Frank J. Franiak, Principal

Mr. Franiak has held high-level executive positions within the futures brokerage, managed futures, and alternative investment management industries for the past 25 years. His background includes experience in sales, sales management, marketing, operational management, risk management, trading system development, and asset allocation.

From 1995 through 1999, Mr. Franiak was president of Monroe Capital, Inc., a consulting firm that specialized in alternative investment strategies. Monroe Capital provided consulting services in the areas of asset allocation, fund administration, risk management, manager analysis, sales and marketing to investors, asset allocators, hedge funds, CPOs, and CTAs. From 1993 through 1995, Mr. Franiak was president and chief investment officer of Glenwood Futures Management, an investment firm that offered multi-advisor-managed futures products to institutional and high net worth individual investors. He managed a major account for the Virginia Retirement System, a public pension plan that had made a major commitment to managed futures, and was responsible for asset allocation, operational management, and sales and marketing. Prior to the formation of Glenwood Futures Management, Mr. Franiak served in a similar capacity as a vice president of Glenwood Investment Corp.

From 1974 through 1991, Mr. Franiak served in high-level executive positions within the futures brokerage industry. He served as vice president of Saul Stone and Company, executive vice president and CEO of Anspacher & Associates, and president of Archer Commodities, a firm he helped found. In these positions, he managed futures brokerage operations that cleared trades for retail clients, foreign and domestic institutions, Commodity Trading Advisors, and local floor traders.