100 WOMEN IN HEDGE FUNDS Building with Books was founded in 1991 with a mission to enhance education and empower youth in the U.S. to make a positive difference in their communities while helping people in developing countries increase their self-reliance through education. Building with Books operates within and beyond the classroom, engaging primarily urban youth through global education presentations offered within 5th Anniversary Gala and Benefit social studies classes and through after-school programs where students contribute intensive community service. Our programs are established in schools in New York, Connecticut, Michigan, Pennsylvania, Illinois and California. CELEBRATING INNOVATIVE Over the last five years, more than 7,000 youth in the U.S. have contributed APPROACHES IN EDUCATION over 200,000 hours of community service through Building with Books programs. 97% of the American high school students we have worked with over the last five years are now in college. Thursday, November 16, 2006 In addition to contributing community service locally, Building with Books students are also helping to build schools in remote villages in developing countries around the world. We have built schools on four continents and have just completed construction of our 180th school. There are now more than 79,000 children and parents worldwide who have attended schools built by Building with Books. For more information, visit www.buildingwithbooks.org. Teach For America’s mission is to build the movement to eliminate educational inequity by enlisting our nation’s most promising future leaders in the effort. We do this by building a corps of outstanding recent college graduates of all academic majors and career interests who commit two years to teach in urban and rural public schools and become lifelong leaders in ensuring educational equity and excellence for all children. Since its inception in 1989, nearly 17,000 individuals have been placed as teachers in urban and rural communities across the country. Currently, there are nearly 4,400 corps members teaching in classrooms in 25 regions from New York City to Los Angeles, and from the Pine Ridge reservation in South Dakota to the Rio Grande Valley in Texas. Corps members work relentlessly to close the academic achievement gap for their students. At the same time, more than 12,000 Teach For America alumni work for change from every professional sector, exerting leadership in education and social reform as teachers, principals, school board members, district leaders, policy makers, journalists, public health advocates, and pioneers in education reform initiatives. For more information, visit www.teachforamerica.org. IN SUPPORT OF Thank you Teach For America for helping us & Building with Books make a difference. HONORING Dr. Anne Dinning D. E. Shaw & Co., L. P. 100 Women in Hedge Funds’ Industry Leadership Award Carl C. Icahn www.100womeninhedgefunds.org Icahn Management 100 Women in Hedge Funds’ Effecting Change Award 100 Women in Hedge Funds 5th Anniversary Gala and Benefit CHECK-IN/COCKTAIL RECEPTION Bellini Cocktails sponsored by Ospraie Management Butlered hors d’oeuvres sponsored by Bay Harbour Management L.C. National Anthem Kathleen Thren, Member of 100 Women in Hedge Funds SEI Investments Opening Remarks Amanda Pullinger, President of 100 Women in Hedge Funds Aquamarine Fund “100 Women in Hedge Funds Industry Leadership Award” to Dr. Anne Dinning Presented by David E. Shaw, D. E. Shaw & Co., L. P. “100 Women in Hedge Funds Effecting Change Award” to Carl C. Icahn Presented by Maria Bartiromo, CNB C DINNER Toast Kristin Mott, DKR Capital & Stefanie Apicella, Old Hill Partners Inc. Auction Committee Co-Chairs 2006 Live Auction Eliza B. Osborne, Sotheby’s with: Michael Litt, FrontPoint Partners Reaching Out for Education Natasha Fedorow, Gala PR and Volunteerism Chair 2006 Pine Grove Associates Inc. Presentation of Check to Building with Books and Teach For America Juliette Cottrill, Gala Chair 2006 FrontPoint Partners Closing Remarks CIPRIANI DOLCI DESSERT BUFFET/OPEN BAR Live Band “The Subscribers” Table of Contents 100 Women in Hedge Funds Association Inc. 100 Women in Hedge Funds Board of Directors 3 BOARD OF DIRECTORS About 100 Women in Hedge Funds Mimi Drake, Defiance Asset Management, LLC Kristin Fox, HedgeWorld 2006 Gala Committee 4 Dana B. Hall, D. E. Shaw & Co., L. P. Honorees 5 Carol Kim, Lehman Brothers Mindy Posoff, NewMarket Capital Partners, LLC Chairs, Vice Chairs & Benefit Committee 6 Amanda Pullinger, Aquamarine Capital Management, LLC Eve Teich, Silver Point Capital Friends of 100 Women 7 Joan Werner, Ramius Capital Group 100 Women in Hedge Funds Angels 8-9 Live Auction, Committee & Auctioneer 10-11 Auction Rules 12 Auction Lots 13-21 ABOUT 100 WOMEN IN HEDGE FUNDS Auction & Gift Bag Donors 22 100 Women in Hedge Funds is a global association of more than 4,500 volunteers Pre-Gala Party 23 that seeks to make a difference in our membership, industry and community through unique educational programming, professional development initiatives and Special Thanks 24 philanthropy. 3 2006 Gala Committee Honorees CHAIR DR. ANNE DINNING, P h .D. Juliette Cottrill, FrontPoint Partners Anne Dinning was selected to receive the Industry Leadership Award for her BOARD CHAMPION talent and passion for investing, her business ethics, and her unique insight into the hedge fund industry. Dr. Dinning joined the D. E. Shaw group in 1990, after Mimi Drake, Defiance Asset Management, LLC receiving a Ph.D. in computer science from New York University’s Courant Institute of Mathematical Sciences, where she won the Howard Grad Memorial Award for COMMITTEE MEMBERS Outstanding Ph.D. Candidate. From 1995 to 1999, she was the managing director Stefanie Apicella, Old Hill Partners Inc. responsible for the firm’s worldwide asset management activities and in 1996 was Sherrie Beehler, Oppenheimer & Co. Inc. responsible for the management of an international broker dealer business based Martha Dabagian, Goldman, Sachs & Co. in London. She retired in 1999, but rejoined the D. E. Shaw group as a managing director in August 2002. She directs various strategic initiatives and, along with Natasha Fedorow, Pine Grove Associates Inc. certain other managing directors, is responsible for the overall management and Felicity Fridman, McDermott Will & Emery LLP trading of the firm’s investment strategies. Dr. Dinning is a member of the Janice Hall, Merrill Lynch executive committee of D. E. Shaw & Co., L. P. and D. E. Shaw & Co., L.L.C. She Lauren Malafronte, Barclays Capital serves as chief investment officer of D. E. Shaw Investment Management, L.L.C., Kristin Mott, DKR Capital the investment advisory entity responsible for the management of benchmark- relative investment strategies, and is also a member of that entity’s executive Anita Hill Sands, Intuition Financial Placement, LLC committee. Dr. Dinning also serves on the University of Washington Foundation Board and is a member of the Leadership Council of the Robin Hood Foundation, a charitable institution that targets poverty in New York City. CARL C. ICAHN Carl Icahn will receive the Effecting Change Award for his outstanding contributions toward improving education. Among many charitable interests, Mr. Icahn’s Foundation for a Greater Opportunity established the Carl C. Icahn Charter School in New York City in 2001. Mr. Icahn has also established scholarship programs at Choate, Princeton, Yeshiva University, and Rippowam Cisqua School. The Carl C. Icahn Science Center, designed by I.M. Pei, stands as another example of Mr. Icahn’s commitment to education. His alma mater, Princeton University, houses the Carl C. Icahn Laboratory at the Institute for Integrated Genomics. The Carl C. Icahn Foundation has established additional institutes at the Benjamin N. Cardozo School of Law and the Wurzweiler School of Social Work. Mr. Icahn’s many business interests include managing the Icahn hedge funds and serving as the principal stockholder and Chairman of the Board of American Railcar Industries (one of the largest fleets of railcars in the U.S.) and as the Chairman of the Board of American Property Investors and the Starfire Holding Corporation. 4 5 2006 Sponsors 2006 Sponsors CHAIRS FRIENDS OF 100 WOMEN D. E. Shaw & Co., L. P. 100 Women in Hedge Funds Trader/Portfolio Manager PAC Tudor Investment Corporation Alliance Bernstein BNP Paribas Equities & Derivatives VICE CHAIRS Cumberland Associates Goldman, Sachs & Co. Fidelity Prime Services Moore Capital Management, LLC FrontPoint Partners BENEFIT COMMITTEE Alice Hackett and Tom Tesauro Angelo, Gordon & Co. JPMorgan Balyasny Asset Management Kynikos Associates Bank of America Lehman Brothers Barclays Capital Merrill Lynch Bear, Stearns & Co., Inc. Morgan Stanley Bridgewater Associates, Inc. Och-Ziff Capital Citigroup Management Group Citigroup Alternative Investments Old Hill Partners Inc. Credit Suisse Optima Fund Management LLC DB Absolute Return Strategies Pine Grove Associates, Inc. Deutsche Bank PriceWaterhouseCoopers Ernst & Young LLP Ramius Capital Group LLC Eton Park Rothstein Kass FRM Americas LLC Karen Cook* Steinhardt Management Highbridge Capital Management, LLC Teach For America Hoplite Capital Management UBS Investment Bank Ivy Asset Management Corp. Willkie Farr & Gallagher LLP Icahn Management * Individual Ticket 6 7 Saluting Our Angels Our Charter Angels Thanks to the vision and generosity of these women, the expenses of running Jane Abitanta Heather James 100 Women in Hedge Funds do