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 126 people, Mr. Corso now oversees the investment of more than $43 billion in assets and directs the investment strategies of Cutwater's clients, including pension funds, global banks, corporations, Taft Hartley and insurance companies as well as over 900 municipalities across the United States. Mr. Corso also initiated and managed the expansion of the asset manager's international asset management business from a principal office in London, now a multi billion dollar platform.

Prior to joining the firm, Mr. Corso served as co-head of a fixed income division at Alliance Capital Management. In his twenty five-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. 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 22 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 Managing Director and Chief Operating Officer responsible for Liability Driven Investing, information technology, client services, and central risk analytics. 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 from Hunter College CUNY and a master's degree from Baruch College CUNY. He also holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute.

Mr. Morris is Managing Director and Chief Financial Officer of Cutwater Asset Management. In that capacity he is responsible for treasury and cash management activities, division-wide financial planning and analysis, and fixed income operations, accounting and compliance. Mr. Morris also oversees the division's legal and human resources functions. Mr. Morris joined in 1990 in a business development role to identify and start up new products. He analyzed a number of new business opportunities, helped develop and launch the company's asset liability business and managed three of its new products. Prior to joining the firm, Mr. Morris held corporate planning and marketing positions at a start-up reinsurance firm, where he helped establish underwriting and financial strategies as well as marketing plans. He also held financial planning and new product positions at Kraft General Foods Corp., where he was responsible for product pricing, new capital investment analysis and cost accounting. Mr. Morris graduated from the Wharton School of Business of the University of Pennsylvania with a bachelor's degree in economics and earned an MBA from the University of Chicago in finance and accounting.

Mr. Jordan is the managing director and head of sales and marketing for Cutwater Asset Management. Mr. Jordan joined the firm in 1991 to help develop more efficient investment programs for state and local governments to effectively manage their operating cash and bond proceeds. With over 20 years of financial services expertise Mr. Jordan is now responsible for marketing and selling more than $40 billion in short- and intermediate-term fixed income products which range from separately managed accounts to short-term investment pools, along with a variety of customized products for a wide array of clients nationwide. Prior to joining the firm, Mr. Jordan began his financial career working with a broad spectrum of Fortune 500 clients in New York and the Midwest as a securities specialist, a commercial paper department manager, and a corporate cash management marketing officer. He has a master's degree from Fordham University and earned degrees from Mercy College and the University of New Hampshire. Mr. Jordan is a Registered Investment Advisor and holds a Series 65 license through the Financial Industry Regulatory Authority (FINRA).

Mr. Cameron joined the firm in 1999 and is a Managing Director and senior portfolio manager with a focus on managing structured finance assets. His responsibilities include overseeing the CDO Management platform and managing alternative funds/portfolios. Prior to joining the firm, he was a quantitative analyst in Capital Markets Assurance Corp.'s Financial Engineering Group ("CapMAC") 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) in economics/econometrics from the University of Western Ontario, and a master's degree in economics/econometrics from the University of British Columbia. He holds a Series 7 license from the Financial Industry Regulatory Authority (FINRA).

Mr. Khanna joined the firm in 2003 and is a director and portfolio manager, responsible for the management of the Rivus Bond Fund, a registered closed-end management investment company (Morningstar rated four star fund), Cutwater's High Yield Fund and other discretionary total return accounts. 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 over 16 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. MacDonald joined the firm in 2007 and oversees portfolio management for Cutwater's Total Return suite of products. From 2004 to 2007, Mr. MacDonald was a vice president and portfolio manager at Hartford Investment Management Company (HIMCO) where he managed core, coreplus, intermediate core, and other broad-based fixed income styles. Prior to joining HIMCO, Mr. MacDonald held portfolio analyst and trading positions at Wellington Management Company and Fidelity Investments. Mr. MacDonald has a bachelor's degree from Trinity College in Connecticut and a master's degree from Boston 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. 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).

Dr. Oberholzer joined the firm in 2003 and is a managing director and the head of the London office where he is responsible for developing and managing the international fixed income businesses of Cutwater Asset Management. Previously, he spent six years at DrKW as Director of the Structured Credit Investment unit, where his principal responsibilities were establishing and managing structured investment vehicles. Prior to joining DrKW, Dr. Oberholzer worked in the Clifford Chance capital markets group, structuring various asset-backed products including ABCP programmes, CDOs and asset-backed debt programs. He is qualified in the UK as an FSA CF30 Investment Manager and lawyer. Dr. Oberholzer holds a B.Comm and LLB (cum laude) from the University of Johannesburg and PhD (Financial Law) from the University of Cambridge.

Mr. Armstrong joined the firm in 1993 and is a managing director and portfolio manager responsible for insurance products. He shares responsibility for the trading and management of asset-backed and mortgage-backed assets across all managed portfolios. With more than 15 years of experience in asset management, Mr. Armstrong previously managed market risk and was responsible for quantitative analysis, risk management and control functions. He has a bachelor's degree from the College of William and Mary and a master's degree from New York University. He holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute. 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. He is responsible for investment grade credit portfolio management and trading across all managed accounts with primary focus on insurance and liability driven investment portfolios. In addition, Mr. Fogarty runs the derivative books, utilizing the credit derivative and structured credit markets as both an overlay and risk management tool across various accounts. 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 and holds the designation of Chartered Financial Analyst (CFA) through the CFA Institute and is a member of the New York Society of Security Analysts. In addition, Mr. Fogarty holds Series 7 and 63 licenses from the Financial Industry Regulation Authority (FINRA).

Mr. Wilson joined the firm in 1999 and is a managing director responsible for the Liability Driven Investment business segment. His background includes structuring and managing complex asset/liability 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 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.