Wilbur Matthews Principal, CEO, CIO P: 210.826.7777 Download VCard / Send Email Education: BA in Third World Studies and British History, University of the South at Sewanee, TN Hometown: San Antonio, TX

Wilbur Matthews is Vaquero's CEO and CIO with responsibilities for Portfolio Management, Trading and Research and Analysis. Mr. Matthews founded Vaquero in 2007, launched their first managed account in that year and launched the Vaquero EM Credit Fund in May 2008.

Prior to launching Vaquero, Mr. Matthews was a Portfolio Manager with AIG, where he built one of the largest EM credit efforts on Wall Street, generating consistently strong returns with below market volatility. With AIG, Mr. Matthews was able to structure numerous innovative, first-of-their kind financings and build a network of strong relationships. In 2006, The Asset ranked Mr. Matthews the #2 "Most Astute US-based Investor" in Asian credit markets. Prior to AIG, Mr. Matthews was part of Chase's Institutional Investor #1 ranked EM Research Team where he was Sr. Economist for several Latin countries and a utility player in support of the Asian, European and America's Economics and Strategy teams. Mr. Matthews was individually ranked #1 for Peru coverage in 1999/2000 by Latin Finance. Prior to working in research, Mr. Matthews was a banker with Chemical/Chase, originating transactions for emerging market issuers.

Mr. Matthews has 19 years of experience in finance and emerging markets, spanning multiple asset classes and has seen the market from various perspectives: as a portfolio manager, trader, sovereign analyst, corporate analyst and investment banker.

Mr. Matthews is fluent in Spanish, enjoys traveling for business and pleasure and is most proud of his passport stamps from Zambia and Paraguay. Mr. Matthews enjoys spending time with his family and coaching his children's softball and baseball teams. In his spare time, Mr. Matthews enjoys hunting, training his black Labrador Dutch and barbecuing.

Fernanda Vinueza Analyst - Marketing Support P: 210.305.4942 Download VCard / Send Email Education: BS in International Business, Trinity University at San Antonio, TX Hometown: Quito, Ecuador

Fernanda Vinueza joined the Vaquero team as a Research Analyst and Marketing Assistant in February 2011. Originally from Ecuador, Ms. Vinueza has an international point of view and strong foreign language skills complemented by global business and educational experience. With Vaquero, Ms. Vinueza is actively involved in the marketing effort, fund performance reporting, competitor analysis, investor relations and macro-economic research.

Ms. Vinueza's diverse work experience includes internships with pharmaceutical and retail companies in Ecuador, a San Antonio law firm focused on international trade and RISI, a forestry industry consultant in Belgium, where she completed a marketing project and worked on updating the company's website.

Ms. Vinueza's interest in languages drives her interest in learning Portuguese and keeping current with her French, which she originally picked-up during a study abroad program in Brussels, Belgium. In addition, Ms. Vinueza enjoys running along the San Antonio Riverwalk and aspires to run a half-marathon in the near future.