Independent Director of the General Partner
Mr. Malcolm Randall Fobes is an Independent Director of United States Commodity Funds LLC, the General Partner of United States Natural Gas Fund, LP. since September 30, 2005. He was listed with the CFTC as a Principal of USCF since November 2005. Mr. Fobes is the founder, Chairman and Chief Executive Officer of Berkshire Capital Holdings, Inc., a Californiabased investment adviser registered under the Investment Advisers Act of 1940, that was sponsoring and providing portfolio management services to mutual funds since June 1997. Since June 1997, Mr. Fobes was the Chairman and President of The Berkshire Funds, a mutual fund investment company registered under the Investment Company Act of 1940. Mr. Fobes also serves as portfolio manager of the Berkshire Focus Fund, a mutual fund registered under the Investment Company Act of 1940, which concentrates its investments in the electronic technology industry. From April 2000 to July 2006, Mr. Fobes also served as coportfolio manager of The Wireless Fund, a mutual fund registered under the Investment Company Act of 1940, which concentrates its investments in companies engaged in the development, production, or distribution of wirelessrelated products or services. In these roles, Mr. Fobes has gained experience in evaluating and retaining thirdparty service providers, including custodians, accountants, transfer agents, and distributors. Mr. Fobes was contributing editor of Start a Mutual Fund The StepbyStep Reference Guide to Make It Happen
Age: 51 Director Since 2005Fobes holds a B.S. degree in Finance with a minor in Economics from San Jose State University in California.