About Us

Ernest John Fenton (Chairman), aged 68, appointed 8 May 1996, is a chartered accountant. He became a partner of W Greenwell & Co in 1972 and was chairman and chief executive of Greenwell Montagu Stockbrokers until 1993. He was director general of the Association of Investment Companies from 1993 to 1997. He is also a director of US Special Opportunities Trust PLC.

Andrew Charles Barker, aged 62, appointed 10 March 2005, has spent his career in investment management after joining F & C Management Ltd in 1970. He was responsible for F & C Management Ltd’s North American Investments from 1985 until his retirement in 2000. He is chairman of British Portfolio Trust plc, International Biotechnology Trust plc, JP Morgan Midcap plc and Morant Wright Japan Income Trust Ltd. He is a non-executive director of Utilico Investment Trust plc.

Steven Andrew Ralph Bates, aged 49, appointed 27 January 2005, was head of global emerging markets at JP Morgan Fleming until 2002. He is a director of Zephyr Management UK Ltd, an FSA regulated investment business investing in emerging markets, and an investment adviser to Cardiff & Vale of Glamorgan Pension Fund. He is a member of the governing body of Kosovo Pensions Savings Trust. His non-executive directorships include Baring Emerging Europe plc, Magna Umbrella Fund plc, British Empire Securities and General Trust plc, Novy Neft Ltd (Bermuda), Occo Eastern Europe Fund and Occo Latin American Fund.

George Russell Cleveland, aged 68, appointed 24 April 1996, is president and chief executive of the Company’s Manager, RENN Capital Group, Inc., which he founded in 1973. He is a director of a number of US public companies including Integrated Security Systems, Inc., Renaissance Capital Growth & Income Fund III, Inc., Digital Recorders, Inc., Cover-All Technologies, Inc., Tutogen Medical Inc., Caminosoft Corp. and Access Plans USA, Inc.

William Weeks Vanderfelt, aged 64, appointed 2 August 1996, was a managing partner of Petercam SA, the largest independent member firm of the Brussels Stock Exchange until 31 December 2001. He is also a director of Compagnie Immobiličre de Belgique, US Special Opportunities Trust PLC, Vietnam Opportunity Fund, USI Group Holdings AG and Apace.