Mr. Elan is a Co-Manager of the Emerald Small Cap Value and SMID Cap Value portfolios. He previously was Managing Director and Portfolio Manager of Elessar Investment Management. He was hired in 2004 as an equity analyst on the small cap value team managed by Mr. Giesen at National City Bank. Prior to joining National City Bank, he was a financial analyst and chemical engineer at Air Products and Chemicals, Inc. Mr. Elan received a B.S. degree in chemical engineering from the City College of New York in 1991 and an MBA from the Tepper School of Business at Carnegie Mellon University in 2003.