Mr. Raney joined WR Hambrecht + Co in April of 1999 and has built the firmís Small Cap Quantitative Research effort, servicing small cap fund managers throughout the U.S. Prior to WRH+Co, Mr. Raney worked for the Union Bank of Switzerland in Singapore from 1993 to 1998. While in Asia, he worked in UBSís Equity Risk Management Department, performing trading and arbitrage strategies, including the management of the firmís $500 million Convertible Bond Arbitrage/Asset Swap portfolio. Mr. Raney managed UBSís effort in issuing long-term options on Southeast Asian equity indices and managed the hedging and market-making in this $100 million portfolio. He received his BA in Biochemistry (1992) from Bowdoin College with a minor in Economics.