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Investor Newsletter
Managed Account Strategies - March 2008


Ben Bernanke, Man of the Year?

This has been a remarkable few weeks. I don't need to go to the gym to get my heart racing. As I am writing this message, we seem to have, once again, tested the lows and recovered, this time with a lot of help from the Fed.

Continued in MESSAGE FROM THE CEO (right column) > > > >

Inside this Issue
  • MESSAGE FROM THE CEO
  • (1) New Web Site!
  • (2) Webinar - Fred Alger's Zachary Karabell, April 23
  • (3) Manager Profile - Roosevelt Investment All Cap Core

  • (1) New Web Site!


    We have completely redesigned our web site. Now you have access to more information about our commitment to crafting custom, diversified portfolios and to finding you the right money managers to help you achieve your investment goals.

    The new web site offers many enhancements, including:

    Receive a complementary money manager check-up and/or investment proposal today!


    (2) Webinar - Fred Alger's Zachary Karabell, April 23


    On Wednesday April 23, join us when Zachary Karabell, Executive Vice President and Chief Economist for Fred Alger Management, and Gabriel Burczyk, CEO of WrapManager, will discuss The iPhone and Sub-Prime Economy.

    Mr. Karabell is a regular commentator on national news programs, such as CNBC, CNN and Fox News. He offers unique insight into the economic conditions driving this market. We hope you will join us, and encourage you to invite a friend. Space is limited, reserve your spot now.


    (3) Manager Profile - Roosevelt Investment All Cap Core


    In times of market volatility, as we have seen recently, managers who have the flexibility to move part of their portfolio into cash or even short positions can be attractive for some investors. The Roosevelt All Cap Core strategy has been a consistent top quartile performer which can take defensive positions when management deems it appropriate.

    This strategy looks across all capitalizations and styles, and focuses on themes that its managers believe will outperform the market as a whole. These themes are always under evaluation and currently include such trends as agricultural expansion, the global infrastructure boom and alternative energy.


    The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). If performance numbers are generated gross of fees, a client's return will be reduced by investment advisory fees and any other expenses. Opinions expressed are those of WrapManager, Inc. and are subject to change without notice and are not necessarily those of Prospera Financial Services, Inc. its directors, parent company or its affiliates. Securities offered through Prospera Financial Services and cleared through First Clearing, LLC. Prospera Financial Services - Member FINRA/SIPC.


    MESSAGE FROM THE CEO

    The collapse of Bear Stearns rocked the market, but the crisis has caused the Fed to step in and address the liquidity issues that have driven a lack of confidence in financial institutions. This lack of confidence has had a growing negative influence on the market since December.

    The recent actions taken by the Fed are different from their usual reaction of simply cutting interest rates. They have provided real sources of liquidity to firms with too much cash tied up in subprime loans and derivatives that have proven difficult to value or sell.

    More from the CEO
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