Manager Microsoft Office

Mark Easterbrook, CFA

****************@*********.*** / 214-***-**** (mobile)

Over 20 years experience running energy portfolios and researching energy and regulated equities upstream, master limited partnerships and diversified utility industries. Managed teams of senior and junior analysts at both buyside and sell-side firms. Looking for a senior position at a hedge fund or asset manager using my energy expertise. Willing to relocate. Experience

BP Capital Twinline Funds, Dallas, Texas March 2014-September 2015 Portfolio Manager (PM) Master Limited Partnership and Energy Funds Principal BP Capital Twinline Funds (Twinline) is a start-up investment advisor (January 2014) focused on two strategies Energy and Midstream/MLP sectors. The advisor is affiliated with BP Capital, a hedge fund run by T. Boone Pickens. AUM at Twinline increased six-fold since its start-up, even in the face of declining energy markets in 2014-2015. With the startup nature of the firm, principals facilitated with trading, compliance, and back office matters relating to the mutual funds. Lead Portfolio Manager on the MLP Fund:

§ The Master Limited Partnership (MLP) fund was the third-best performing fund in Morningstar’s Energy Limited Partnership category for 2014. (+11.8% vs. +7.3% for Morningstar category and +4.8% for the Alerian Infrastructure ETF in 2014). *

§ The MLP fund AUM increased from $5 to $35 million ending September 2015.

§ Responsible for modeling midstream/MLP models and tracking all 120 publicly-traded partnerships and 25 diversified energy companies.

§ Ran portfolio meetings to position the MLP fund and review potential new names.

§ The MLP fund was structured as a corporation, so unlike other mutual funds, had significant tax ramifications from K-1 tax forms derived from holding MLPs.

§ Wrote up monthly and quarterly reports for investors and potential investors.

§ Heavily involved in marketing of the MLP fund to different investor platforms institutions, RIAs, and financial advisors. Also had to make several due diligence presentations to get mutual funds approved onto broker platforms. Portfolio Manager on the Energy Fund (Team Managed):

§ The fund was the best performing fund in Morningstar’s Energy Equity category for 2014 (-1.8% vs. -16.2% for the Morningstar category in 2014). *

§ The Energy strategy increased from $40 to $170 million in AUM ending September 2015.

§ Participated in weekly portfolio meetings to discuss positioning of the fund. These meetings were to discuss macro themes impacting the different industries upstream, midstream, downstream, chemicals, materials and the impact from commodity prices. (Typically midstream/MLPs had a 15-25% weight within the Energy fund).

§ Involved in marketing of the Energy fund to different investor platforms institutions, RIAs, and financial advisors. Also had to make several due diligence presentations to get mutual funds approved onto broker platforms. Westwood Holdings Group, Dallas, Texas 2011-2014

Director of Research/Portfolio Manager Senior Vice President Westwood Holdings, a public company, is global, value-oriented asset management firm serving institutional investors, private wealth clients, and financial intermediaries with roughly $20 billion in AUM in separate/commingled accounts or mutual funds. The firm, at the time, had eight equity strategies Large Cap, SMid Cap, Small Cap, Dividend Growth, Global, Emerging Markets, Income, and MLPs.

Director of Research:

§ Responsible for implementing and reviewing the research process through all four industry research groups (each group met on a weekly basis) that approved all equity recommendations for the Westwood portfolios.

§ With the CIO, ran weekly investment research meetings to discuss new research ideas/group meetings and a review performance of funds.

§ Coordinated the ideas for white papers and videos that went externally to institutional investors.

§ Handled commissions and internal research vote for all external sell side firms and data providers.

§ Responsible for a department consisting of 15 analysts and 5 research associates along with hiring of investment personnel. 2

Portfolio Manager on the MLP Strategy (Team Managed):

§ The MLP strategy at Westwood outperformed the Alerian MLP Index in every quarter of my tenure. From 2012 – March 2014, the MLP strategy had annualized returns of +27.6% vs. +9.8% for the benchmark. *

§ Responsible for 24 Midstream/MLP universe, such as BPL, MMP, KMI. along with new IPOs in the space. Kept entire team up-to-date with recommendations, models, and updates at research group and firm meetings.

§ Presented to institutions/consultants to raise assets for the MLP Infrastructure Renewal Fund (pensions, endowments, family offices, etc.) The fund added clients and AUM climbed from $140 to $400 million.

§ Helped develop marketing materials and white papers for MLP strategy.

§ Started two new funds the MLP Opportunities Fund (an equal-weighted approach to MLPs) and the MLP Commingled Fund (commingled fund for pension assets).

RBC Capital Markets, Dallas, Texas 1996-2010

Research Analyst - Master Limited Partnerships (MLPs) Managing Director 2001-2010 Grew RBC’s master limited partnership platform to become one of the major players in the industry. Responsible for coverage with a three-person team to follow 26 partnerships focusing on the energy infrastructure. I interacted and made buy/sell recommendations with institutional clients, high net worth individuals, and retail brokers discussing themes impacting different sub-sectors within the MLP industry.

§ Named to the Wall Street Journal’s 2004 All-Star Analyst Survey for stock selection.

§ From 2005-2010 organized the RBC Capital Markets MLP Conference a two-day conference with panel presentations and over 200 institutional one-on-one meetings.

Dain Rauscher Wessels (merged into RBC Capital Markets) MLPs/Diversified Natural Gas Senior Vice President 1999-2001

§ Named to the Wall Street Journal’s All Star Analyst Survey for stock selection (2000).

§ Initiated on large-cap diversified natural gas companies (Williams, El Paso, Dynegy, etc.). Rauscher Pierce Refsnes (merged into RBC Capital Markets) Midstream/MLPs Vice President 1996-1999

§ Increased MLP investments in retail system with education sessions from $100 to $300 million; eventually getting to $2 billion.

§ Named to the Wall Street Journal’s All-Star Analyst Survey for stock selection (1998). Dillon, Read & Co. Inc., New York, New York 1990-1996 Analyst-Energy 1995-1996

Covered a 24-company universe focusing on pipeline and upstream companies.

§ Initiated industry reports on pipelines and small-cap E&P universes. Buy-rated stocks returned 38% (annualized basis). Associate-Energy 1990-1995

Worked with senior analyst covering companies in the natural gas industry. Maintained financial and macro models on within our universe and tracked industry data.

Education

Emory University, Atlanta, GA Graduated 1988

Bachelor of Arts Degrees in Economics/History

Professional Affiliations/Skills

§ CFA (1993). Member of CFA Institute.

§ Series 7, 63, 86, 87 and 16 (expired).

§ Board of the Master Limited Partnership Association (www.mlpassociation.org) from 1999-2009.

§ In-depth knowledge of Microsoft Office (Excel, PowerPoint, etc.), FactSet, Capital IQ, and Bloomberg. References Provided Upon Request

* Note: Can furnish total returns on funds where I was either lead PM or team-managed PM.

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