<table><tr><th>From:</th><th>Institutional Investor Daily</th></tr><tr><td>Sent:</td><td>Wednesday, July 25, 2012 6:31 PM</td></tr><tr><td>To:</td><td>jeeproject@yahoo.com</td></tr><tr><td>Subject:</td><td>Index Shows French and German Output Sliding Fast</td></tr></table>

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<http://ems.euromoney.com/ems/r.asp?cIndex=691232&=Index=1276515953&hurl=http%3A//www.institutionalinvestor.com> =!-- Newsletter Title -->Institutional Investor Daily
Wednesday, July 25, 2012
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On InstitutionalInvestor.com today:
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href="http://ems.=uromoney.com/ems/r.asp?cIndex=691232&mIndex=1276515953&hurl=htt=%3A//www.institutionali
nvestor.com/Article/3066403/Index-Show-French-a=d-German-Output-Sliding-Fast.html">Index Shows French and
German Output=Sliding Fast

Euro zone's core eco=omies unable to keep region out of recession, according to closely watched =anufacturing index.

Read the fu=1 story at institutionalinvestor.com.
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tor.com/Article/306=403/Index-Show-French-and-German-Output-Sliding-Fast.html>
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href="http://ems.=uromoney.com/ems/r.asp?cIndex=691232&mIndex=1276515953&hurl=htt=%3A//www.institutionali
nvestor.com/Article/3066331/Oaktree-Hires-Julio-=errera-for-Emerging-Market-Opportunities.html">Oaktree Hires
Julio Herr=ra for Emerging Market Opportunities

At Oaktree Capital Gro=p, Julio Herrera is looking to build out a business that will outlast him.=/P>Read the full story a= institutionalinvestor.com.
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href="http://ems.=uromoney.com/ems/r.asp?cIndex=691232&mIndex=1276515953&hurl=htt=%3A//www.institutionali
nvestor.com/Article/3064982/UKs-Ashmore-Group-Ai=s-to-Deepen-Emerging-Market-Presence.html">U.K.'s Ashmore
Group A=ms to Deepen Emerging Market Presence

Publicly traded money-=anagement firm specializing in debt sees assets in developing world rising =n next five years from almost $70 billion to more than $100 billion.

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