Ferro Capital Named “Best Specialist Provider of Hedge Fund Investments” for Germany in Euromoney Survey

New York, March 24, 2004 — Ferro Capital LLC has been named “Best Specialist Provider of Hedge Fund Investments” for Germany in the Euromoney private banking survey for 2004, confirming the firm’s leadership position in the burgeoning German market.

The Euromoney 2004 Private Banking Survey was based on a combination of comprehensive questionnaires and peer assessments from private banks to provide a combined qualitative and quantitative review of the best service providers in private banking, organized by region and by areas of service. The approximately 1000 companies in the private banking sector surveyed were asked to nominate one or two peers that they rated the most highly in a range of service categories. Approximately 70% of the companies surveyed provided peer assessments.

Kevin Ferro, Chief Executive Officer and Chief Investment Officer of Ferro Capital, said “winning the Euromoney award for ‘Best Specialist Provider of Hedge Fund Investments’ in Germany is a great honor and reflects the firm’s commitment to offering objective and independent portfolio management with an exclusive focus on delivering the best risk-adjusted returns possible for its clients, as well as our longstanding relationship with the fast-growing German market.” Mr. Ferro’s extensive involvement in the German hedge fund market includes the creation in early 2000 of the first German hedge fund certificate while acting as his prior firm’s Global Head of Alternative Investments.

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