David Nolan

Mr. Nolan is the General Partner's Co-President and Chief Risk Officer. Mr. Nolan is responsible for Millennium's risk management function which monitors Millennium's overall portfolio and risk exposure. He is also closely involved with the mentoring and development of the Portfolio Managers. Mr. Nolan started his career at Merrill Lynch in 1971 and rose to Vice President, Head of Institutional Convertible Securities. In 1981, he joined Spear Leeds & Kellogg in their newly formed Upstairs Trading Department. In 1984, he was admitted as a Partner and joined their Executive Committee, a position he held until 1990. In 1992, Mr. Nolan started a hedge fund, Davos Partners, which he ran until joining the General Partner. Mr. Nolan graduated from Johns Hopkins University with a BA in Humanities, and attended New York University Graduate School of Business Administration. Mr. Nolan is a member of the Investment Risk Committee of the General Partner.