From: Institutional Investor Daily Sent: Thursday, May 3, 2012 2:25 PM To: [email protected] Subject: A Modest Few Years for the Cautious Richard Perry chttp://projectsline.com/iimag/images=x.gif> <http://ems.euromoney.com/ems/r.asp?clndex=647590&=Index=1253463568&hurl=http%3A//www.institution alinvestor.com> =!-- Newsletter Title -->Institutional Investor Daily Thursday= May 3, 2012 <=TBODY> <http:/=projectsline.com/iimag/images/x.gif> </=R> On InstitutionalInvestor.com today: <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: Opx; MARGIN: Opx; PADDING-LEFT: 0px; PADDING-RIG=T: Opx; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=647590&mlndex=1253463568&hurl=htt=%3A//www.institutionali nvestor.com/Article/3021826/A-Modest-Few-Years-f=r-the-Cautious-Richard-Perry.html">A Modest Few Years for the Cautious =ichard Perry Global stock markets m=y have surged in the first quarter, generating their second straight double=digit quarterly gains, but Richard Perry barely participated... =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Arial, Helvetica, Verdana; COLOR: #5983aa; FONT-SIZE: =2px; TEXT-DECORATION: underline; PADDING-TOP: Opx" href="http://ems.eur=money.com/ems/r.asp?clndex=647590&mlndex=1253463568&hurl=http%3=//www.institutionali nvestor.com/Article/3021826/A-Modest-Few-Years-for-=he-Cautious-Richard-Perry.html">Read the full story at institutionalinv=stor.com. <http://projectsline.com/iimag/images=x.gif> <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: Opx; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=647590&mlndex=1253463568&hurl=htt=%3A//www.i