Mr. Sykes founded GS Gamma in 2004. Prior to that, he co-founded Links Securities Inc. (now Guggenheim Securities), a broker-dealer focused on MBS, and managed its MBS trading desk. He began his career in the Taxable Fixed Income division of Donaldson, Lufkin & Jenrette, where he was a Vice President in the Mortgage Research Department, which attained #1 status in Institutional Investor and was later a Vice President of Mortgage Derivatives Trading. He holds degrees in Applied Mathematics and Economics from Johns Hopkins University.

Mr. Fiacco is a Portfolio Manager at GS Gamma. Prior to joining the Firm in 2007, he was the co-head of the Agency MBS desk at Nomura Securities where he managed a balance sheet of $17 billion of agency MBS products. Before that, he traded, structured, and hedged MBS securities at DLJ/CSFB, and J.P. Morgan. Prior to that, he was with the Mortgage Arbitrage Group at Nomura Holding America where he was responsible for trading and hedging a portfolio of mortgage derivatives. He began his career on Wall Street at Goldman Sachs writing financial software. Mr. Fiacco has extensive experience in trading, structuring and marketing of MBS derivative securities as well as portfolio hedging and risk management utilizing financial models. He holds B.S.s in Electrical Engineering from Fairfield University and the University of Connecticut as well as an M.S. in Electrical Engineering from New York University.

Mr. Greata is Head of Operations for GS Gamma, responsible for oversight of global operations, security and portfolio risk analysis, client and regulatory reporting, and counter-party management. He joined GS Gamma as a portfolio analyst from Getronics NV, a Dutch provider of managed IT services, where he worked as an industry analyst. Mr. Greata holds a B.A. in Economics from Johns Hopkins University.

Mr. Frank joined GS Gamma to head MBS research and analyze the impact of regulatory and legislative developments on the mortgage market. Prior to joining the Firm, he headed MBS Research at HSBC Securities, Nomura Securities, and at Deutsche Bank Securities. Before that, he was Vice President of MBS Research at Lehman Brothers, and a Senior Quantitative Investment Analyst at Equitable Capital Management (now Alliance Capital). Prior to his career in finance, Mr. Frank was on the faculty of the Wharton School of the University of Pennsylvania. He graduated summa cum laude, with High Honors in Mathematics, from the University of Cincinnati, obtained an M.A. in Applied Mathematics from the University of Michigan, an M.S. in Statistics from Purdue University, and did his doctoral work in Quantitative Social Science at the University of Rochester. He has earned the right to use the Chartered Financial Analyst^® designation and is a member of the CFA Institute.