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AIMA Canada Appoints General Manager

Date: Thursday, January 15, 2004

Jim McGovern, Chairman of the Canadian chapter of the Alternative Investment Management Association (AIMA Canada), is pleased to announcethe appointment of Lynda Briant as General Manager of AIMA Canada, effective immediately. Mr. McGovern said the appointment of Ms. Briant “reflects the very positive industry response to AIMA Canada and the rapid growth of the organization across the country.” Ms. Briant will work closely with AIMA Canada’s Executive Committee on a broad range of association management duties, including administration, web site management, marketing and member liaison. Ms. Briant brings to her new position a broad background of experience in the investment industry, having held senior positions with Dow Jones Indexes, Toronto Stock Exchange and State Street Global Advisors. AIMA Canada was formed in March 2003 to act as the voice of the alternative investment industry in Canada. AIMA is a not-for-profit trade association operating in 43 countries around the world. Its objectives are: to increase investor education, transparency and promote due diligence and related best practices; and to work closely with regulators and interested parties in order to promote and control the use of alternative investments. Additional information on AIMA Canada and its activities can be obtained by contacting Lynda Briant, General Manager, AIMA Canada at 416-453-0111 or briant@aima-canada.org.