Michael Rulle

Mr. Michael Steven Rulle Jr. is the President at Graham Capital Management, L.P. Prior to joining Graham in February 2002, he served as the President at Hamilton Partners Limited. From 1994 to 1999, Mr. Rulle was the Chairman and Chief Executive Officer at CIBC World Markets Corp. He served as a member of its Management Committee, Executive Board, and Credit Committee and was Co-Chair of its Risk Committee. Mr. Rulle’s business responsibilities included global financial products, asset management, structured credit, and loan portfolio management. Prior to joining CIBC World Markets Corp., he was a Managing Director at Lehman Brothers and a member of its Executive Committee and held positions of increasing responsibility since 1979. At Lehman, Mr. Rulle founded and headed the firm’s derivative division. He received his M.B.A. from Columbia University in 1979, where he graduated first in his class. Mr. Rulle received his Bachelor’s Degree from Hobart College in 1972 with a concentration in Political Science.