Chicago office in 1980. There he worked with bank trust departments helping them to manage excess liquidity. In 1985, he moved to New York and spent the next six years managing money market and fixed income portfolios for institutional clients. In 1991, Mulvihill moved to London to help start our international investment management activities and, in 1992, moved to Tokyo as President of Goldman Sachs Asset Management, Japan. He also served as chairman of the American Chamber of Commerce in Japan, Subcommittee on Investment Management and was actively involved in the effort that produced the Financial Services Agreement that was signed by the governments of the United States and Japan in January 1995. Goldman Sachs was the first firm, Japanese or foreign, chosen to manage Japanese equities for the Japanese government pension system. He received a B.A. from the University of Notre Dame in 1978 and an MBA from the University of Chicago in 1982. Jacob Rosengarten, Managing Director, is the Head of the Risk and Performance Analytics Group within Goldman Sachs Asset Management, a position he held beginning in 1998. Until 1998, he was the Director of Risk Analysis and Quantitative Analysis at Commodities Corporation (acquired by Goldman Sachs in 1997). In this capacity, he directed a group of professionals responsible for measuring risk associated with individual positions, managers, and portfolios of managers who trade a variety of products including futures, derivatives, equities, and emerging markets. In earlier roles at Commodities Corporation, he also functioned as Controller, Assistant Controller, and Director of Accounting. Prior to his tenure at Commodities Corporation, he worked as an auditor for Arthur Young & Company (since 1979); in this capacity he was responsible for managing audits for a variety of diversified clients. Rosengarten holds a B.A. in Economics from Brandeis University and an MBA in Accounting from the University of Chicago. He is also a Certified Public Accountant. TarunTyagi is an Investment Strategist in the Global Investment Strategies group. His current responsibilities include advising U.S. Institutional clients (corporations, foundations, endowments, and public funds) on strategic investment issues such as asset allocation and risk management policy decisions. Tyagi joined Goldman Sachs Asset Management in July 1999 as an Associate in the Institutional Client Research & Strategy group. Tyagi received an M.S. in Financial Engineering from Columbia University in 1999 and an MBA from the University of Illinois in 1998. During 1997, he was a summer associate at Citibank. Tyagi was employed with India Finance Guaranty Limited as an Assistant Trader and with Tata Consultancy Services as an Assistant Systems Analyst. He received a Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology, Delhi, in 1995. Chris Vella, Vice President, is a Senior Investment Strategist for international equities in the Global Manager Strategies group. He is responsible for identifying, evaluating, and monitoring external managers for all international equity products. He joined the firm in February 1999 after six years with SEI Investments where, most recently, Vella was responsible for the evaluation and selection of international and emerging markets equity external managers. He graduated Phi Beta Kappa and magna cum laude with a B.S. from Lehigh University in 1993 in finance and applied mathematics.