responsible for directing its $30 billion External Management, responsible for $7 billion worth endowment. She re-joined HMC during turbulent of assets. In 2002 she joined Wellesley College as the economic times in July 2008. Among her initial Chief Investment Officer, in charge of managing the priorities was reducing the number of external College’s endowment before returning to Harvard in Jane Mendillo managers to focus on the top performers. She also 2008. Mendillo sits on the board of Boston Foundation President and CEO put in place a top level risk management overlay. and on the investment committees for the Rockefeller Harvard Management Company Her career began in 1980 with a managerial position Foundation and Partners Healthcare. She holds a BA Boston at the office of investments at , in English from Yale College and an MBA from the Yale before moving on to work at Bain & Company as a School of Management.

9 50 LEADING WOMEN IN HEDGE FUNDS 2013

ndrea Morrall is the Chief Operating Officer and of the firm. An accountant by training, she began her a Partner of OVS Capital Management LLP, a career with Morley and Scott before moving to Arthur A London based European equity event driven fund Andersen where she spent four years as a manager manager investing in liquid situations (risk arbitrage, within their Audit and Business Process Outsourcing spin-offs and recapitalisations), equity arbitrage groups. In 2002 she was recruited by the London office situations (stub trades, holding companies and dual listed of HBK Investments, a global multi strategy hedge fund Andrea Morrall companies) and selected equity long/short situations. headquartered in Dallas where she met and worked Partner and COO She co-founded OVS with Chief Investment Officer Sam alongside Morland as European Controller until 2009. OVS Capital Management LLP Morland in early 2010 with launch capital of $8 million. Morrall was a global prize-winner and Bronze Medallist London Today, the assets stand at $300 million. She is responsible in her final ACCA examinations taken in 1993. She is a for all the legal, operational and regulatory activities Committee Member of Hedge Funds Care UK.

ileen Murray is Co-President, Co-Chief Operating Control; she was a member of both firms' Management Officer and a member of the Management Committees, and Executive Committees. She was also E Committee at , LP. appointed the first female member of Credit Suisse’s Bridgewater’s hedge fund assets currently stand at Executive Board. Prior to joining Bridgewater in 2009, $150 billion. She has over two decades of Wall Street she was President and Management Committee member experience, having held senior leadership roles at Morgan of Duff Capital Advisors. She is a member of the Board Eileen Murray Stanley, where she held the positions of Controller, of the YMCA of Greater New York and Inwood House. In Co-President and Co-COO Treasurer and Chief Operating Officer for the Institutional recognition of her leadership in the financial services Bridgewater Associates, LP Securities Group, and Credit Suisse, where she held the industry, she has received the Women’s Bond Club Merit Westport, Connecticut positions of Management and Executive Board member Achievement Award, Legal Momentum’s Aiming High and Head of Global Technology, Operations and Product Award, and the Urban Stages Humanitarian Award.

u Mustier has been at Albourne since 2001 and is hedge funds, private equity, real assets and real estate involved in investment research on funds focusing funds. Its clients include public and corporate pension S on the global macro strategy. She previously plans, sovereign entities, family offices, endowments, worked in actuarial consulting, investment banking and foundations and financial intermediaries. It has recently fund management, as well as a stint at a fund of hedge been involved in the development and application of funds firm. Albourne was founded in 1994 and currently the Open Protocol Enabling Risk Aggregation, a risk Su Mustier has some two hundred and thirty employees, including methodology to enable consistent reporting across Partner over one hundred and forty alternative investment the alternative investment industry. Albourne is a Core Albourne Partners analysts, in twelve locations around the world. It offers Supporter and member of the Board of Trustees of the London investment and operational due diligence, risk analysis Hedge Fund Standards Board. Mustier has a BSc from the and portfolio advice on complicated assets, including London School of Economics and qualified as an actuary.

nita Nemes joined Deutsche Bank in October half of the entire market with regard to assets under 2010 as Global Head of Capital Introduction. In management. Prior to Deutsche Bank, she worked A her role, she oversees Deutsche Bank’s capital at Bank of America Merrill Lynch for ten years where introduction activities which include the annual she headed the Capital Introductions Group globally. Bridging the Gap conference as well as the Alternative Nemes, who started her career in television, joined Investment Survey, the industry’s most comprehensive Merrill Lynch in 2000 from Credit Suisse First Boston, Anita Nemes investor survey, which predicts the direction of hedge where she sold emerging markets equities research Global Head of Capital fund investing based on investor expectations. The from 1997. She holds an MA from The Budapest Introduction 2013 Survey featured over three hundred investor University of Economic Sciences, Hungary and an MBA Deutsche Bank entities globally, representing more than $1.2 trillion from INSEAD, France. London in hedge fund assets and thus covering more than

uzi Nutton is the Chief Operating Officer at up 16% this year after gaining 18% in 2012. Nutton, Lansdowne Partners, one of London’s largest formerly Lansdowne’s Head of Operations, became S hedge fund managers which was co-founded by Chief Operating Officer earlier this year as part of a Paul Ruddock and Steven Heinz in 1998. Lansdowne management change which sees Alex Snow, the former is a leading European long/short equity investment head of UK Investment Banking at Investec, take over firm and a significant investor in leading blue-chip as Lansdowne’s new chief executive officer from co- Suzi Nutton companies including Lloyds Banking Group, Ryanair, founder Ruddock, who retired at the end of June 2013. Chief Operating Officer Nike and Manchester United. Currently the firm Nutton has been at Lansdowne since the firm launched, Lansdowne Capital Partners manages assets of $13.5 billion, $10.0 billion of which having previously worked at Riyad Bank in London from London is deployed in its flagship Developed Markets strategy 1991 to 1998. She will work closely with Snow in the run by Pete Davies and Stuart Roden and which is day to day management of the firm.

10 50 LEADING WOMEN IN HEDGE FUNDS 2013

ngrid Pierce joined Walkers in 2002. She was made its merger with Merrill Lynch Investment Managers, a a Partner in 2008 and became Global Managing merger which resulted in an independent investment I Partner of the firm in 2012. Based in the Cayman management firm with over $1 trillion in assets. Pierce Islands office, she also serves as head of the Cayman is a member of the Legal Peer Advisory Group of 100 Investment Funds Group. She has over nineteen years' Women in Hedge Funds, a Council member of the experience in advising fiduciaries and represents major Society of Trust and Estate Practitioners (STEP) Cayman, Ingrid Pierce institutions, fund managers, directors and trustees in and a member of the Economic Club of New York. Pierce Global Managing Partner all aspects of investment funds, including structuring is a regular media commentator on investment funds Walkers Global and on-going operations, and has particular expertise in and regulatory issues and is also a frequent speaker at Cayman Islands advising funds on managing distress in volatile markets. industry events. She was the Cayman Islands counsel to BlackRock on

urnima Puri is a Founding Partner of Highbridge been widely recognized for her leadership across the Principal Strategies (“HPS”), the $19 billion firm, and has specifically helped drive the development P credit and private investment business which is of HPS’s public credit capabilities. She began her a subsidiary of Highbridge Capital Management and eighteen year career with Lazard Frères, and held J.P. Morgan Asset Management. She runs the public prominent positions at Redwood Capital Management credit business at HPS which includes the Highbridge and Goldman Sachs’ Credit Arbitrage Desk and Principal Purnima Puri Credit Opportunities Fund, the Highbridge Leveraged Investment Area prior to her time at HPS. She is a Founding Partner Loan Fund and related Managed Accounts. She is also member of the Mount Sinai Hospital Children’s Center Highbridge Principal Strategies a member of the Specialty Loan Fund and Mezzanine Foundation Board. Puri received a BA in Mathematics New York Fund Investment Committees, as well as the HPS Credit from Northwestern University and an MBA from Harvard Committee. Since helping to found HPS in 2007, she has Business School.

ose Shabet is the Chief Operating Officer and technology. She joined Viking in March 2008 following an Member of the Management Committee at Viking eighteen month stint at where she was R Global Investors L.P. The firm manages $17 billion a Managing Director and Global Co-Head of Corporate in its long/short equity hedge fund and $5 billion in its Communications, Marketing and Branding. She spent long-only fund from offices in Greenwich, New York, eleven years at Goldman, Sachs & Co. primarily as London and Hong Kong. The firm was co-founded by an investment banker in the Financial Institutions Rose Shabet Tiger Cub Andreas Halvorsen in 1999 after seven years Group and also worked in the Equities Division and Chief Operating Officer working for at the legendary Tiger the Executive Office. She has an AB in Economics from LP Management, where he was an analyst and director of Harvard College, an MBA from The Wharton School of Greenwich, Connecticut equities. Shabet is responsible for personnel, operations, the University of Pennsylvania and is a member of the finance and accounting, investor relations and Board of Trustees of the Waterside School.

ennifer Stier is a Managing Director, Chief Operating experience in the fund administration business, having Officer and member of the six-person Management co-founded the US affiliate of hedge fund administrator J Committee of Highfields Capital, a $12 billion value Hemisphere (subsequently acquired by BISYS where she investment firm founded in 1998 by Jonathon Jacobson. became Co-President of BISYS Fund Services globally). In her nine years at the helm, Stier has built out a robust She started her career at PricewaterhouseCoopers in the infrastructure on the investment and non-investment Financial Services Industry Practice. Stier is a member of Jennifer Stier sides of the business. Boston-based Highfields invests the Massachusetts Society of CPAs where she serves on Managing Director and COO across a wide variety of industries, types the Alternative Investment Committee. At The Fessenden Highfields Capital and geographies, aimed at delivering superior risk- School, she is Treasurer of the Board of Trustees, Boston, Massachusetts adjusted returns by building a differentiated, relatively Chairman of the Finance Committee and a member of concentrated investment portfolio. Stier has deep the Executive Committee.

eraldine Sundstrom joined as losses among emerging market strategies, through a a Partner and Portfolio Manager of the Brevan combination of directional and relative value trades. GHoward Global Emerging Markets Fund in 2007, The Fund now boasts assets of nearly $2.8 billion as of following a successful career as a portfolio manager April 2013 and it produced a positive return of 14.12% at Moore Capital where she specialised in emerging in 2012. 2012’s results were principally drawn from markets across a range of asset classes. Before being South American emerging markets sovereign debt, Geraldine Sundstrom headhunted by Moore, she spent three years at Citibank after correctly identifying fixed income as the assets to Partner as a vice president and investment management own during a prolonged period of low global growth. Brevan Howard analyst. Beginning with $350 million of Sundstrom has degrees in Economics and Banking Geneva at Brevan Howard, Sundstrom successfully navigated Finance Insurance from Paris Dauphine and a degree in the difficult bear market of 2008, which saw massive Finance from Birkbeck College, London.

11 50 LEADING WOMEN IN HEDGE FUNDS 2013

ffie Vasilopoulos is a Partner in Sidley Austin's of fund management companies and the restructuring Hong Kong office, head of the firm’s Investment of collective investment vehicles. She is recognized as a E Funds practice in Asia and a member of the firm’s leading authority in the funds area in Asia, having been Executive Committee. She focuses on investment fund involved in a number of ground-breaking deals over the transactions, particularly the development of investment last few years. She is recognised as a leading lawyer in fund structures and financial products, including hedge Investment Funds in IFLR 1000, Asia Pacific Legal 500, Effie Vasilopolous funds, real estate funds, private equity arrangements, Chambers Asia Pacific, AsiaLaw Profiles, PLC Which Partner exchange traded funds including real estate investment Lawyer, the International Who’s Who of Business Lawyers Sidley Austin trusts, and other publicly offered funds. She has and the Who’s Who of Private Funds Lawyers. She holds Hong Kong experience in corporate finance transactions involving an LLB from the University of Technology, Sydney and a the listing of fund vehicles, JVs, the acquisition/disposal BA in Economics from the University of Sydney.

alia Velimukhametova spent seven years at of the market for European distressed debt. The fund J.P. Morgan in various positions, including maintains a flexible position to go short both through G proprietary trading debt, equity and capital credit default swaps and shorting cash bonds, marking structure arbitrage, before joining King Street Capital it out from traditional distressed funds which typically as a Managing Director and member of the Investment adopt a long-only or long-biased position. The GLG Committee in 2005. In 2008 she joined GLG managing Distressed Fund produced a +17.92% return in 2012 Galia the distressed strategy of their Fund. By and strategy assets as at end May 2013 stood at $600 Velimukhametova September the following year she launched her own GLG million. In 2011 she was awarded the European Industry fund dedicated to exploiting distressed opportunities Leadership Award by 100 Women in Hedge Funds. She Portfolio Manager in Europe. The GLG European Distressed Fund aims to holds an MBA from Washington University and Honours Man GLG London lever advantage from the relatively inefficient nature degree in Economics from Moscow University.

ouise Zarrilli is Managing Director and Head servicing for the firm’s approximately sevenhundred of Investor Relations for the Tudor Group of client relationships. In addition, her department L Companies and affiliated entities engaged in works integrally with the firm’s Product Development client and proprietary trading in the global fixed Department in guiding new client relationships and income, equity, and commodity markets. She in defining new client offerings. She serves on the is a partner of the firm and is a member of Tudor's Steering Committee of the Investor Relations/Business Louise Zarrilli Operating Committee. As of July 1, 2013 Tudor manages Development Forum of the Managed Funds Association, Partner and Managing Director approximately $13.5 billion. Zarrilli is based in the firm’s a US industry association for alternative asset managers. Tudor Investment Corp. Greenwich headquarters and joined Tudor in January She holds an MBA in Finance from St. John’s University Greenwich, Connecticut 1988. She oversees a full-time staff of ten involved and a BA from Pace University. in all aspects of global investor communications and

oslyn Zhang is Managing Director of the as Director of Portfolio Research & Analysis at the Department of Fixed Income and Absolute Return University of Toronto Asset Management, where she R Investments at China Investment Corporation, sourced new investment opportunities and provided managing the investments in the event driven, relative risk analysis for its $5.5 billion endowment; she was value and credit related strategies. Prior to this she was in this role from 2005-2007. Her career began in 2000 a research analyst at Constellar from 2009-2011. Before as a Senior Analyst with Financial. Zhang Roslyn Zhang that she was employed by the Spider Management holds a BA in Economics from the Central University of Managing Director Company, which manages the University of Richmond’s Finance and Economy in Beijing and an MBA from McGill China Investment Corporation endowments, as Assistant Director of Investments, University, Montreal. She is also a CFA charterholder. Beijing focusing on Asian investment strategies in private equity and hedge funds. This followed on from a role

amie Zimmerman founded Litespeed Management 1987, so beginning a career in fund management. From LLC in October 2000 with assets of $4 million. there she joined Dillon Read & Co., Inc.'s risk arbitrage J Litespeed is an event driven fund that invests across group and then later, in 1990, moved to Oppenheimer the capital structure, and manages $1.8 billion today for & Co., where she held positions in the distressed debt a range of institutional investors. The fund has annualized department and later managed a proprietary account. In at 11.7% since inception with no . Zimmerman 1997 she moved to Toronto-Dominion Bank, as Head of Jamie Zimmerman began her career as an attorney in 1984 at the Federal Research for a risk arbitrage/special situations portfolio. Founder Bankruptcy Court in the southern district of New York She received a BA from Amherst College, a JD from the Litespeed Management LLC before joining LeBoeuf, Lamb, Leiby & MacRae in 1986 University of Michigan Law School, and a Masters in New York where she practised as a bankruptcy lawyer. She joined English Literature from the University of Michigan’s L.F. Rothschild & Co., Inc.'s risk arbitrage department in Horace Rackham Graduate School.

12 50 Leading Women In Hedge Funds 2013

Katherine Abrat, Goldman Sachs (Asia) Nora Jordan, Davis Polk Elena Ambrosiadou, IKOS Kathleen M. Kelley, Queen Anne’s Gate Capital Management

Jennifer L. Ancker Whelen, Graham Capital Management Massi Khadjenouri, Kite Lake Capital Management Natalie Birrell, Anchorage Capital Group, L.L.C. Pam Kiernan, Deutsche Bank

Leda Braga, BlueCrest Capital Management Annette Krassner, Pine River Capital Management

Stephanie R. Breslow, Schulte Roth & Zabel LLP Vivian Lau, Serengeti Asset Management Jane Buchan, PAAMCO Marina Lewin, Bank of New York Mellon

Fiona Carpenter, Ernst & Young Marie-Hélène S. McAndrew, Permal

Soraya Chabarek, CQS Michelle McCloskey, FRM

Elaine Co, Janchor Partners Limited Jane Mendillo, Harvard Management Company

Anastasia Critides, Morgan Stanley International Andrea Morrall, OVS Capital Management LLP

Elaine Crocker, Moore Capital Eileen Murray, Bridgewater Associates, LP

Jodi DeVito, Credit Suisse Su Mustier, Albourne Partners Genia Diamond, Cantab Capital Partners Anita Nemes, Deutsche Bank

Anne Dinning, D.E. Shaw & Co. Suzi Nutton, Lansdowne Capital Partners

Lucy Elwes, Theleme Partners Ingrid Pierce, Walkers Global

Marcy Engel, Eton Park Purnima Puri, Highbridge Principal Strategies

Kristen Eshak Weldon, Blackstone Rose Shabet, Viking Global Investors LP

Lisa Fridman, PAAMCO Europe Jennifer Stier, Highfields Capital

Sonia Gardner, Avenue Capital Geraldine Sundstrom, Brevan Howard Karyn Geringer, CQS Effie Vasilopolous, Sidley Austin

Samantha Greenberg, Paulson & Co. Galia Velimukhametova, Man GLG

Kathryn Hall, Hall Capital Partners LLC Louise Zarrilli, Tudor Investment Corp.

Teresa Heitsenrether, J.P. Morgan Roslyn Zhang, China Investment Corporation

Shirin Ismail, Fullerton Fund Management Jamie Zimmerman, Litespeed Management LLC

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