Marshall AuerbackMarshall Auerback has 25 years experience in the investment management business, serving as a global portfolio strategist for RAB Capital Plc, a UK-based fund management group with $2bn under management since 2003. He also serves as a consultant to PIMCO, the world’s largest bond fund management group and a director of Pinetree Capital in Toronto, Ontario, Canada. From 1983-1987, he was an investment manager at GT Management (Asia) Limited in Hong Kong, where he focused on the markets of Hong Kong, the ASEAN countries (Singapore, Malaysia, the Philippines, Indonesia, and Thailand), New Zealand and Australia. From 1988-91, Mr Auerback was based in Tokyo, where his Pacific Rim expertise was broadened to include the Japanese stock market. From 1992-95, Mr Auerback worked in New York for the Tiedemann Investment group, where he ran an emerging markets’ hedge fund. From 1996-99, he worked as an international economics strategist for Veneroso Associates, which provided macroeconomic strategy to a number of leading institutional investors. From 1999-2002, he managed the Prudent Global Fixed Income Fund for David W. Tice & Associates, a USVI-based investment management firm, and assisted with the management of the Prudent Bear Fund. Mr Auerback graduated magna cum laude in English & Philosophy from Queen’s University in 1981 and received a law degree from Corpus Christi College, Oxford University in 1983.