ADVISOR

Clough Capital Partners, LP

Founded in March 2000 by Charles I. Clough, Jr., Eric A. Brock and James E. Canty
Investment team of 10 investment professionals
Manage $3.0 billion in assets: $857 million in hedge funds and institutional accounts, $2.0 billion in three closed-end funds and $45 million in one open-end fund*
Established history of theme-based, global investing utilizing various hedging strategies

*as of February 28, 2010

Team Members

Charles I. Clough, Jr.

James E. Canty

Eric A. Brock

Robert M. Zdunczyk

Vincent M. Lorusso

Jeff Tang

Seth Daniels

Josh Howland

Katherine E. Tully

John Kowaleski

Charles I. Clough, Jr., CFA *
Chairman & CEO

Chuck Clough is responsible for the overall portfolio strategy and risk management for the Funds. Mr. Clough has been active in the securities and investment business for 40 years. His experience covers most analytical functions from research analyst to portfolio management. Prior to founding Clough Capital Partners, Mr. Clough served as the Chief Global Investment Strategist at Merrill Lynch & Co. Inc. (“Merrill Lynch”) for over thirteen years, where he was responsible for directing the global investment strategy research effort of the world’s largest investment firm. Mr. Clough advised many of the world’s top institutions and investors on portfolio strategy. He was named to the Institutional Investor All-America Research Team for 12 consecutive years and earned a place as the top ranked strategist on Wall Street on three separate occasions. Mr. Clough has been consistently recognized as a top strategist in areas such as U.S. equities, global investments and fixed income.

Mr. Clough graduated magna cum laude with a major in history and a minor in economics from Boston College and earned an MBA at the University of Chicago. He has maintained a Chartered Financial Analyst designation since 1979.

James E. Canty
Partner, Chief Financial Officer & General Counsel

Jim Canty manages our energy, finance and industrial portfolios. He also serves as our Chief Financial Officer and General Counsel. Mr. Canty began his career as a CPA with KPMG Peat Marwick, earned his law degree from Georgetown University and his BBA in Accounting from Saint Bonaventure University. He has over 20 years experience in equity research, corporate and securities law and accounting in a broad spectrum of industries. Prior to joining Clough Capital, he was the Associate General Counsel, Corporate Secretary and Director of IR, for Converse, Inc, a $500 million publicly traded Company. He also worked for five years as a corporate and securities attorney with Bingham, Dana & Gould and Goldstein & Manello in Boston. Mr. Canty lives in Concord, Massachusetts with his wife, Kristin and their four children.

He coaches youth hockey, softball and football.

Eric A. Brock
Partner

At Clough Capital Partners, the three partners all act as portfolio managers, with Mr. Brock focusing his efforts on themes related to globalization and many of our international investments. Mr. Brock began his career as a CPA with Ernst & Young and he also spent several years as a leveraged finance investment banker with Bear Stearns & Co. Mr. Brock has over 15 years experience in equity research, investment banking and accounting in a broad array of industries. Mr. Brock holds an MBA from the University of Chicago and a Bachelor’s Degree in Accounting from Boston College.

Mr. Brock lives in Sudbury, Massachusetts with his wife Susan and three children.

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	Robert M. Zdunczyk \| Fixed Income Analyst Mr. Zdunczyk is a Research Analyst focusing on Clough Capital Partners’ fixed income allocation. He worked as a Core Bond Portfolio Analyst for Wellington Management, LLP before joining the Firm in 2005. Prior to that, Mr. Zdunczyk worked as an Account Supervisor with Investors Bank and Trust Company. Mr. Zdunczyk holds a Bachelor’s Degree in Economics from Boston College and has his Masters of Science in Finance from Northeastern University.

	Vincent M. Lorusso \| Research Analyst Mr. Lorusso is a Research Analyst focusing on equity investments in various industries. Prior to joining Clough Capital Partners in 2004, Mr. Lorusso was a Senior Investment Consultant with NATIXIS Global Asset Management, where he obatined his FINRA Series 7 and 63 registrations. Mr. Lorusso holds a Bachelor of Science degree in Finance and English and a Masters of Science in Finance both from Boston College Carroll School of Management and holds a Certificate in Financial Planning from Boston University.

	Jeff Tang, CFA* \| Research Analyst Mr. Tang is a Research Analyst focusing on Clough Capital Partners’ Asia and Emerging Markets investments. Mr. Tang has over 10 years of investment experience, as well as experience in the field of biochemistry. Prior to joining the Firm in 2006, Mr. Tang was a Senior Equity Analyst at Evergreen Investment Management. He has also worked as an analyst at Waterford Partners, LLC and ABN AMRO Bank. Mr. Tang holds an MBA from the University of Chicago, an MA in Biochemistry from Columbia University, a Bachelor’s Degree in Biochemistry from Beijing University, and is a Chartered Financial Analyst.

	Seth Daniels \| Research Analyst Mr. Daniels is a Research Analyst focusing on equity investments in healthcare, metals and mining. He worked as a Senior Research Analyst for Andesite, LLC before joining Clough Capital Partners in 2007. Prior to that, Mr. Daniels held analyst positions at Off Wall Street Consulting Group and Essex Investment Management. Mr. Daniels holds a Bachelor’s Degree in Economics from Dartmouth College and has his Masters in Investment Management from Boston University Graduate School of Management. He serves as an adjunct professor of Equity Analysis at Reykjavik University and has been a guest lecturer at Boston University Graduate School of Management.

	Josh Howland, CFA* \| Head Trader Mr. Howland has been an analyst and head trader for Clough Capital Partners since 2001, offering special expertise in implementing option strategies. He also oversees operations for our hedge funds. Prior to joining Clough Capital in 2000 as Operations Manager, Mr. Howland was a Senior Accountant at Investors Bank and Trust Company. He holds a Bachelor of Science degree in Business Administration from the University of Rhode Island and is a Chartered Financial Analyst.

	Katherine E. Tully \| Trader and Operations Manager Ms. Tully has served as a trader since 2004. She joined Clough Capital Partners in 2003 and is the point person on operations for our closed-end mutual funds, serving as the liaison between the Funds, custodian and traders. In addition to trading, her daily activities include trade reconciliation and cash management for the Funds, as well as coordination with the Funds’ administrator on recurring asset allocation, performance reports and SEC filings. Ms. Tully earned a Bachelor of Arts degree from Northeastern University with a major in Economics and minor in Business Administration.

	John Kowaleski \| Trader Mr. Kowaleski joined Clough Capital Partners in 2004, initially focusing on the Firm’s accounting and finance activities. Prior to joining the Firm, Mr. Kowaleski was an analyst with the business consulting firm, Accenture. He began trading for Clough Capital Partners in 2006. Mr. Kowaleski holds a Bachelor of Science degree from Boston College Carroll School of Management in Finance and Marketing.
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*CFA is a trademark owned by the CFA Institute.


	Robert M. Zdunczyk \| Fixed Income Analyst Mr. Zdunczyk is a Research Analyst focusing on Clough Capital Partners’ fixed income allocation. He worked as a Core Bond Portfolio Analyst for Wellington Management, LLP before joining the Firm in 2005. Prior to that, Mr. Zdunczyk worked as an Account Supervisor with Investors Bank and Trust Company. Mr. Zdunczyk holds a Bachelor’s Degree in Economics from Boston College and has his Masters of Science in Finance from Northeastern University.

	Vincent M. Lorusso \| Research Analyst Mr. Lorusso is a Research Analyst focusing on equity investments in various industries. Prior to joining Clough Capital Partners in 2004, Mr. Lorusso was a Senior Investment Consultant with NATIXIS Global Asset Management, where he obatined his FINRA Series 7 and 63 registrations. Mr. Lorusso holds a Bachelor of Science degree in Finance and English and a Masters of Science in Finance both from Boston College Carroll School of Management and holds a Certificate in Financial Planning from Boston University.

	Jeff Tang, CFA* \| Research Analyst Mr. Tang is a Research Analyst focusing on Clough Capital Partners’ Asia and Emerging Markets investments. Mr. Tang has over 10 years of investment experience, as well as experience in the field of biochemistry. Prior to joining the Firm in 2006, Mr. Tang was a Senior Equity Analyst at Evergreen Investment Management. He has also worked as an analyst at Waterford Partners, LLC and ABN AMRO Bank. Mr. Tang holds an MBA from the University of Chicago, an MA in Biochemistry from Columbia University, a Bachelor’s Degree in Biochemistry from Beijing University, and is a Chartered Financial Analyst.

	Seth Daniels \| Research Analyst Mr. Daniels is a Research Analyst focusing on equity investments in healthcare, metals and mining. He worked as a Senior Research Analyst for Andesite, LLC before joining Clough Capital Partners in 2007. Prior to that, Mr. Daniels held analyst positions at Off Wall Street Consulting Group and Essex Investment Management. Mr. Daniels holds a Bachelor’s Degree in Economics from Dartmouth College and has his Masters in Investment Management from Boston University Graduate School of Management. He serves as an adjunct professor of Equity Analysis at Reykjavik University and has been a guest lecturer at Boston University Graduate School of Management.

	Josh Howland, CFA* \| Head Trader Mr. Howland has been an analyst and head trader for Clough Capital Partners since 2001, offering special expertise in implementing option strategies. He also oversees operations for our hedge funds. Prior to joining Clough Capital in 2000 as Operations Manager, Mr. Howland was a Senior Accountant at Investors Bank and Trust Company. He holds a Bachelor of Science degree in Business Administration from the University of Rhode Island and is a Chartered Financial Analyst.

	Katherine E. Tully \| Trader and Operations Manager Ms. Tully has served as a trader since 2004. She joined Clough Capital Partners in 2003 and is the point person on operations for our closed-end mutual funds, serving as the liaison between the Funds, custodian and traders. In addition to trading, her daily activities include trade reconciliation and cash management for the Funds, as well as coordination with the Funds’ administrator on recurring asset allocation, performance reports and SEC filings. Ms. Tully earned a Bachelor of Arts degree from Northeastern University with a major in Economics and minor in Business Administration.

	John Kowaleski \| Trader Mr. Kowaleski joined Clough Capital Partners in 2004, initially focusing on the Firm’s accounting and finance activities. Prior to joining the Firm, Mr. Kowaleski was an analyst with the business consulting firm, Accenture. He began trading for Clough Capital Partners in 2006. Mr. Kowaleski holds a Bachelor of Science degree from Boston College Carroll School of Management in Finance and Marketing.
	back to the top
*CFA is a trademark owned by the CFA Institute.