ONE-ON-ONE WEEKLY calls with Larry McDonald covering political risk and market outlook WEEKLY Conference Calls with Larry McDonald and one of our analysts, covering Latin America, Puerto Rico, Fed / ECB meetings, European political risk, ChinaвЂ™s Systemic Risk and opportunities, and weekly market outlook. Short and Long Term Equity Trade StrategiesД¬lient Events and Meetings with Larry McDonald and Our Analysts Short and Long Term Credit Trade Strategies Weekly Credit Market Overview, Covering High Yield Investment Grade and Sovereign Government Bonds Medium to Long Term Equity Asset Allocation Strategies ItвЂ™s the best cross-asset overview out there.вЂќ Anshu Goyal, Hedge Fund Manager, Exoduspoint The Bear Traps institutional client chat on Bloomberg is one of the very finest on Wall St., adds a lot of value. Bear Traps provides a unique overview of global political risks, which are moving markets like never before.' Robert Behan, President, Calamos Investments Larry McDonald give the keynote speech at our financial advisor risk summit. I highly recommend his research to any institutional investor.' Jim Rappaport, CEO, New Boston Fund The 21 Lehman Risk Indicators have been very accurate at calling market declines over the last couple of years. Larry McDonald and his team have been advising me for over 20 years. Our confidence investing clients' capital is enhanced meaningfully with them in my corner.' Jack Corbett, Morgan Stanley It puts global market risks into perspective - every week. The Bear Traps report is the most concise, advanced research platform we've seen. He might very well be a market genius.' J Madejski, Founder, Auto-Trader I don't touch the markets without a long phone call with Larry (Bear Traps founder). The Bear Traps Report is a stand out among its research peers' Bobby Dziedziech, Managing Director Jefferies International Limited I worked with Larry at Lehman and he is both a very good person and a talented trader. It gives me conviction when speaking to my clients about the macroeconomic landscape and how weвЂ™ve positioned their portfolios.' Shiraz Ahmed, Raymond James With the overload sell-side research itвЂ™s easy to sort through the noise using Bear Traps. It gives us a 20,000 foot view of global risk coming at us from markets, Bear Traps is excellent.' Omeir Jilani, National Bank of Abu Dhabi One of the most comprehensive perspectives, a look across all asset classes. YouД«lend macro with micro, using both induction and deduction in your cross asset, cross signal analysis.вЂќ Tom Kurtz, Family Office My portfolio is up by a good portion but what is more important to me is that I have learned so much and your work has done much more in that process than you can imagine.' Max Plate, Plate Active EquityДЄfter reading your daily (Bear Traps Institutional Chat Recaps) for a couple months, I can say I think you do the most value added actionable work I've ever seen after nearly 30 years of consuming research. IвЂ™ve learned quite a lot over the past year and especially during this turbulent time in the past weeks your publications have helped a lot. The Bear Traps Report provides a unique look at risk management, a value added perspective across all asset classes.' Rene J Canezin, Harvard Management Company I am an avid reader of Bear Traps, it's a must read' Niall Ferguson, Senior Fellow, the Hoover Institution

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