Bill Kaelin is a Managing Member of K & M Trading, LLC, a commodity trading advisor registered with the Commodity Futures Trading Commission (CFTC). He is also a principal of McVean Trading & Investments, LLC (“McVean”) and a member of its Board of Governors. He was registered with the CFTC as an associated person of McVean from November 1991 until August 2013. Together with Steve Morrissey, he manages clients’ accounts using a balanced approach between the financial markets and meat and grain markets. Before joining McVean, Bill worked for Citicorp in the asset and liability management and corporate finance departments. While at Citicorp, he completed its management associate program and obtained in-depth knowledge of both the cash and derivative fixed-income product markets. Bill holds a bachelor’s degree from Southern Methodist University and earned an M.B.A. in finance from the Owen Graduate School of Management at Vanderbilt University. Bill is a member of the Beta Gamma Sigma Honorary Business Society.