Jed M. Cohen

JED M. COHEN is a Senior Managing Director, Chief Investment Strategist
and Investment Advisory Committee Member for GKM Advisers, LLC. A
seasoned professional investment manager with over 40 years of
experience, he formed the firm in January 2000. As senior Managing
Director, Mr. Cohen serves as the chief investment adviser. His
investment experience includes 10 years as a Senior Managing Director at
Gruntal & Co.; 14 years as a Limited Partner at Bear, Stearns & Co.; and
nine years as a General Partner at Kleiner, Bell & Co. In the mid-1960s,
Mr. Cohen was associated with members of the President’s Council of
Economic Advisors with whom he spent several years exchanging ideas on
the evolving economic outlook, taxation, the Federal Reserve System, and
other matters of national fiscal and monetary policy. His career has
been devoted to stock research, corporate finance and long-term economic

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January 26, 2004