William A. Douglass, III, Founding Managing Director of K2 Advisors, has been in the investment business since graduating from Vanderbilt University in 1984. He then joined Donaldson, Lufkin and Jenrette Securities where he worked as an institutional and retail salesman. In 1991, Mr. Douglass joined Tiedemann International Research, Ltd. ("TIR") (Tokyo) as Director of Sales. He returned to the U.S. in 1992 to become Director of Sales for TIR's North American operation, where he co-managed the firm's U.S. business until April 1994. In July 1994, Mr. Douglass founded K2 Advisors. He also worked at Caspian Securities from June 1995 until July 1997 when he devoted his full attention to K2. Mr. Douglass serves on the Board of Advisors of the Jazz Foundation of America, Outward Bound USA, City Squash, Inc. and as a Special Advisor to the Codman Academy, a charter school in Dorchester, MA.