Elaine Hahn

Hahn Capital Management is a San Francisco-based firm founded by ELAINE
F. HAHN in 1988. She is President and Chief Investment Officer, and sole
owner of the company. Ms. Hahn has over 15 years’ experience in the
investment management business. She holds a Bachelor of Science in
Marketing from Oklahoma State University and an MBA in Corporate Finance
from Columbia University. Ms. Hahn produced a 10-year annualized return
to her investors of 19.6%, net of investment management fees. Returns
have been negative in only three out of 40 quarters.