Member of RS Hard Assets Team and RS Value Team

• Tenure with RS Investments: Since 2008
• Tenure in Industry: Since 1997
• Prior Experience: Equity Research Analyst at T. Rowe Price Associates; Senior Financial Analyst at Jupiter Media Corporate Venture Capital and Acquisitions Group; Senior Financial Analyst at Piper Jaffray
• Education: B.S. from Santa Clara University; M.B.A. from the University of Virginia; CFA Charterholder

MacKenzie B. Davis is a member of the RS Hard Assets Team, a member of the RS Value Team, and is involved in the management of the RS Global Natural Resources strategies.

• Tenure with RS Investments: March 2004
• Prior Experience: High Yield analyst at Fidelity Management & Research Company for four years; vice president at Fidelity Capital Markets for four years; analyst at Goldman Sachs & Company for two years
• Education: B.A. from Brown University and is a CFA Charterholder

Member of RS Hard Assets Team and RS Value Team

• Tenure with RS Investments: Since 2007
• Tenure in Industry: Since 1997
• Prior Experience: Generalist at Behrens Rubinoff Capital Partners LLC; Vice President at TenX Capital Partners, a private equity firm affiliated with Cerberus Capital Management, L.P.
• Education: B.S. from the McIntire School of Commerce at the University of Virginia; M.B.A. from the Wharton School

Andrew P. Pilara Jr. is a member of the RS Hard Assets Team, a member of the RS Value Team, and is involved in the management of the RS Global Natural Resources strategies.

• Tenure with RS Investments: September 1993
• Prior Experience: President of Pilara Associates, a private investment firm specializing in value investing for 19 years
• Education: B.A. from St. Mary's College of California

Ken Settles is a member of the RS Hard Assets Team, a member of the RS Value Team, and is involved in the management of the RS Global Natural Resources strategies.

• Tenure with RS Investments: September 2006
• Prior Experience: Senior energy analyst at Neuberger Berman, LLC for seven years; financial analyst at Salomon Smith Barney, Inc. for three years
• Education: B.A. in economics from Williams College and is a CFA Charterholder

Senior equity trader for the RS Hard Assets Team and RS Value Team

• Tenure with RS Investments: Since 2003
• Tenure in Industry: Since 1992 
• Prior Experience: Principal in Sales Trading for Nation's Bank/Montgomery (which became Bank of America Securities); Trader for Robertson Stephens Asset Management
• B.A. from University of California, Berkeley

Senior equity trader for RS Value, RS Hard Assets, and RS Core Growth Teams

• Tenure with RS Investments: Since 2005
• Tenure in Industry: Since 1982 
• Prior Experience: Head Trader for West Highland Capital; Head Trader for Pacific Equity Management; Sales/Trader at Hambrecht and Quist
• Education: B.A. from San Diego State University