Mr. Corso joined the firm in 1994, establishing the company's asset management platform and building it into one of the largest fixed income managers in the world. With a staff of 108 people, Mr. Corso now oversees the investment of over $29 billion in assets as of March 31, 2013 and directs the investment strategies of Cutwater's clients, including pension funds, global banks, corporations, Taft Hartley and insurance companies as well as hundreds of municipalities across the United States.

Prior to joining the firm, Mr. Corso served as co-head of a fixed income division at Alliance Capital Management. In his twenty seven-year career, he has held positions as a credit analyst, restructuring specialist, trader and portfolio manager. He has managed a wide range of fixed income products, including corporate, asset-backed, government, mortgage, municipal, credit default swap and derivative securities. He has developed several unique conduit businesses including East-Fleet, a London based vehicle serving several global banks. He was also an early pioneer in the credit derivatives market, developing several investment programs starting in 2000, and expanding this area to create the MINTS funds, one of the most successful CDS funds ever created with over $1.6 billion in notional value under management.

Mr. Corso began his career in banking positions as an analyst, lender and trader, and has led several notable and large debt restructurings. His analytical skills combine mathematics, game theory, economics, psychology and investment theory.

Mr. Corso graduated from Yale University with a degree in economics and earned an MBA from Columbia University. He has lectured on topics from leadership to finance at many academic institutions, including Columbia University and New York University, where he taught a course on financial derivatives.

He currently holds Series 7, 24, and 63 licenses from the Financial Industry Regulatory Authority (FINRA) and is a member of the Fixed Income Analysts Society, Global Association of Risk Professionals (GARP) and the Investment Management Executive Council. Mr. Corso also serves on the Board of Directors of the MBIA Foundation, a not-for-profit charity.

Mr. Corso is also a member of the Eisenhower Fellowships Board of Trustees as well as a member of the Eisenhower Fellowship Investment Committee. The Eisenhower Fellowships engages emerging leaders from around the world to enhance their professional capabilities, broaden their contacts, deepen their perspectives, and unite them in a diverse, global community - a network where dialogue, understanding, and collaboration lead to a more prosperous, just, and peaceful world.

Mr. Corso is also President & CEO of the MZF Fund as well as interested Trustee. Managed Duration Investment Grade Municipal Fund (MZF) is a diversified closed-end management investment company. The municipal bonds in which the MZF Fund invests are traded primarily in the over-the-counter markets.

Mr. Berrigan joined the firm in 1994 and is a managing director and portfolio manager. He oversees all aspects of portfolio management and trading globally, and has specific analytical responsibility for the management of structured investments across all managed portfolios. Mr. Berrigan has more than 27 years of experience in securities trading and portfolio management.

Prior to joining the firm, Mr. Berrigan worked at First Boston Corp. developing and implementing investment strategies for the firm's public finance clients. He subsequently worked at the Federal National Mortgage Association as a member of the Portfolio Management and Treasury Groups where he developed and applied expertise in asset-backed and mortgage-backed securities and in portfolio hedging. He has a bachelor's degree from Bucknell University and a master's degree from Columbia University. He holds Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA).

Mr. Moros joined the firm in 1996. He is responsible for the overall business management of Cutwater's Public Sector Group which is focused on meeting the short-duration fixed-income investment needs of local government clients. Mr. Moros is a member of the Cutwater's Capital Allocation Committee and Asset Valuation Committees. In his prior role, Mr. Moros was responsible for the debt issuance and risk management of a $30 billion on-balance sheet Asset/Liability management business. Prior to joining the firm, Mr. Moros spent 10 years at Metropolitan Life in positions of increasing responsibility focused on asset/liability management, investment strategy development and relationship marketing for MetLife's general account investment portfolio and separate account guaranteed investment contract (GIC) business. Mr. Moros has a bachelor's degree (BA) from Hunter College CUNY and a master's degree (MBA) from Baruch College CUNY. He also holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute.

Mr. Sevely joined Cutwater Asset Management's parent company in 1999 and became Managing Director and Chief Financial Officer of Cutwater in 2010. He is responsible for Treasury, Accounting, Financial Control, Financial Planning and Analysis, Risk and Quantitative Strategies and Legal. Mr. Sevely is a member of Cutwater's Capital Allocation Committee and Asset Valuation Committee. In his prior roles, he was Head of Market Risk Management and Corporate Treasurer. He has over 27 years of experience in both financial management and new business initiatives and has an extensive background in capital markets, derivatives, liquidity management and market risk. Earlier in his career, Mr. Sevely held positions of increasing responsibility at major Wall Street firms. He served as Controller of Merrill Lynch's Global Sales and Trading Division and he also led teams responsible for derivative and structured finance product development and client marketing at Bankers Trust. Mr. Sevely has a bachelor's degree in mathematics from the Massachusetts Institute of Technology and an MBA in Finance from the University of Chicago.

Mr. Keating joined Cutwater Asset Management as Managing Director and Head of Global Sales & Distribution in 2011. Mr. Keating has 26 years of experience working in the financial services sector. Prior to his position at Cutwater, he served as Head of Institutional Sales, Client Services, and Consultant Relations at RiverSource Investments, LLC. His responsibilities there included growing the firm's institutional separate account and alternative investments businesses. From 2002 to 2005, Mr. Keating was Executive Vice President of Sales, Client Services, and Consultant Relations at Fidelity Management Trust Company, and Managing Director of Sales and Consultant Relations at Deutsche Asset Management from 2000 to 2002. Mr. Keating holds a Bachelors of Science in Business Administration from the University of Maine and a Juris Doctor from Suffolk University Law School.

Mr. Jackson joined the firm in 2013 as Managing Director and Head of the Bank Loan Group. His focus is on building a product suite that includes CLO management and other forms of bank loan investment portfolios, levering Cutwater's established expertise in CDO management, structured finance and high yield debt investment. He has 22 years of experience in leveraged finance, of which the past 12 years have been as a bank loan portfolio manager, most recently as Deputy Chief Investment Officer and CLO portfolio manager at CIFC Corp. Prior to joining CIFC in 2005, Mr. Jackson served as a portfolio manager at J.H. Whitney & Company. He also spent the first portion of his career originating and structuring non-investment grade corporate loans at financial institutions including ING and National Westminster Bank. Mr. Jackson received his formal credit training at Comerica Bank and holds a B.A. in European History from Vanderbilt University, an M.I.A. from Columbia University, and an M.B.A. from the University of Texas at Austin.

senior client relations & investment team

Mr. Cameron joined the firm in 1999 and is a managing director and senior portfolio manager at Cutwater Asset Management. His responsibilities include overseeing the CDO management platform, managing credit opportunity strategies/structured funds, and CLO trading. Prior to joining the firm, he was a quantitative analyst in Capital Markets Assurance Corp.'s ("CapMAC's") Financial Engineering Group and its successor the Alternative Structured Finance Investments Group of MBIA Insurance Corp., where he was involved in all aspects of structuring and investing in CDOs, and developing quantitative tools and analytics for use in underwriting financial guarantees on esoteric asset classes. Prior to joining CapMAC, Mr. Cameron's career focused on developing quantitative financial risk management and strategic planning tools while working as an Assistant Vice President in the Strategic Business Planning & Analysis team at Citibank's World Wide Securities Services division, and as a Financial Risk Technologist at General Electric's Corporate Research & Development Center. Mr. Cameron has a bachelor's degree (honors) from the University of Western Ontario, and a master's degree from the University of British Columbia. He holds his Series 7 & 63 licenses from the Financial Industry Regulatory Authority (FINRA).

Mr. Khanna joined the firm in 2003 and is a managing director and portfolio manager, responsible for the management of the Cutwater Core Plus Strategy, Cutwater Select Income Fund (a registered closed-end management investment company), Cutwater's High Yield Fund, Cutwater's Global Strategic Income Strategy and other discretionary total return accounts. He is a member of the firm's Investment Strategy Committee and the firm's Credit Committee. He also specializes in analyzing the automotive, diversified industrials, aerospace and defense and transportation sectors. Prior to joining the firm, Mr. Khanna was a high-yield analyst with Times Square Capital Management, where he focused on credit management for collateralized bond obligations (CBO's) as well as high-yield total return accounts. He has 20 years of combined experience in the high-yield market and in other relevant industries. Mr. Khanna is a member of the CFA Institute and the New York Society of Security Analysts. He has a bachelor's of science degree with honors from the Rochester Institute of Technology and a master's degree with distinction from Cornell University. He holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute and is a Certified Public Accountant (CPA).

Mr. McCollum joined the firm in 2004 and is a managing director responsible for marketing all of the firm's structured product offerings. Prior to taking on this position, he was responsible for managing all sponsored conduits. Before joining the firm, Mr. McCollum was a Managing Director and Co-Head of the North American Conduit and Credit Products Group at Deutsche Bank Securities where he was responsible for overseeing all on and off balance sheet financing activities related to the bank's US securitization business. He has over 20 years experience in the ABS market in various functions including providing credit enhancement and liquidity support to a broad spectrum of asset-backed structures as well as establishing and managing a number of ABCP programs involving a range of activities including client financing, securities arbitrage and derivative execution. Mr. McCollum has a bachelor's degree with honors from the University of Aston in Birmingham and holds Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA).

Mr. Armstrong joined the firm in 1992 and is a managing director and portfolio manager with a primary focus on insurance products. He is also responsible for the trading and management of asset-backed and mortgage-backed assets across all managed portfolios. Mr. Armstrong has held positions in Market Risk where he was responsible for quantitative analysis, risk management and control functions and in the Liability Driven Investment business segment where he worked in the risk analytics and treasury functions. He holds a bachelor's degree in Finance from the College of William and Mary and a master's degree in Finance from the Stern School of Business at New York University. He holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute and is a member of the New York Society of Security Analysts. He also holds Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA).

Mr. Fogarty joined the firm in 1996 and is a managing director and portfolio manager for Cutwater Asset Management where he is responsible for investment grade credit portfolio management and trading across all managed accounts with a primary focus on liability driven investing products, including the firm's long duration strategies. In addition, he runs the credit default swap portfolios, which are used as both an overlay and risk management tool for Cutwater's core businesses. Prior to joining the firm, Mr. Fogarty was a senior accountant with Price Waterhouse, LLP, where he worked in the financial services sector. He focused on the investment company industry, including mutual funds registered under the 1940 Investment Company Act as well as offshore limited partnerships. He has a bachelor's degree in accounting from Fordham University. Mr. Fogarty earned the designation of Chartered Financial Analyst (CFA) through the CFA Institute and is a Financial Risk Manager (FRM) - Certified by the Global Association of Risk Professionals (GARP). He also holds the Series 7 and 63 licenses from the Financial Industry Regulatory Authority (FINRA).

Mr. Wilson joined Cutwater Asset Management in 1999 and is a managing director responsible for the Customized Strategies Group, which focuses on developing solutions for defined benefit pension plans, insurance companies, workers compensation pools and other institutions. His background includes structuring and managing complex liability-driven investing programs, utilizing multiple strategies in different currencies. During his career, he has developed innovative solutions for clients seeking to optimize their business profile, generate value, de-risk or manage liquidity. He possesses strong capabilities in treasury management, structuring and capital modeling, risk management and hedging. Mr. Wilson has a bachelor's degree in economics from the University of Albany and a master's degree of business administration in finance from Fordham University. He holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute and is a member of the New York Society of Security Analysts.

Mr. Claiborne joined the firm in 2000 and is Head of Credit Research for Cutwater Asset Management and a member of the firm's Investment Strategy Committee. Prior to joining Cutwater, Mr. Claiborne managed various high-yield portfolios for Orion Capital Corp., a specialty property and casualty insurance company, and Northstar Investment Management Corp., where he managed $2 billion in high-yield mutual funds and $900 million in high-yield CBOs. He has over 20 years of experience in the fixed income markets and 10 years of experience in corporate banking. Mr. Claiborne is also a member of the Association for Investment Management and Research (AIMR) and the New York Society of Security Analysts. He has a bachelor's degree with honors from the University of Virginia and a master's degree with honors from Thunderbird, The American Graduate School of International Management. He holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute.