GRACIE ASSET MANAGEMENT LEADERSHIP TEAM

Mr. Palmisciano serves as Chairman and Chief Investment Officer of Gracie Asset Management and chairs its Management Committee. Prior to joining Gracie Asset Management in 2005, Mr. Palmisciano was a Managing Director and Co-Head of CLCM, a proprietary, multi-strategy credit fund within Calyon. Prior to joining Calyon/CLCM in 2003, Mr. Palmisciano was Director of Credit Derivatives Strategy at Deutsche Bank in New York, where he was a top-ranked credit derivative strategist and sell-side research analyst covering REITs and real estate. Mr. Palmisciano was also responsible for fundamental research for Deutsche Bank’s proprietary credit trading operation and managed a joint venture between the credit derivative and commercial mortgage backed securities groups. Prior to joining Deutsche Bank in 1999, Mr. Palmisciano spent nine years as an Analyst covering the financial sector at Moody’s Investors Service, the Federal Reserve Bank of NY and the FDIC. Mr. Palmisciano serves as Chairman of The Picture House Regional Film Center and as a board member of County Harvest, Inc., a non-profit hunger relief organization. Mr. Palmisciano holds an M.B.A. with honors from Fordham University and a B.S. in Finance from the State University of New York at Buffalo.
JAMES PALMISCIANO
Chairman and Chief Investment Officer
T) 1 212 527 8227
e-mail: palmisciano@graciecap.com
Mr. Robertson serves as Portfolio Manager and member of Gracie Asset Management’s Management Committee. Prior to joining Gracie Asset Management in 2005, Mr. Robertson was a Managing Director at Calyon/CLCM. Prior to joining Calyon/CLCM in 2003, Mr. Robertson was a sell-side and desk research analyst at UBS. Prior to joining UBS in 2000, Mr. Robertson was an industrials analyst at Paine Webber from 1997 to 2000 and at Deutsche Bank from 1995 to 1997. Prior to Deutsche Bank, Mr. Robertson worked as an analyst at Kidder Peabody and at Standard & Poors. Mr. Robertson holds an M.B.A. from Columbia University and a B.A. in Finance from the University of Texas. Mr. Robertson is a CFA charterholder.
MICHAEL ROBERTSON
Portfolio Manager
T) 1 212 527 8230
e-mail: robertson@graciecap.com
Mr. Koundourakis serves as Head of Credit Trading and member of Gracie Asset Management’s Management Committee. Prior to joining Gracie Asset Management in 2005, Mr. Koundourakis was a Managing Director, Founding Member and Execution Trader at Calyon/CLCM. Prior to joining Calyon/CLCM in 2002, Mr. Koundourakis was Vice President of integrated credit sales at Merrill Lynch. Prior to joining Merrill Lynch in 2001, Mr. Koundourakis was a senior broker and Global Head of the Credit Derivative Business at Cantor Fitzgerald from 1995 to 2001. Mr. Koundourakis holds a B.A. in Political Science from Western Maryland College.
ALEX KOUNDOURAKIS
Head of Credit Trading
T) 1 212 527 8234
e-mail: koundourakis@graciecap.com
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