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Brad Baker Joins Knott Capital as Managing Director

Knott Capital is pleased to announce today that Brad Baker has joined the firm as a Managing Director. Mr. Baker will also assume the role of Product Manager, a newly created position at the firm. In this capacity, Mr. Baker will serve as a liaison between the portfolio management team and will help articulate communications regarding portfolio structure and strategy to constituents including clients, consultants and advisors.

"This has been an exciting year of growth at Knott Capital, and with growth comes new responsibilities," says Michael Barron, CEO at Knott Capital. "I'm proud to welcome Brad to our firm as he will be a valuable resource to our sales team, our existing clients, and with the new client and advisory relationships we want to establish."

"I've known Michael Barron for a number of years and believe that Knott Capital not only has a unique investment approach with a proven record, but is also positioned to handle growth," says Mr. Baker. "The ability to differentiate yourself from your peers and build on existing strengths without compromising your investment philosophy leads me to believe that tremendous opportunity lies ahead. I am gratified to be a member of the team."

In late 2006, Knott Capital surpassed the $1 billion mark in total assets under management. By reaching this milestone, the firm is receiving new attention from institutions and consultants and is appearing in screens and searches in which only asset managers that have reached such a threshold are eligible.

"The three key areas where I will direct my focus will be in cultivating relationships in the institutional marketplace, building platform based relationships with the broker-dealer community, and working as a liaison to the investment team in communicating our message to our business partners and clients," says Mr. Baker. "The Product Management role will allow me to participate in virtually every phase of our business. I look forward to the challenge."

Mr. Baker joins Knott Capital after spending nearly five years as a Managing Director with Sovereign Asset Management (a subsidiary of John Hancock Advisers). In that role he served as a Separate Accounts Specialist. He previously served as a Sales & Marketing Manager with Legg Mason Investment Consulting Group, where he began his career in 1999. Mr. Baker holds a B.A. degree in International Business from Lehigh University.

About Knott Capital

Knott Capital, founded in 1998, is a private, independently owned investment advisory firm. Founded on the philosophy of preservation of principal, Knott Capital manages more than $1 billion for institutional and private clients using a unique proprietary investment process that combines top-down macroeconomic and sector analysis with stringent bottom-up security research. Its focused, unique, risk-averse approach to investment methodology is available to clients through Equity Separate Accounts, Quaker Capital Opportunities Fund -- a mutual fund managed by Knott Capital and distributed by The Quaker Funds, Inc. -- and the AEGIS Fund, a private investment partnership open to qualified investors and institutions.