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Proper evaluations should serve as a tool for making informed, objective decisions.

• Provides a standard evaluation on a consistent basis, and an impartial method of determining the need for an investment manager change.

• Compares investment managers' performance with your investment objectives and specific investment benchmarks, as well as other managers.

• Monitors the risk characteristics of your fund.

• Measures the risk-adjusted returns of your fund.

© 2004 Alpha Investment Consulting Group, L.L.C.
111 E. Kilbourn Avenue, Suite 1600, Milwaukee, WI 53202
Phone: (414) 319-4100 Email: info@alpha-investment.com