Sandler Capital Management

Hedge Fund Team

	Andrew Sandler Managing Director/Portfolio Manager, Head of Hedge Funds

	Douglas Schimmel Managing Director/Portfolio Manager

	Vito Menza Managing Director/Assistant Portfolio Manager

	Brent Benkovic, CFA Managing Director

	Bob Gorman Managing Director

	Eric Lewis Managing Director

	Caroline Chiodo, CFA Vice President

	Cheryl Demaree Vice President

	Carese Gillespie Vice President

	Eric Hsu Vice President

	Ross Katz Vice President

	Matthew Kohn Vice President

	Tim Marsek Vice President

	Kevin P. Merritt, CFA Vice President

	Tom Molnar Vice President

	Andrea Rosenbaum Vice President

	Eric Stephenson, CFA Vice President

	Manny Zareh Vice President

	Phil Barres Associate

	RJ Moulton Assistant Trader

	Douglas Irwin Advisor

	Harvey Sandler Founder

Private Equity Team

Administration Team

Team

Hedge Fund Team

Cheryl Demaree, Vice President

Cheryl Demaree
Vice President

Cheryl Demaree joined Sandler Capital in 2001. Ms. Demaree executes trades, maintains relationships with brokers and sales traders, and relays market information to the portfolio manager, Andrew Sandler. Prior to joining Sandler Capital, Ms. Demaree worked as a Sales Associate for Salomon Smith Barney, where she assisted a Senior Portfolio Manager. Her responsibilities included researching potential investment ideas and trading on the behalf of clients. While employed at Smith Barney Ms. Demaree obtained her Series 7 and 63 licenses. She has a B.S. in Marketing from West Virginia University.