Where Core Values Fuel Performance

Mr. Drobny is the Chairman and Chief Executive Officer of the Board of Garda, where he provides overall leadership for the firm.

Mr. Drobny launched the Fixed Income Relative Value Strategy at Black River in 2003, where he was also a Principal and served as the Global Head of the Relative Value and Commodity-Related hedge fund businesses. In 2016, Mr. Drobny co-founded Garda as CEO and CIO, to continue managing the Fixed Income Relative Value Strategy and has led the growth and development of the firm since inception. Prior to that, Mr. Drobny worked in Cargill's Financial Markets Group in London, before later returning to the U.S. to oversee trading management for Cargill's Fixed Income Arbitrage business.

Mr. Drobny graduated from Union College with a Bachelor's degree in Economics and earned an MBA from the Kellogg School of Management.

Mr. Magnusson is the Chief Investment Officer of Garda's Fixed Income Relative Value Strategy. Mr. Magnusson provides strategic direction for the investment strategy of the firm.

Prior to co-founding Garda in 2016, Mr. Magnusson worked at Black River and its predecessor, Cargill Financial Markets. He began his career at Cargill in 1996 working within the Corporate Treasury Group. Mr. Magnusson then joined the Fixed Income Relative Value Portfolio Management Team in 2000. Following the formation of Black River in 2003, his Portfolio Management responsibilities continued to grow and in 2008, he became the Senior Portfolio Manager for the Fixed Income Relative Value Strategy, that continues to be the strategy managed at Garda today. He assumed CIO responsibilities for the strategy in 2022.

Mr. Magnusson graduated Summa Cum Laude from Central Michigan University with a Bachelor of Science degree in Business and German. He also holds an MBA from the Thunderbird School of Global Management and is a CFA® charterholder.

CFA® is a registered trademark owned by the CFA Institute.

Mr. Vereecken is Garda's Chief Operating Officer, responsible for leading the operational functions within Garda's investment process.

Prior to his current role, Mr. Vereecken was Deputy COO & Head of Middle Office and Trade Support. Previously, he was a Portfolio Manager at Garda primarily responsible for Fixed Income Relative Value trading in North American markets. He became part of the investment team when he joined Black River in 2002.

Before Black River, Mr. Vereecken worked at Cargill from 1998-2002 where he advised on acquisitions in Cargill's Strategy & Business Development department, and worked as a Merchant in its Grain & Oilseeds Division. Previously, Mr. Vereecken worked at Bain & Company in Paris and Brussels.

Mr. Vereecken graduated magna cum laude from the University of Gent, Belgium with a Master's degree in Electrotechnical Engineering. Mr. Vereecken also holds an MBA from the Wharton School, University of Pennsylvania, where he was an Honorary Fulbright Scholar and was awarded the title of Palmer Scholar for academic excellence.

Mr. Shane serves as Garda's General Counsel, responsible for legal, regulatory, and compliance matters impacting the firm.

Mr. Shane was previously Garda's Chief Compliance Officer and Deputy General Counsel. Before joining Garda in 2017, Mr. Shane spent five years at Wayzata Investment Partners LLC, most recently as its Chief Compliance Officer. Prior to that, Mr. Shane practiced in the investment management group at the law firm of Faegre Baker Daniels LLP and served as an attorney in the U.S. Army.

Mr. Shane received his J.D. from the University of Wisconsin Law School and his B.A. from the University of Notre Dame.

Ms. Kittiko is Garda's Chief Financial Officer. In this capacity, she oversees Garda's financial activities and partners with the CEO and senior management on business planning and financial strategy. She is responsible for accounting and control, tax, and financial analysis and reporting.

Prior to joining Garda, Ms. Kittiko served as Controller for Black River Asset Management from 2011-2016. Immediately prior to her tenure at Black River Asset Management, Ms. Kittiko worked for CarVal Investors where she held positions including Director of Operations and Administration Manager. Ms. Kittiko also spent two years as Controller at Global Trade Resources, an emerging markets hedge fund in Minneapolis.

Ms. Kittiko graduated from the College of St. Catherine with a Bachelor's degree in accounting with a Spanish minor.

Mr. Magnusson is the Chief Investment Officer of Garda's Fixed Income Relative Value Strategy. Mr. Magnusson provides strategic direction for the investment strategy of the firm.

Prior to co-founding Garda in 2016, Mr. Magnusson worked at Black River and its predecessor, Cargill Financial Markets. He began his career at Cargill in 1996 working within the Corporate Treasury Group. Mr. Magnusson then joined the Fixed Income Relative Value Portfolio Management Team in 2000. Following the formation of Black River in 2003, his Portfolio Management responsibilities continued to grow and in 2008, he became the Senior Portfolio Manager for the Fixed Income Relative Value Strategy, that continues to be the strategy managed at Garda today. He assumed CIO responsibilities for the strategy in 2022.

Mr. Magnusson graduated Summa Cum Laude from Central Michigan University with a Bachelor of Science degree in Business and German. He also holds an MBA from the Thunderbird School of Global Management and is a CFA® charterholder.

CFA® is a registered trademark owned by the CFA Institute.

Mr. Cameron is a Deputy Chief Investment Officer at Garda and the head of the firm's New York office. He is a member of Garda's Office of the CIO and Investment Committee.

He joined Garda in 2016 as a portfolio manager with over 25 years of experience trading and managing fixed income businesses in New York, London, and Tokyo, with a primary focus on interest rate derivative trading. Before joining Garda, he spent more than 18 years at JP Morgan, most recently as their global head of USD interest rate swaps, with prior leadership of USD rate trading for Europe, the Middle East, and Africa. Previously, he was the executive head of a proprietary trading group at JP Morgan and managed core European swaps trading before the European Monetary Union. He started his career in the middle office for HSBC before joining its interest rate derivatives team in New York and Tokyo.

Mr. Cameron holds a Bachelor of Business Administration from the Isenberg School of Management at the University of Massachusetts at Amherst.

Mr. McGarry is a Deputy Chief Investment Officer based in Garda's Geneva office, where he leads the macro relative value team. He is a member of Garda's Office of the CIO and Investment Committee.

He has been with Garda since its inception and has over 25 years of experience trading macro relative value opportunities.

Mr. McGarry holds a bachelor's degree in actuarial studies and a Master of Finance from University College Dublin.

Mr. McCloskey is a Deputy Chief Investment Officer at Garda and the head of the firm's Geneva office. He leads the European government bond relative value team and is a member of Garda's Office of the CIO and Investment Committee.

Prior to joining Garda, he spent over eight years at Barclays Capital, where he most recently served as a director and co-head of the European government bond trading desk. He has additional European government bond experience from trading and market analysis positions at Dresdner Kleinwort, Jefferies, and Bank of America.

Mr. McCloskey holds a Bachelor of Arts in mathematics and a diploma in applied statistics, both from Oxford University.