Paul Alar
Director

Since October of 2002, Mr. Alar, as the principal of West Mountain, LLC, has been managing West Mountain Partners, L.P. an Atlanta based multi-strategy, multi-manager, fund-of-funds. He also manages West Mountain, Ltd., a British Virgin Islands corporation, which serves as an offshore fund for non-US investors and retirement plans and is a sister fund to West Mountain Partners, L.P. Twice in the last eight years, West Mountain Partners, LP was ranked the best performing fund of funds in the world in its category. West Mountain’s most recent offering is the West Mountain Tactical European Finance, SPV which invests solely into Interritus Limited, a London-based company that invests in and restructures troubled Eurozone financial companies, particularly banks.

Mr. Alar has been in the investment business since 1982. He was employed by Bear Stearns & Co. for twelve years where he managed risk arbitrage portfolios for institutional and private clients and was appointed Senior Managing Director in 1993. Mr. Alar was also a Senior Vice President at Oppenheimer & Co. where he worked extensively with the firm’s Alternative Asset Group and served on the firm’s Broker Advisory Board. In 1999, he joined Deutsche Banc as a Director and was responsible for introducing Domestic Private Placement Insurance to the firm as a strategy for making hedge fund investments more tax efficient.

Mr. Alar is a graduate of East Carolina University, and previously served on the Advisory Counsel of its School of Business. Mr. Alar also studied Advance Portfolio Management at the Wharton School of Business.

 

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Mr. John W. “Jack” Carter
Director

Mr. Carter has been on the Board of Directors of GAC since 2012. He brings his multinational, geopolitical experience to GAC as it expands worldwide. Since 2007, he has served in various capacities, primarily focused on international opportunities, with SGS Asset Management including as Vice-Chairman. In 1998, Mr. Carter along with his wife, Elizabeth, co-founded an investment company which introduced multinational corporations to premier private equity investment firms; that formation led to their development of a global network. Later, they co-founded Carter Global LLC which they currently own and operate. Mr. Carter entered the commodities markets in 1977 and has experience in farming and grain markets; he ran the financial futures desks for both Continental Bank and Archer Daniels Midland at the Chicago Board of Trade; and he was a foreign exchange dealer with Citibank and the Bank of Bermuda (now, HSBC) where he was also Director of Research and Product Development for Global Treasury. In that position he developed a “Currency Overlay Product” for the bank, a hedging vehicle for persistent currency exposure. In the mid-1990s he worked with Invesco Capital Management as their representative to Bermuda’s international community of banks, captive insurers, and reinsurers and was the Secretary of the Global Asset Allocation Committee. In 2006, Mr. Carter was the Democratic Nominee for the U.S. Senate in Nevada. He also campaigned extensively in 1975-6 for his father, Jimmy Carter, for President. He is currently a Senior Advisor to Brown Gibbons Lang & Company an independent investment banking firm in Cleveland, OH, and a Director of Alternative Petroleum Technologies, a developer of emulsion and oxidative desulfurization products. Mr. Carter has a BS in Physics from Georgia Tech and a JD from the Lumpkin School of Law at the University of Georgia where he is a member of the Bar. From 1968-1970, Mr. Carter was an Electronics Technician in the United States Navy with a tour in Vietnam.

 

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Mr. Steve G. Stevanovich
Director

Mr. Steve Stevanovich is the founder, President, and CEO of SGS Global Holdings which holds control investments in a number of technology companies in various industries. He has over 30 years of experience in international investing and has been involved with Groen Aeronautics Corp and its predecessor companies since 2000. In 2012 Mr. Stevanovich led the $210 million reorganization of Groen Brothers Aviation Inc., a predecessor company, into what ultimately became Groen Aeronautics Corp. Mr. Stevanovich is a member of the Board of Governors of the U.S. Department of Energy’s Argonne National Laboratory, the oldest and largest of the U.S. national labs. He is a member of the University of Chicago Board of Trustees where he sits on a number of committees, including the University’s Audit Committee. He serves on the Board of Advisors to the University’s Master of Science Program in Financial Mathematics and on the Council of the Booth School of Business. Prior to founding his own firm in 1997, Mr. Stevanovich was the Executive Vice President of Everest Capital Limited, a $1.4 billion fund management firm. During his five years at Everest Capital, the firm’s funds specialized in investments in distressed companies and restructurings. Prior to joining Everest Capital, he had more than seven years of experience in corporate finance and investment banking, most recently at Ingoldsby, O’Connor, Altwell & Company, a leveraged buyout firm in Boston, Massachusetts, where he was involved in analyzing and valuing companies in various industries and negotiating the capital structure and pricing of various transactions. In 2007 he endowed the Stevanovich Center for Financial Mathematics, and in 2015 he endowed the Stevanovich Institute on the Formation of Knowledge. Mr. Steve Stevanovich holds an AB in Economics from the University of Chicago as well as an MBA from the University’s Booth School of Business.

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