Melissa Jane Buchan

M. Jane Buchan (age 44) has been a director of the Company since October 2005. Her term expires in 2009. Principal Occupation: Chief Executive Officer and Managing Director of Pacific Alternative Asset Management Company, LLC, Irvine, California, an institutional fund of funds for pension plans of corporations, state governments and foreign retirement trusts, since March 2000. Along with three co-founders, Ms. Buchan started the firm in 2000 and has grown it to $9 billion in assets under management, over $6 billion in assets under advisement and more than 130 employees globally. In addition to her responsibilities for overall business strategy and firm direction, Ms. Buchan remains actively involved in PAAMCO’s investment process as a member of the firm’s Investment Oversight Committee. Ms. Buchan began her career at J.P. Morgan Investment Management in the Capital Markets Group. She has also been an Assistant Professor of Finance at the Amos Tuck School of Business at Dartmouth. Ms. Buchan holds both a PhD and a MA in Business Economics (Finance) from Harvard University. She earned a BA in Economics from Yale University. Ms. Buchan serves on the Board of Directors for many well-respected organizations. She currently serves as Director as well as Chair of the Board for the Chartered Alternative Investment Analyst Association (CAIA). She serves as a Director and Chair of Governance and Nominating for the Torchmark Corporation (TMK). In addition, Ms. Buchan is a Trustee for Reed College in Portland, Oregon as well as the University of California, Irvine Foundation and is a member of the Investment Committees for both organizations. She is also a member of the Advisory Board for the Master of Financial Engineering Program at the University of California, Los Angeles Anderson School of Management. Additionally, Ms. Buchan serves as an Associate Editor for the Journal of Alternative Investments. Ms. Buchan is also a 100WHF Charter Angel, one of the seasoned practitioners whose vision and generosity funded the initial organization and operating expenses of 100 Women in Hedge Funds, thereby enabling the legal formation of the 100 Women in Hedge Funds Association and Foundation.