Lipper Announces Research Appointments to Strengthen Capability in Mutual Fund, Hedge Fund and Multi-Asset Published and Customer-Tailored Research

Lipper Inc., the leading mutual fund research firm and subsidiary
of Reuters, today announced research appointments to boost the
company's overall research capability, steering it towards more
customer-tailored research and the development of new research areas,
such as hedge fund and multi-asset research. This announcement comes
on the heels of the appointment of Dr. Gabriel Burstein, an ex-HSBC,
Daiwa, and Goldman Sachs global macro, multi-asset, and hedge fund
investment strategist, as Lipper's Global Head of Research. Senior
appointments will be reporting directly to Dr. Burstein.

Mutual Funds

Andrew Clark has been appointed Head of Research for Lipper
Americas. Previously, Clark served as Senior Research Analyst working
on quantitative analysis and Lipper Leaders, Lipper's
investor-centered ratings system for mutual funds.

Hank Turowski and Heesuk Jang have been appointed Quantitative and
Methodology Research Analysts. Dr. Mark Labovitz has been appointed
Research and Development Analyst. All positions will be located in
Denver, CO and will report to Clark.

Nathaniel Chua has been appointed Senior Research Analyst in
Singapore reporting to Head of Asia Research, Kenneth Koh.

Hedge Funds

Aureliano Gentilini has been appointed Global Head of Hedge Fund
Research based in Rome. This is a new role within Lipper, aiming to
put the company on the hedge fund research map and using its
experience in mutual fund research to develop published and
customer-tailored hedge fund research.

Ferenc Sanderson, from Lipper Hedgeworld, an ex-Daiwa alternative
investment research analyst and specialist in Japan, has been
appointed Senior Research Analyst in New York, providing hedge fund
research as well as mutual fund analysis.

Multi-Assets

Marc Gerstein and Ashwani Kaul have been appointed Multi-Asset
Research Analysts in New York to help develop a new multi-asset
research product, both fundamentally as well as top down macro, based
on Reuters Company and Economic Data. Gerstein was previously Director
of Investment Research for Multex and Kaul was Senior Market Analytics
Research and Attribution Analyst for Reuters Estimates.

Commenting on these new appointments, Dr Burstein said, "I'm very
much looking forward to working with my new colleagues. Lipper has
access to a treasure trove of fund data, and we shall be working
closely with our clients to provide them with exclusive and
distinctive research on mutual fund, hedge fund, and multi-asset
levels tailored specifically for their needs."

About Lipper Inc.

Lipper, a wholly-owned subsidiary of Reuters, provides independent
insight on global collective investments including mutual funds,
retirement funds, hedge funds, fund fees and expenses to the asset
management and media communities. Covering over 143,000 share classes
and over 75,000 funds domiciled in 59 countries, Lipper is the world's
leading fund research and analysis organisation. It provides the free
Lipper Leader ratings for mutual funds registered for sale in 20
countries. Additional information is available at www.lipperweb.com.