Evan Smith joined U.S. Global Investors Inc. in 2004 as co-portfolio manager of the Global Resources Fund (PSPFX). Previously, he was a trader with Koch Capital Markets in Houston, where he executed quantitative long-short equities strategies. He was also an equities research analyst with Sanders Morris Harris in Houston, where he followed energy companies in the oil and gas, coal mining and pipeline sectors. In addition, he was with the Valuation Services Group of Arthur Andersen LLP. Mr. Smith holds a Bachelor of Science degree in mechanical engineering from the University of Texas in Austin.