Market Overview

Dov Lando Joins Crawford Lake Capital Management as General Counsel and Chief Compliance Officer

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– Industry Veteran Brings More Than Two Decades of Legal and
Compliance Experience in the Alternative Asset Management Space –

– New Hire Reflects Firm's Ongoing Commitment to Growth and
Development –

Crawford Lake Capital Management, LLC ("Crawford Lake"), an investment
management firm that specializes in trading-oriented long/short equity
strategies, today announced the appointment of Dov Lando as General
Counsel and Chief Compliance Officer. Mr. Lando joins from MKP Capital
Management LLC, where he spent six years as General Counsel with
responsibility for managing global legal and compliance operations. At
Crawford Lake, Mr. Lando will oversee all legal, regulatory and
compliance matters, while also working with the firm's executive
committee on strategic initiatives.

"Dov is the perfect person to lead Crawford Lake's legal and compliance
functions as we continue to grow and evolve," said Jeff Schachter,
President and Chief Operating Officer. "His experience building and
managing teams that have served the needs of respected institutions is
extremely complementary to our go-forward vision. We are very pleased to
have an individual of Dov's caliber joining our firm."

Prior to his six years at MKP Capital, Mr. Lando was General Counsel at
Arden Asset Management LLC, and before that he was Assistant General
Counsel at American International Group (NYSE:AIG). He began his career
at Schulte Roth & Zabel LLP, where he advised a diverse client base on
various hedge fund and investment management issues.

"It is very exciting to be joining Crawford Lake after seeing the firm's
impressive growth over the past few years," said Mr. Lando. "I
appreciate the confidence that Isaac, Jack and Jeff have placed in me.
They have built a tremendous firm with a differentiated investment
philosophy and platform, and I am proud to be joining the team."

In his newly created role, Mr. Lando will report to Mr. Schachter. His
appointment is effective immediately.

About Crawford Lake

Founded in 2006, Crawford Lake Capital Management, LLC is a
privately-held investment management firm that specializes in
trading-oriented long/short equity strategies. The firm's investment
team, which is led by Co-Portfolio Managers Isaac Markowitz and Jack
Herzka, presently manages close to $800 million in assets on behalf of a
diverse group of public institutions, private entities and qualified
individual clients. For additional information, please visit https://www.crawfordlakecapital.com.

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