Hathersage Strengthens Portfolio Management Team

New York, NY – April 16, 2007 – Hathersage Capital Management, a leading discretionary absolute return currency manager, today announced that it has hired Bill Strack as a Director of Portfolio Management.

Mr. Strack, 45, is responsible for accessing and evaluating qualitative and quantitative market information and supporting the portfolio management team in both trade idea and trade strategy development. In addition, he will coordinate the implementation of certain advanced technologies and technical based research as they apply to portfolio management. Bill is based in Los Angeles and reports directly to Bill Lipschutz, Head of Portfolio Management.

Mr. Strack brings more than twenty years experience in both trading financial markets and implementing financial technology to Hathersage. Mr. Strack and Mr. Lipschutz previously worked together on Salomon Brothers’ foreign exchange desk and later co-founded several start-up FX-only asset management companies from 1986 until 1995.

“It’s great to be working closely with Bill again and I look forward to his unique insight and support in managing our client portfolios,” said Bill Lipschutz, a 25-year foreign exchange market veteran. “Bill’s IT expertise is also invaluable as we continue to implement and integrate more advanced technologies into our investment process.”

Over the last ten years, Mr. Strack has built and led sales management teams at a number of corporations in the areas of IT infrastructure and web-based applications. Earlier in his career, he served in various operations management positions at Salomon Brothers Inc., including Foreign Exchange Operations Manager. He graduated from Columbia University with a Bachelor of Arts in Economics.

Hathersage Capital Management LLC is a discretionary absolute return currency manager that trades spot and forward currency contracts, and over-the-counter foreign currency option contracts in the interbank market. Hathersage has a 15-year track record and has produced an average annual return of 18.85% (net). Hathersage's portfolios are directed by industry veteran Bill Lipschutz. Bill has more than two and a half decades experience in trading substantial FX portfolios and is featured in The New Market Wizards: Conversations with America's Top Traders, by Jack D. Schwager, 1992. For more information, please visit www.hathersage.com.