General Investing Money Manager Interviews August 13, 2001

Tim Mccormack Absolute Return Strategies

TIM MCCORMACK is President and Chief Investment Officer of McCormack Advisors Inc. Portfolio Managers of the Santa Barbara Market Neutral Fund. He has 15 years experience trading and allocating to non- traditional investment strategies. From 1987 until 1991, Mr. McCormick was the CTA of Alpha Futures Management a quantitative firm that specialized in developing and trading a volatility-based trading strategies in the futures markets. He was a General Securities Principal with Vanguard Capital, operating a branch office in Santa Barbara, California from 1988 until July 1997. His primary focus was designing and managing multi-manager portfolios for clients, and providing institutional equities clearing services for market neutral hedge funds. In July of 1997, Mr. McCormack terminated his affiliation with Vanguard Capital in order to begin operations of the Santa Barbara Market Neutral Fund Group.Profile

TWST: Can you tell us about Santa Barbara Market Neutral Fund, and then

Mr. McCormack: The Fund is a multi-manager, multi-strategy hedge fund

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