Hillstone Capital Management, LLC - Enhancing Returns for Passibe Investors

Ken is the principal owner and manager of HillStone Capital Management and is primarily responsible for implementing HillStone's investment strategy. He has an undergraduate degree in Business Administration from Muhlenberg College in Allentown, Pennsylvania. Ken started his Wall Street career in 1988 as an analyst on WG Trading Company's Risk Arbitrage desk. In 1991, Ken joined WG Trading's Index Arb/Program trading desk. He became head of that department in 1997 where his focus was on using index arbitrage to generate enhanced index returns. Ken managed the trading operations of the enhanced index funds for the next 12 years where assets under management grew to over 3 billion dollars. Ken's responsibilities with respect to HillStone include managing the operations and investment program of the company and overseeing trading.

To contact Ken: knodes@hillstonecapitalmgmt.com

Beth is a partner at Hillstone Capital Management. She has an undergraduate degree in Organizational Management from Nyack College in Nyack, NY. She joined WG Trading Co. in 1998 as a trader for the Index Arbitrage/Program Trading desk. In 2002 she took on the additional role of portfolio manager. Beth also ran the trading operation in the head traders' absence. From 1986-1998 she worked for Nikko Securities Int'l Co. as a trader/portfolio manager & compliance liaison. Beth's responsibilities with respect to HillStone include the overall management of the portfolio, trading and trade desk management.

To contact Beth: bkashuba@hillstonecapitalmgmt.com

Matt is a partner at Hillstone Capital Management and is responsible for business development. Matt attended Muhlenberg College in Allentown, Pennsylvania where he received a degree in Business Administration. Matt began his career on Wall Street at Shearson Lehman Hutton in the capital markets group where he worked on the asset-backed trading desk. Matt later held the positions of Vice President in the Capital Markets group at Nationsbank working in their primary dealership, and was a Director at CIBC Oppenheimer working in the corporate bond sales and trading group. In 1998 Matt founded Riteon Partners which develops and operates a portfolio of restaurants and lounges. Matt's responsibilities at Hillstone include investor relations and implementation and management of strategic partnerships.

To contact Matt: mwagman@hillstonecapitalmgmt.com

Linda is the head of all middle and back office operations at HillStone Capital Management. Linda graduated from Syracuse University’s SI Newhouse School of Communications with degrees in Journalism and English. She has spent 15 years as a traders’ assistant and managing the middle and back office operations at the investment manager, WG Trading Co. Linda’s responsibilities with respect to HillStone include the oversight of all middle and back office operations as well as general office management.

To contact Linda: lmorris@hillstonecapitalmgmt.com

Jose is responsible for the execution of Hillstone's futures and options traded at the Chicago Mercantile Exchange. He started his career in the pits of the Chicago exchange in 1988 and has been responsible for managing institutional business since that time. He started working for Paine Webber Inc. in the fixed income area for three years before moving to the Equity complex. As Vice President of equity institutional sales at Nikko Securities he developed a strong relationship with Ken Nodes and his trading staff. In 2000 he joined Ken's team and created a very unique niche giving WG Trading access to spread markets like no others. Jose gives Hillstone Capital that same access with the ability to translate open out-cry and electronic trading simultaneously in various equity index and options futures markets. Jose has been a member of the CMEGroup since 1986.

To contact Jose: jrodriguez@hillstonecapitalmgmt.com