Capital Market Updates (Quarterly)

• 1st Quarter 2008
• 4th Quarter 2007
• 3rd Quarter 2007
• 2nd Quarter 2007
• 1st Quarter 2007

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Shields Recent Conference Presentations April 2008: Target Date Funds – Optimal benchmarks April 2008: Infovest21's - Institutional Due Diligence on Hedge Funds, Multi-Strategy Funds and Funds of Funds March 2008: Transition Management and the T-Charter