James River Capital Corp. ("James River") located in Richmond, Virginia, was founded in 1986 as KP Futures Management Corp. and served as the alternative investment department of Kidder, Peabody & Co., Inc. ("Kidder"). James River became an independent investment firm in 1995, when Paul Saunders, a senior officer in the department, acquired the business from Kidder, concurrent with the acquisition of Kidder by Paine Webber. James River is registered as an Investment Advisor with the SEC.