ELF's Credentials Include CFA CFP CPA JD MBA MPP - ELF Capital Managment Charlottesville, VA

Henry V. Kaelber, CFP®, CPA
Since 2003, Henry has been President and Chief Investment Officer responsible for managing all client accounts. From 1998 to 2003, Henry was CFO and a Director of the University of Virginia Investment Management Company - the entity responsible for managing the University of Virginia's endowment. At UVIMCO, Henry reviewed staff's external manager due diligence efforts. He also negotiated for them a $230 million notional total return swap, as a hedge, which was later presented as case study by Goldman Sachs' equity derivatives group. Prior to that, Henry was COO and Product Development Director for Kidder Peabody Asset Management's structured products group where he was responsible for the formation and maintenance of more than 24 alternative investment companies. He also oversaw a combined $6 billion out of the firm's $26 billion assets under management. After Kidder, Henry established an offshore investment and fund administration company to handle leveraged CDO funds left over from KPAM.

James M. Fink, CFA®, JD, MPP, MBA
Since 2003, Jim has provided portfolio strategy analysis. In addition, Jim works as a financial journalist and, prior to that, as an attorney and telecommunications industry legal analyst, where among other things he was a lobbyist to both Congress and the FCC. Working in the D.C. office of Squire, Sanders and Dempsey, he managed worldwide capital markets projects and advised investment bankers on issues of due diligence. Jim completed his undergraduate work at Yale University, received his JD from Columbia University Law School where he was a Stone Scholar, received an MBA in finance from the Darden Graduate School of Business and received an MPP from Harvard's Kennedy School of Government. While at Darden, he worked for the University's Investment Management Company where he performed asset allocation analysis and was involved in interviewing hedge fund, private equity, and "long only," managers.

John M. Yeager, CFA®, CFP®
Since 2003, John has provided portfolio strategy analysis. He brings broad international finance experience, including experience in economic development, privatization and acquisition transactions in lesser developed countries, private equity and other alternative investments. John spent two years with Citibank's international corporate banking group where he worked in New York and Gabon, Africa, and a year with Europa Capital Management in Sophia, Bulgaria. In Bulgaria, John led an acquisitions team investing in newly privatized companies. John completed his undergraduate work at the University of Wisconsin and earned an MBA in Finance at the Darden Graduate School of Business and later worked at the University of Virginia's Investment Management Company where he performed portfolio analysis for the private equity portfolio.