Marc L. Baum Joins Offit Capital Advisors as General Counsel and Partner

NEW YORK, March 30 /PRNewswire/ -- Offit Capital Advisors LLC announced today
the appointment of Marc L. Baum as General Counsel and Partner.

Prior to joining Offit Capital Advisors, Mr. Baum, 50, was a Managing
Director, the General Counsel and Chief Compliance Officer for Ramius LLC, a
global alternative investment firm, which followed his role as Chief Operating
Officer and General Counsel for The Seaport Group. Seaport was formed in the
broker dealer subsidiary of the IPO Group where Mr. Baum served as the CEO and
which published the IPO.com web site.

Previously, Mr. Baum served as the Chief Legal Officer and Managing Director
for compliance at T.D. Securities/The Toronto-Dominion Bank. Before T.D., Mr.
Baum practiced capital markets law at J.P. Morgan Securities, Merrill Lynch
and Salomon Brothers. Mr. Baum began his legal career as an associate at
Fried, Frank, Harris, Shriver and Jacobson.

Mr. Baum is a frequent speaker on hedge fund topics and is an active member of
the Managed Funds Association where he serves on the steering committees for
the Hedge Fund Advisory Committee and the General Counsels' Forum. In
addition, Mr. Baum is a Trustee of American Jewish World Service, a Director
of The NASDAQ Stock Market Educational Foundation, Inc., and a member of the
Board of Advisors of Advantage Communications.

Mr. Baum received his B.A. magna cum laude from Harvard College, earned his
M.Sc. from The London School of Economics and received his J.D. from the
University of Chicago Law School. He is a member of the New York State Bar
and has Series 7, 24 and 63 licenses.

About Offit Capital Advisors

Offit Capital Advisors LLC is an independent SEC-registered investment
advisory firm with a deliberate focus on building global, multi-asset class
investment portfolios for families and non-profit institutions. As of December
31, 2008, the firm had assets under supervision of $ 4.0 billion. For more
information, visit http://www.offitcapital.com.

Contact: Tricia Garland at (212) 588-3258 or tgarland@offitcapital.com.

SOURCE Offit Capital Advisors LLC

Tricia Garland, +1-212-588-3258, tgarland@offitcapital.com