POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned officer and/or Trustee
of Spectra Fund, a Massachusetts business trust (the "Trust"), does hereby
constitute and appoint David D. Alger and Gregory S. Duch, or either of them,
the true and lawful attorneys and agents of the undersigned, with power of
substitution, to do any and all acts and things and execute any and all
instruments that said attorneys or agents, or either of them, may deem necessary
or advisable or which may be required to enable the Trust to comply with the
Securities Act of 1933, as amended (the "1933 Act"), the Investment Company Act
of 1940, as amended (the "1940 Act"), and the securities laws of the
jurisdictions in which securities of the Trust may be offered and sold, and any
rules, regulations or requirements of the Securities and Exchange Commission
("SEC"), or of the securities commission or agency of any such jurisdiction in
respect thereof, in connection with the registration of the Trust under the 1940
Act or the registration for sale of its securities under the 1933 Act, and the
registration and qualification of such securities under the securities laws of
any such jurisdiction, including specifically, but without limiting the
generality of the foregoing, the power and authority to sign, in the name and on
behalf of the undersigned officer and/or Trustee of the Trust (individually and
as such officer and/or Trustee), the Trust's registration statement on Form N-1A
and Notification of Registration on Form N-8A, any registration statement on any
other form adopted by the SEC or on the applicable form for any other
jurisdiction either respect to the Trust and its shares of beneficial interest,
to be filed with the SEC or the securities commission or other agency of any
such jurisdiction under either or both of said Acts or any other law or
regulation, any amendments or post-effective amendments of any of the foregoing,
any and all amendments and supplements to such amendments or post-effective
amendments, and any other instruments or documents filed as part of or in
connection with said registration statements, amendments or supplements; and the
undersigned does hereby ratify and confirm all that said attorneys or agents, or
either of them, shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents as of
this 9th day of May, 2000.
/s/ Lester L. Colbert, Jr.
----------------------------
Lester L. Colbert, Jr.
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On the 9th day of May, 2000, before me personally came Lester L. Colbert,
Jr., to me known to be the individual described in and who executed the
foregoing instrument, and he acknowledged to me that he executed the same.
/s/ ERIC SANDERS
---------------------------------
ERIC SANDERS
NOTARY PUBLIC, State of New York.
[Notarial Seal]
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned officer and/or Trustee
of Spectra Fund, a Massachusetts business trust (the "Trust"), does hereby
constitute and appoint David D. Alger and Gregory S. Duch, or either of them,
the true and lawful attorneys and agents of the undersigned, with power of
substitution, to do any and all acts and things and execute any and all
instruments that said attorneys or agents, or either of them, may deem necessary
or advisable or which may be required to enable the Trust to comply with the
Securities Act of 1933, as amended (the "1933 Act"), the Investment Company Act
of 1940, as amended (the "1940 Act"), and the securities laws of the
jurisdictions in which securities of the Trust may be offered and sold, and any
rules, regulations or requirements of the Securities and Exchange Commission
("SEC"), or of the securities commission or agency of any such jurisdiction in
respect thereof, in connection with the registration of the Trust under the 1940
Act or the registration for sale of its securities under the 1933 Act, and the
registration and qualification of such securities under the securities laws of
any such jurisdiction, including specifically, but without limiting the
generality of the foregoing, the power and authority to sign, in the name and on
behalf of the undersigned officer and/or Trustee of the Trust (individually and
as such officer and/or Trustee), the Trust's registration statement on Form N-1A
and Notification of Registration on Form N-8A, any registration statement on any
other form adopted by the SEC or on the applicable form for any other
jurisdiction with respect to the Trust and its shares of beneficial interest, to
be filed with the SEC or the securities commission or other agency of any such
jurisdiction under either or both of said Acts or any other law or regulation,
any amendments or post-effective amendments of any of the foregoing, any and all
amendments and supplements to such amendments or post-effective amendments, and
any other instruments or documents filed as part of or in connection with said
registration statements, amendments or supplements; and the undersigned does
hereby ratify and confirm all that said attorneys or agents, or either of them,
shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents as of
this 9th day of May, 2000.
/s/ Charles F. Baird, Jr.
------------------------------
Charles F. Baird, Jr.
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On the 9th day of May, 2000, before me personally came Charles F. Baird,
Jr., to me known to be the individual described in and who executed the
foregoing instrument, and he acknowledged to me that he executed the same.
/s/ ERIC SANDERS
---------------------------------
ERIC SANDERS
[Notarial Seal] NOTARY PUBLIC, State of New York.
<PAGE>
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned officer and/or Trustee
of Spectra Fund, a Massachusetts business trust (the "Trust"), does hereby
constitute and appoint David D. Alger and Gregory S. Duch, or either of them,
the true and lawful attorneys and agents of the undersigned, with power of
substitution, to do any and all acts and things and execute any and all
instruments that said attorneys or agents, or either of them, may deem necessary
or advisable or which may be required to enable the Trust to comply with the
Securities Act of 1933, as amended (the "1933 Act"), the Investment Company Act
of 1940, as amended (the "1940 Act"), and the securities laws of the
jurisdictions in which securities of the Trust may be offered and sold, and any
rules, regulations or requirements of the Securities and Exchange Commission
("SEC"), or of the securities commission or agency of any such jurisdiction in
respect thereof, in connection with the registration of the Trust under the 1940
Act or the registration for sale of its securities under the 1933 Act, and the
registration and qualification of such securities under the securities laws of
any such jurisdiction, including specifically, but without limiting the
generality of the foregoing, the power and authority to sign, in the name and on
behalf of the undersigned officer and/or Trustee of the Trust (individually and
as such officer and/or Trustee), the Trust's registration statement on Form N-1A
and Notification of Registration on Form N-8A, any registration statement on any
other form adopted by the SEC or on the applicable form for any other
jurisdiction with respect to the Trust and its shares of beneficial interest, to
be filed with the SEC or the securities commission or other agency of any such
jurisdiction under either or both of said Acts or any other law or regulation,
any amendments or post-effective amendments of any of the foregoing, any and all
amendments and supplements to such amendments or post-effective amendments, and
any other instruments or documents filed as part of or in connection with said
registration statements, amendments or supplements; and the undersigned does
hereby ratify and confirm all that said attorneys or agents, or either of them,
shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has subscribed these presents as of
this 9th day of May, 2000.
/s/ Roger P. Cheever
--------------------------
Roger P. Cheever
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On the 9th day of May, 2000, before me personally came Roger P. Cheever, to
me known to be the individual described in and who executed the foregoing
instrument, and he acknowledged to me that he executed the same.
/s/ ERIC SANDERS
---------------------------------
ERIC SANDERS
NOTARY PUBLIC, State of New York.
[Notarial Seal]
