Paul Hutchison Saunders

Mr. Paul H.
Saunders is Founder & Principal at James River Capital Corp.
and affiliated companies ("James River") and portfolio manager for James River's funds of hedge funds.
He currently serves as Chairman and Chief Executive Officer of James River Capital Corp.
and James River Financial Corp.
Mr. Saunders joined Warburg Paribas Becker's Corporate Finance Department in 1979 and worked in the Commodity Department of A.G.
Becker from 1980 to 1983.
From 1983 to December 1994, he was Director of Managed Accounts and Commodity Funds at Kidder, Peabody & Co. ("Kidder"), and from 1986 until January 1995 he was President of KP Futures Management Corp., which became James River Capital Corp.
in 1995.
In 1989 he became a Managing Director of Kidder and a member of Kidder's Management Council.
Upon acquisition of KP Futures Management Corp.
in 1995, he became Chairman and CEO of James River Capital Corp.
He received his Bachelor of Arts degree from the University of Virginia and an MBA from the University of Chicago.