Marshall Berol, Co- manager of Encompass Fund: Marshall G. Berol has been engaged since 1982 as an investment manager in San Francisco, California. Since 2000, he has been the Chief investment Officer of Malcolm H. Gissen & Associates, Inc. In addition, for more than 20 years, Mr. Berol has owned his own investment firm, BL/SH Financial. His investment style is one of a contrarian, and value-oriented. Mr. Berol and Malcolm Gissen co-founded (in June, 2006) and co-manage a mutual fund, Encompass Fund. Mr. Berol did his undergraduate work at the University of California (Berkeley) and received a J.D. degree from the University of San Francisco School of Law.