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HedgeStreet Announces Advisory Board
San Mateo, Calif., April 26, 2004 - HedgeStreet Inc., a CFTC designated contract market and registered derivatives clearing organization, today announced its Board of Advisors.
- Philip McBride Johnson: Former CFTC Chairman, derivatives legal expert, and renowned author
- Gordon C. Holterman: Senior vice president, derivatives trading, Wells Fargo
- David DeRosa, Ph.D: President, DeRosa Research & Trading, and adjunct finance professor, Yale School of Management
- Ronald Howard, Sc.D: Professor, Department of Management Science and Engineering, Stanford University, and creator of the science of decision and risk analysis
- Kenton Yee, Ph.D: Assistant professor, Columbia University Graduate School of Business
Said John Nafeh, founder, chairman and CEO: "We are honored that these distinguished
professionals comprise HedgeStreet's advisory board. Their incomparable expertise and
objective guidance will serve us well, now and in the future, as we strive to deliver
on and enhance our charter of bringing risk management through online derivatives trading
to Main Street."
Philip McBride Johnson, a renowned author and derivatives legal expert,
has played many important roles in the derivatives industry since its beginnings
in the early 1960s. Credited for helping to develop the industry's federal legal
framework and the design of new products, Mr. Johnson served as chairman of the
Commodity Futures Trading Commission (CFTC) under President Reagan, and was twice
the director of the Futures Industry Association (FIA). A member of the New York
Stock Exchange Regulatory Advisory Committee since 1989, he has served as general
outside counsel to futures markets and self-regulatory organizations, and is widely
known for creating derivatives-oriented committees for the American Bar Association
and the International Bar Association. Mr. Johnson's publications include "Commodities
Regulation," the first modern legal treatise on the subject. He graduated with a LL.B.
degree from Yale Law School, where he was the managing editor of the Yale Law Journal.
Gordon C. Holterman is senior vice president of derivatives trading
for Wells Fargo. An arbitrage expert, Mr. Holterman previously founded SF
Sentry Relative Value Fund, an arbitrage-oriented hedge fund. Earlier, he
served as chief operating officer and portfolio manager of Farallon Fixed
Income Fund following tenures with Swiss Bank / O'Connor and the law firm
of Skadden, Arps. Mr. Holterman holds a Bachelor of Science degree in electrical
engineering and computer science from the Massachusetts Institute of Technology,
and a J.D. from Stanford University.
David DeRosa, Ph.D., president and founder of DeRosa Research & Trading,
and an adjunct finance professor at the Yale School of Management, has authored
several books, including "Managing Foreign Exchange Risk and Options on Foreign Exchange."
He is also a well-known columnist and commentator on international finance and politics.
Earlier in his career, Dr. DeRosa served as a director for the proprietary foreign exchange
trading group of Swiss Bank Corp. He holds a Bachelor of Arts degree in economics, and a
Ph.D. in finance and economics from the University of Chicago Graduate School of Business.
Ronald Howard, Sc.D., is a professor in the Department of Management Science
and Engineering at Stanford University. There, he oversees teaching and research in
the Decision Analysis Program and serves as director for the Decisions and Ethics Center.
While teaching at the Massachusetts Institute of Technology earlier in his career, Dr.
Howard was credited for defining the discipline of decision analysis. A consultant,
published author, award winner and active member of several academic societies, he holds
numerous academic degrees, including an Sc.D. in electrical engineering from the Massachusetts
Institute of Technology.
Kenton Yee, Ph.D., is an assistant professor at the Columbia University GraduateSchool of Business, where he teaches valuation and financial statements, and financial statement analysis and earnings quality. Dr. Yee also studies accounting-based valuation theory in rational expectation economies. Previously, he was a litigation associate fora major law firm, a consultant to a venture capital firm and a postdoctoral fellow in theoretical physics at Louisiana State University. Widely recognized for his work, Dr. Yee was named a Lang Faculty Research Fellow for 2002 and 2003, and was awarded the Barclays Global Investors Best Paper Prize for 2003. He holds a number of academic degrees, includinga J.D. in business, a Ph.D. in business and an M.A. in economics from Stanford University, and a Ph.D. in physics from the University of California at Los Angeles.
About HedgeStreet
HedgeStreet Inc. is a privately held company based in San Mateo, Calif.
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