Mark D. Coe founded Coe Capital in 1999. Prior to founding Coe Capital, Mr. Coe spent five years as a Senior Vice President and Senior Portfolio Manager at Kent Associates/PaineWebber. In this role, Mr. Coe provided investment advisory and research services to both high net worth individuals and institutional clients. Prior to joining Kent Associates, Mr. Coe worked for seven years as a Research Analyst and Portfolio Manager at Gofen and Glossberg, Inc. Mr. Coe received a Masters in Business Administration in Finance and Economics from the J.L. Kellogg Graduate School of Management at Northwestern University and a Bachelors of Science in Accountancy from the University of Illinois. Mr. Coe holds Chartered Financial Analyst and Chartered Investment Counselor designations.

Alex Volz. Mr. Volz has been a Portfolio Manager of the firm SSI Investment Management, Inc. since 2006. Prior to joining SSI, Mr. Volz was a Junior Partner at Southern Trading Partners, in Atlanta, Georgia. He received a BA from Vanderbilt University in 1996.

Mr. Wolf formed Preservation Trust Advisors, LLC in 2010. Mr. Wolf serves as the Chief Executive Officer to Preservation Trust Advisors, LLC. Mr. Wolf serves as the Managing Member, Co-Chief Investment Officer of Cogo Wolf Asset Management, LLC ("Cogo Wolf"), a position held since September 2005. Mr. Wolf has 27 years of financial and investment experience, including nine years of management experience with fund of funds and hedge fund strategies. Previously, Mr. Wolf was Chief Executive Officer and Chief Investment Officer of KingsGate Capital Management, LLC ("KingsGate"), a long/short equity hedge fund, from 2001 to 2005. Prior to founding KingsGate, he was President, Chief Executive Officer and Director of Protogene, Inc. from 1999 to 2001. Mr. Wolf was Executive Vice President and Chief Financial Officer of Hyseq, Inc. from 1996 to 1999. From 1991 to 1996, he was Managing Partner of Georgica Group; from 1988 to 1991, he was a Partner in Mergers & Acquisitions at Oppenheimer & Co., Inc.; and from 1983 to 1988, he was a Vice President in Investment Banking with Kidder, Peabody & Co., Inc. Mr. Wolf received his MBA from Yale University and received his B.A. degree summa cum laude from Ohio Wesleyan University.

Mr. Stokes joined Zebra Capital in February, 2011. He is responsible for overseeing the various portfolios managed by Zebra Capital, ongoing research efforts, and product management. Before joining Zebra Capital, Eric was a Principal and Chief Investment Officer at Reed-Stokes Capital Partners, a long/short equity hedge fund. Prior to that, he managed a discretionary fund as portfolio manager for Graham Capital Management. In the area of equity research, Eric served as President of ValuEngine, Inc., a research firm founded by Dr. Zhiwu Chen, co founder of Zebra Capital and a Yale professor. Prior to these roles, he was President of DTN Financial Services, a provider of market data and analysis. Eric is the author of Market Neutral Investing (2004). He received an M.B.A. from Columbia University and received his B.A, cum laude, from Michigan State University. He holds his Series 65 license.

Dagney M. Hollander is a portfolio manager for SSI Investment Management, Inc. since 2012. Ms. Hollander has been a Senior Research Analyst since 2007, and was a Research Analyst from 2006 to 2007 for SSI. From 2002 to 2006, Ms. Hollander worked on the Convertible Trading Desk for the SSI. Ms. Hollander graduated with a BS in Finance, summa cum laude, from California State University, Northridge in 2001.

Murray is Chairman of the Board of Horizon Kinetics and was a co-founder of the Firm. He has over thirty years of investing experience and is responsible for overseeing the Horizon Kinetics Research Team. Murray also serves as Chairman of the Firm’s Investment Committee, which is responsible for all portfolio management decisions. Previously, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. As a senior fund manager, he was responsible for investing the Utility Mutual Fund, along with three of the bank’s Common Trust Funds: The Special Opportunity Fund, The Utility Fund, and The Tangible Assets Fund. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank. By 1994, Murray managed approximately $600 million in trust and fund assets and was deeply involved in new product development. Murray received a BA and MA from Brooklyn College and an MBA from Pace University.

Mr. Douglas has been a Principal and the Chief Investment Officer of the SSI Investment Management, Inc since 1994 and oversees the SSI Investment Management, Inc's qualitative and quantitative research processes. Mr. Douglas has 37 years of experience in quantitative equity research and portfolio management. Prior to joining the SSI Investment Management, Inc, Mr. Douglas was Director of Quantitative Equity Investments and Portfolio Manager for CS First Boston Asset Management from 1992 to 1994. From 1990 to 1992, Mr. Douglas was Chief Investment Officer for Structured Asset Management, and from 1990 to 1990, Mr. Douglas was Senior Vice President and Director of Research for Drexel Burnham Lambert. Mr. Douglas received a M.B.A., Finance in 1978, a M.S, Statistics in 1977 and a B.S., Mathematics in 1976 from the University of Wisconsin-Madison.

Peter is a Senior Member of Horizon Kinetics’ Research Team. He is a member of the Investment Committee and the Board and manages customized portfolios for a number of Horizon Kinetics’ private clients. Peter is also the President of the Kinetics Mutual Funds, Inc., a series of U.S. mutual funds managed by Kinetics Asset Management LLC, a subsidiary of Horizon Kinetics. Previously, Peter was with Bankers Trust Company as a Senior Investment Officer, where he also served on the Finance, Utility and REIT Research sub-group teams. Peter received a BS from St. John’s University and an MBA from Fordham University

Steven is the Portfolio Manager of Horizon’s Core Value strategy and was a co-founder of the Firm. Steven serves on the Investment Committee, the Board and is a senior member of Horizon Kinetics’ Research Team, with oversight responsibilities for all research reports produced by the Firm. Previously, he was a senior investment officer in the Private Bank at Bankers Trust Company (1985-1994), where he was a member of the Institutional/Individual Group responsible for the bank’s larger individual relationships and for setting equity investment guidelines for the Private Bank. Steven also served as a member of the Special Situations Equity Strategy Group, and in a variety of new product development projects. By 1994 Steven managed approximately $600 million in private client assets. He received a BA from Hunter College.

Roger Ibbotson is Chairman & Chief Investment Officer of Zebra Capital. He is a member of the Zebra Capital portfolio management team having served in this role since the firm was founded in 2001. He is also a Professor at Yale School of Management. Professor Ibbotson is Founder, Advisor and former Chairman of Ibbotson Associates, now a Morningstar Company with $60 billion under advisement. He has written numerous books and articles including Stocks, Bonds, Bills, and Inflation with Rex Sinquefield (updated annually) which serves as a standard reference for information on capital market returns. Professor Ibbotson conducts research on a broad range of financial topics, including investment returns, mutual funds, international markets, portfolio management, and valuation. He has recently published The Equity Risk Premium with William Goetzmann and Lifetime Financial Advice with Milevsky, Chen, and Zhu. He has also co-authored two books with Gary Brinson, Global Investing and Investment Markets. In addition, he has co-authored a textbook with Jack Clark Francis, Investments: A Global Approach. He is a regular contributor and editorial board member to both trade and academic journals. He is the recipient of many awards including the Graham and Dodd Scrolls in 1979, 1982, 1984, 2001, 2004, and 2007. Professor Ibbotson serves on numerous boards including Dimensional Fund Advisors’ funds. He frequently speaks at universities, conferences, and other forums. He received his Bachelor’s degree in mathematics from Purdue University, his M.B.A. from Indiana University, and his Ph.D. from the University of Chicago where he taught for more than ten years and served as Executive Director of the Center for Research in Security Prices.