The 20 Rising Stars of Hedge Funds 2008

1. CHRIS ADDY President and Chief Executive Officer Castle Hall Alternatives, Montreal Age: 38 Education: University of Durham, England (B.A. in Economics) Mentors: Ian Davidson, Retired Partner, PricewaterhouseCoopers Bermuda; Mario Therrien, President of Tactical Alternative Investments, Caisse de dépôt et placement du Québec Addy launched Castle Hall, a provider of operational due diligence, in 2007. As president and CEO, he oversees a team that assesses the quality of a hedge fund’s operational controls - including accounting, compliance, infrastructure and technology - on behalf of institutional investors, fund of funds and family offices with a combined allocation of more than $20 billion to hedge funds. Addy said it is his job to figure out what can go wrong, noting that this is important in a climate where some hedge funds fail because of weak controls. “Our clients know their business depends on good operational due diligence,” he added. For example, hedge funds are becoming more conscious of the control environment that surrounds the pricing process. Some issues in pricing are accuracy and independence when there is third-party outsourcing, which Castle Hall evaluates. “We speak with both the hedge fund manager and the service provider,”Addy said, adding that this includes determining who does the pricing. Addy began his career as an auditor with Deloitte & Touche in the United Kingdom before joining PricewaterhouseCoopers in Bermuda in 1994, where he became lead manager in the firm’s investment company audit group. MAY 2008 1. CHRIS ADDY In 1997, he moved to The Atlantic Philanthropies (Bermuda), a charitable foundation with more than $5 billion in assets under management. As group financial controller, he created an operational due diligence process for the foundation before joining the Bermuda office of Union Bancaire Privée Geneva, which manages hedge fund assets in excess of $45 billion, in 2001.There, he was a senior v.p. of UBP Asset Management (Bermuda), where he supervised a team of analysts responsible for operational due diligence of hedge funds. In 2004, Addy co-founded Amber Partners, the industry’s first provider of hedge fund operational certifications. He left in December 2005 and worked as an independent consultant through 2006. He said a challenge for him has been making the leap as an entrepreneur and described his career as progressive and a cumulative series of choices. “As the industry evolves, there will be increasing consciousness that running funds is not just a talent, it’s a business,” he added. Addy is a member of the Canadian Institute of Chartered Accountants and the Ordre des comptables agréés du 2. JENNIFER ANCKER Québec. He also is a chartered financial analyst charter holder and a member of the Montréal and Bermuda CFA societies. He regularly speaks on operational risk at conferences such as GAIM and said he feels privileged to be involved in the thinking behind hedge fund business and operational issues. 2. JENNIFER ANCKER Executive Director Graham Capital Management, Rowayton, Conn. Age: 34 Education: Colby College (B.A. in Economics) Mentor: Craig Steinberg, President and Director of Research, Atalanta/Sosnoff Capital Ancker joined Graham Capital, which has $5.4 billion in assets under management, as an executive HEDGE FUND RISING STARS 19

Table of Contents Feed for the Digital Edition of The 20 Rising Stars of Hedge Funds 2008

The 20 Rising Stars of Hedge Funds 2008 Contents Looking Great for 2008 A Matter of Supply and Demand Return Performance Highlights Challenging Period 20 Rising Stars of Hedge Funds Mentors' Page

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.