| Page 51 | Table 3.2 Sampling of Hedge Fund Spin-Offs from Mutual Fund Firms and Investment Banks |  | Manager Name | Company Spun Off From | Company Formed | When |  | Mutual Funds |  | Adams, Patrick | Berger Funds | Choice Capital Mgt. | 2000 |  | Boyd, Chris* | Growth Investors Fund at America Century | Leawood Capital Mgt. | 1997 |  | Brennan, John | MFS Investment Mgt. | Sirius Capital Mgt. | 1999 |  | Ellison, David | Fidelity | Friedman Billings, Ramsey | 1996 |  | English, Mary | Fidelity | Third Millennium Ventures | 1997 |  | Feinberg, Jeff | Fidelity | JLF Investments |  N/A |  | Felipe, Chris | MFS Investment Mgt. | Sirius Capital Mgt. | 1999 |  | Felske, Derek* | Twentieth Century | Leawood Capital Mgt. | 1997 |  | Gordon, Michael | Fidelity | Vinik Asset Mgt. | 1996 |  | Grech, Matthew | Fidelity | Thomas Weisel | 2000 |  | Kaplan, Andrew | Fidelity | Pequot Capital | 2000 |  | Marcus, David | Franklin | Marcstone Capital Group | 2000 |  | O'Neill, Tom | FleetBoston | Navigator | 2000 |  | Posner, Brian | Warburg Pincus | Hygrove Partners | 2000 |  | Richardson, Kevin | Fidelity | Tudor Investment Corp. | 1997 |  | Sullivan, Erin | Fidelity | Spheric Capital | 2000 |  | Vinik, Jeffrey | Fidelity | Vinik Asset Mgt. | 1996 |  |   |   |   |   |  | Investment Banks |  | Albertson, Robert | Goldman Sachs | Pilot Financial | 1999 |  | Ashford-Russell, Brian | Henderson Investors | yet to be named | 2000 |  | Asness, Cliff | Goldman Sachs | AQR Capital Mgt. | 1998 |  | Ault, Milton | Prudential Securities | Ault, Glazer & Co. | 1998 |  | Bakovljev, Steven | INVESCO | Rialto Capital Mgt. | 1995 |  | Balboa, Michael | Salomon Brothers | VZB Partners | 1995 |  | Balfour, Alex | ING Barings | Furinkazan Fund | 1998 |  | Bernard, Peter | J. P. Morgan | IFM | 1994 |  | Boszhardt, Andrew | Goldman Sachs | Oscar Capital Mgt. | 1996 |  | Burke, Philippe | Morgan Stanley | Apache Capital Mgt. |  N/A |  | Chain, Paul | Lehman Brothers | Lone Wolf Asset Mgt. | 1997 |  | Cheng, Jack | J&W Seligman | yet to be named | 2000 |  | Cohen, Steven | Gruntal | SAC Capital Mgt. | 1992 |  | Coons, Richard | Morgan Stanley | Skanda Fund | 1998 |  | Cooperman, Leon | Goldman Sachs | Omega Advisors | 1992 |  | Cotton, Robert | Credit Suisse First Boston | Soss & Cotton | 1994 |  | Covo, Mario | Merrill Lynch | Columbus Advisors | 1995 |  | Czitron, Thomas | Royal Bank Investment Mgt. | Blackberry Capital Mgt. | 2000 |  | Daniel, Joe | Dresdner Bank | Critical Infrastructure Fund | 1998 |  | English, Chris | Merrill Lynch | IFM | 1994 |  | Flynn, Clare | Deutsche Asset Mgt. | yet to be named | 2000 |  | Fraker, Paul | Brown Brothers Harriman | yet to be named | 2000 |  | Frommer, Jeremy | Bankers Trust | Guard Hill Capital | 1995 |  | *No longer trading. |  | (Continued) | 
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