FEG Newsletter FEG Newsletter

AUGUST 2009

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Economic Update
Industrial production and housing developments provide optimism for investors.

Domestic Equity
August marked the first month the S&P 500 Index closed above 1000 since November 2008.

International Equity
China hinted at more restrictive capital requirements to quell the strong lending environment.

Fixed Income
The story of the year thus far, has been credit.

Real Estate Securities
Real estate investment trusts (REITs) outperformed the broad equity market.

Hedge Funds
Redemption pressure for the industry continues to ease.

MANAGER RESEARCH: IT’S NOT JUST PERFORMANCE

The process of investment manager research is an essential component of the advisory services we provide to our clients. While merely evaluating investment manager performance is straightforward, FEG’s approach to manager due diligence is multi-faceted and intensive, and our dedicated research team is a reflection of the significant value we place on our distinctive approach. The process of identifying high-quality managers who have integrity and passion for the business, with skills that are competitive and sustainable is the crux of our research efforts. Why is this important, one may ask?

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