INVESTMENT TEAM

Bruno Usai has over 15 years of trading experience. Prior to joining Mako Investment Managers LLP Bruno was Head of London Derivatives at WestLB having joined the bank in December 1995 as Head of Southern Europe Fixed Income Derivatives. Between 2002 and 2004 he was Head of Euro Fixed Income and from 1998 until 2001, he was Head of European Options.

From 1993 until November 1995 he was at INDOSUEZ International Capital Markets, Paris as a senior trader of ITL and XEU swaps and options. Prior to that, between 1992 and 1993, Bruno worked at Natwest Capital Markets in London and between 1989 and 1992 at IMI SIGE Capital Markets ("SIGE") in Milan as senior trader of Italian bonds, swaps and options. Before joining SIGE he spent almost three years at the Foreign Exchange Department of Banco di Roma in Rome as an FX options trader. Mr. Usai holds a degree in Economics and Social Studies (DES) from the Bocconi University of Milan.

Ashley Ball has worked with the Mako Group for the past 9 years. During that time, he has traded an extensive range of products. From 1999 to 2003, he traded equity index derivatives, mainly on the DAX and FTSE indices. In 2004, Ashley assisted David Segel, Mako Group's CEO, on a variety of company-wide projects. In 2005 Ashley established a Relative Value Fixed Income trading desk in which he took an active trading role. During the last two years, Ashley worked with Mako Group's financial engineering and trading teams to develop trading tools and strategies that successfully identify opportunities in Fixed Income markets.

Prior to joining the Mako Group, Ashley worked in the Oil industry as an engineer. He holds a Masters degree in Mechanical Engineering & Management from the University of Birmingham.

Vincenzo Inguscio provides quantitative support to the Mako Investment Management team. Prior to joining the Mako Group, he worked for KPMG Advisory S.p.A (Milan) in the Financial Engineering area, developing evaluation tools for structured financial derivatives for interest rate models. He subsequently worked for IntesaSanpaolo S.p.A (Milan) in the Risk Management division, in particular developing V@R methodologies for Fixed Income and Forex markets for the bank's portfolio.

Vincenzo completed his degree in Business Administration from the Bocconi University Milan in 2004, and subsequently achieved his Masters degree in "Economics and Management of Financial Markets and Institutions" from the same University.