Philippe Charles Burke

Apache Capital Management LLC (Apache) is an independent hedge fund management firm headquartered in New York City. The firm was founded by Philippe Burke in 2003. Apache manages client capital invested in funds or managed accounts, as a registered Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA). Their portfolio consulting work consists of building, hedging, and risk managing investment portfolios, and developing investment strategies.

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

A subsidiary of Lehman Brothers Holdings, Inc., Lehman Brothers, Inc. is a broker/dealer headquartered in New York City. They provide global equity and fixed research. The equity research department covers more than 100 sectors. They use a fundamental, quantitative, strategic and tactical research approach. In addition to these Lehman has also developed special products, such as 10 uncommon values and 10 uncommon eurovalues.