Rorer Asset Management, LLC




	On January 6, 1999, Rorer Asset Management, LLC (Rorer), became an affiliate of Affiliated Managers Group, Inc. (AMG), an asset management holding company whose stock is listed on the New York Stock Exchange.

	AMG is a Massachusetts-based holding company which makes equity investments in mid-sized investment management firms. AMG's strategy is to generate growth through investments in new affiliates, as well as through the internal growth of existing affiliated firms.

	Rorer’s partnership gives AMG a majority interest while the senior management team of Rorer continues to control a significant interest. The affiliation allows Rorer to remain autonomous with its investment decisions, policies and procedures.

	For more information on AMG, please visit www.amg.com



	In January 2005, Managers Investment Group (“Managers”) was created as an independently-managed subsidiary of Affiliated Managers Group, Inc. This organization will create, distribute and service separate account, mutual fund and structured products through intermediaries, primarily in segments of the high net worth marketplace. Managers will combine the high quality distribution, operational and account management capabilities of three AMG affiliates: Rorer, The Managers Funds, and Portfolio Services Group. Rorer’s contribution to Managers will be its regional sales team as well as the Advantage Outsourcing Solutions subsidiary and certain other operational areas.

	For more information on Managers Investment Group, please visit www.managersinvest.com