John J. Geewax, general partner of GTC, has responsibility for the day-to-day management of the Fund's portfolio.

Prior to establishing Geewax, Terker & Co. in 1982, Mr. Geewax served as a portfolio manager with Pennsylvania Asset Services, beginning in 1980.

He was also an instructor at the Wharton School of the University of Pennsylvania from 1980 to 1982.