FIRM: 3^rd 28 total team positions
ABS/Real Estate (Structured Products) - Rod Dubitsky, First Team

Chemicals (High Yield) - David Troyer, First Team
Consumer Products (Investment Grade) - Filippe Goossens, First Team

Distressed (High Yield) - Daniel Moses, First Team
Manufacturing/General Industrials (High Yield) - Thomas Klamka, First Team

Metals & Mining (High Yield) - Bruce Klein, First Team
Paper & Forest Products (High Yield) - Bruce Klein, First Team

Real Estate Investment Trusts (Investment Grade) - Thierry Perrein, First Team

Retailing (Investment Grade) - Filippe Goossens, First Team

Services (High Yield) - Lawrence Taylor, First Team

Telecom (High Yield) - Pat Dyson, First Team

Broadcasting & Publishing (High Yield) - Robert Kricheff, Second Team

General Strategy (Strategy) - Jonathan Wilmot & team, Second Team

Sovereigns & Economics (Emerging Markets) - Lacey Gallagher & team, Second Team

Strategy & Economics (High Yield) - Sam DeRosa-Farag, Second Team

Building (High Yield) - Lawrence Taylor, Third Team

Corporate Credits (Emerging Markets) - Jamie Nicholson-Leener & team, Third Team

Distressed (High Yield) - Evan Ratner, Third Team

Electric Utilities (High Yield) - Mitchell Spiegel, Third Team

Energy (High Yield) - Adam Leight, Third Team

General Strategy (Strategy) - Dominic Konstam & team, Third Team

Media & Entertainment (Investment Grade) - Robert Schiffman, Third Team

Retailing (High Yield) - Christina Boni, Third Team

Telecom Services (Investment Grade) - Robert Schiffman, Third Team

U.S. Government (Strategy) - Dominic Konstam & team, Third Team

ABS/Other (Structured Products) - Rod Dubitsky, Runner-up

Cable & Satellite (High Yield) - Robert Kricheff, Runner-up

Manufacturing/Automotive Suppliers (High Yield) - Adam Plissner

Runner-up Media & Entertainment (Investment Grade) - Robert Schiffman, Runner-up

Technical Analysis (Strategy) - David Sneddon & team, Runner-up

FIRM: 1^st with eight total team positions

Banking & Financial Services - Roberto Attuch, First Team

Economics - Nilson Teixeira, First Team

Natural Resources - Luiz Mann, First Team

Telecommunications Services - Andrew T. Campbell, First Team

Equity Strategy - Marcelo Kayath, Third Team

Chemicals & Oil - Emerson Leite, Runner-up

Consumer Goods - Tufic Salem, Runner-up

Electric & Other Utilities - Emerson Leite, Runner-up

FIRM: 4^th with 9 team positions

Financial Institutions - Roberto Attuch & team, First Team

Brazil - Marcelo Kayath & team, Second Team

Oil, Gas & Petrochemicals - Emerson Leite & team, Second Team

Aerospace & Transportation - Emerson Leite & team, Third Team

Cement & Construction - Marcelo Telles & team, Third Team

Electric Utilities - Emerson Leite & team, Third Team

Metals & Mining - Luiz Mann & team, Third Team

Pulp & Paper - Luiz Mann & team, Runner-Up

Telecommunications - Andrew Campbell & team, Runner-Up

FIRM: 2^nd with 16 team positions

Consumer - Marisa Ho & team, First Team

Malaysia - Stephen Hagger & team, First Team

Thailand - Sarinee Sernsukskul & team, First Team

Equity Strategy - Stewart Paterson & team, Second Team

Hong Kong - Victor Kwok & team, Second Team

Telecommunications - Edison Lee & team, Second Team

Media - Marisa Ho & team, Third Team

Property - Victor Kwok & team, Third Team

Technology/IT Services & Software - Ashis Kumar & team, Third Team

China - Vincent Chan & team, Fourth Team

Power (electric, gas, water) - Angello Chan & team, Fourth Team

Singapore - Ernest Fong & team, Fourth Team

Taiwan - Sherry Lin & team, Fourth Team

Technology/Semiconductors - Ashis Kumar & team, Fourth Team

Transportation - Peter Hilton & team, Fourth Team

Metals & Mining (including steel) - The Team, Fifth Team

FIRM 3^rd: with 25 team positions

Beverages, First Team

Media, First Team

Pharmaceuticals, First Team

Telecom Services, First Team

Aerospace & Defense, Second Team

Insurance, Second Team

Technology/Telecom Equipment, Second Team

Building & Construction, Third Team

Chemicals, Third Team

Equity Derivatives, Third Team

Equity Strategy, Third Team

Leisure & Hotels, Third Team

Oil & Gas, Third Team

Retailing (Food), Third Team

Retailing (General), Third Team

Technology/Software, Third Team

Tobacco, Third Team

Utilities, Third Team

Biotechnology, Fourth Team

Food Producers, Fourth Team

Medical Technologies & Services, Fourth Team

Swiss Research, Fourth Team

Accounting & Valuation, Fifth Team

Autos & Auto Parts, Fifth Team

Transport, Fifth Team

FIRM: 2^nd with 20 team positions

Technology/Semiconductors, First Team

Telecommunications Equipment, First Team

Aerospace & Defense, Second Team

Emerging Markets/Strategy & Economics, Second Team

Equity Strategy, Second Team

Media, Second Team

Asset Allocation, Third Team

Economics, Third Team

Food Producers, Third Team

Pharmaceuticals, Third Team

Technology/Hardware, Third Team

Autos & Auto Parts, Runner-up

Beverages, Runner-up

Capital Goods, Runner-up

Chemicals, Runner-up

Household & Personal Care Products, Runner-up

Pulp & Paper, Runner-up

Retailing, Runner-up

Technology/Software, Runner-up

Telecommunications Services, Runner-up