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Fourth Quarter 2009 Tax-Exempt Muni Bond Market Review Jan 15, 2010

Fourth Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* Fourth Quarter 2009 Fixed Income Return Per Unit of Duration* *as of 12/31/2009 Source: Barclays Capital Market Review The…

Fourth Quarter 2009 Fixed Income Market Review Jan 15, 2010

Fourth Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* Fourth Quarter 2009 Fixed Income return per unit of Duration* *as of 12/31/2009 Source: Barclays Capital Market Review In the fourth…

Fourth Quarter Global Listed Infrastructure Portfolio Review Jan 15, 2010

Portfolio Review For the quarter ended December 31, 2009, our Composite posted a positive absolute return and outperformed the benchmark on both a gross and net of fee basis. Stock selection across…

Fourth Quarter U.S. REIT Securities Portfolio Review Jan 15, 2010

Market Environment U.S. REITs and the Portfolio had a strong fourth quarter as the credit markets, capital availability, and macro-economic trends continued to improve. In addition, volatility…

Fourth Quarter International Real Estate Securities Strategy Jan 15, 2010

Market Environment During the fourth quarter financial markets received a not so subtle reminder that the road to recovery will continue to be a bumpy one when Dubai World, a government controlled…

Third Quarter 2009 Tax-Exempt Muni Bond Market Review Oct 15, 2009

Third Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* Third Quarter 2009 Fixed Income Return Per Unit of Duration* *as of 9/30/09. Source: Barclays Capital. The municipal bond market…

Third Quarter 2009 Fixed Income Market Review Oct 15, 2009

Third Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* Third Quarter 2009 Fixed Income return per unit of Duration* *as of 9/30/09 Source: Barclays Capital Market Review In the third…

Second Quarter Global Listed Infrastructure Product Jul 15, 2009

Portfolio Review Our defensive position was a detractor to performance for the quarter ended June 30, 2009. Given the economic environment, we maintained defensiveness in both utilities and…

Second Quarter 2009 Tax-Exempt Muni Bond Market Review Jul 15, 2009

First Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* First Quarter 2009 Fixed Income Return Per Unit of Duration* *As of 06/30/09. Source: Barclays Capital The municipal bond market is…

Second Quarter 2009 Fixed Income Market Review Jul 15, 2009

Second Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* Second Quarter 2009 Fixed Income return per unit of Duration* *As of 06/30/09. Source: Barclays Capital In the second quarter of…

First Quarter 2009 Fixed Income Market Review Apr 15, 2009

First Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* First Quarter 2009 Fixed Income return per unit of Duration* *As of 03/31/09. Source:…

First Quarter 2009 Tax-Exempt Muni Bond Market Review Apr 15, 2009

First Quarter 2009 Fixed Income Sector Returns (Pre-Tax)* First Quarter 2009 Fixed Income Return Per Unit of Duration* *As of 03/31/09. Source:…

News & Updates