Johann Wolf,

Chief Operating Officer

Johann Wolf joined VIS Advisors in September 2014. Prior to joining VIS Advisors, he was Head of Fund Administration for Ramius Alternative Solutions LLC, a Cowen Group Company. During his five years at Cowen in New York, he integrated the previously European based back office into its New York operations . Further he managed the evolution of a traditional Fund of Funds accounting and administration to a multi-billion dollar Hedge Fund business. Before relocating to New York in 2009, Mr. Wolf headed accounting and operations for Ramius GMBH in Austria. Mr. Wolf started at HVB Alternative Investments AG, Member of Unicredit Group as Controller/Vice President in 2001.

Mr. Wolf holds a Bachelor of Science, with a dual major in Finance and Accounting, from FHWien University of Applied Sciences in Austria.

Tomoyuki Izumi,

Founder and Portfolio Manager

Tomo Izumi is a native Japanese. He founded VIS Advisors and Takumi Capital Management in 2014. He started his value investment career at Equinox Partners in NY in 2008. He initially covered solely Japanese market and then expanded his coverage to other north Asian countries including China, Korea and Taiwan.

Prior to joining Equinox Partners, he has over nine years of management consulting experience at Accenture and Roland Berger in Tokyo. In his later years at his consulting career, he specialized in growth strategy and M&A strategy.

Mr. Izumi holds a BA in Business from Hitotsubashi University and an MBA from Columbia Business School.

Takumi Capital Management, LP