Bill Sanders joined 400 Capital Management in 2010 and is Partner, President, Chief Operating Officer and Chief Risk Officer. He is responsible for investment policy, capital allocation, risk management, strategic development as well as general business operations. He serves as a member of the Investment and Operating Committees. Prior to 400CM, Bill was a Founding Partner, Board Member and Co-Head of Trading for Amherst Holdings LLC, a privately held financial services firm specializing in structured credit investments. In his role at Amherst, Bill oversaw trading, capital allocation, risk management and treasury functions as well as accounting, compliance and general business operations. Bill has over thirty years of financial services experience and, in addition to 400CM and Amherst, has held senior trading and management positions at Freddie Mac, Banc of America Securities and First Boston. Bill earned a B.S. with honors in Business and Economics from the University of Delaware in 1986. Bill currently serves on the Advisory Committee to the Board at PSI; a Washington, DC based nonprofit providing global health services in more than fifty countries (www.psi.org). Bill is the founding Chairman of The Wine Advocate Fund for Philanthropy whose focus is to raise money for various types of cancer research (www.wineadvocatefund.org) which has benefited the Dana Farber Cancer Institute and Johns Hopkins Medical Center.