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| ING Clarion Capital, LLC |
230 Park Avenue, 12th Floor
New York, NY 10169
www.ingclarion.com
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9009784
212 883-2500
FAX: 212 883-2700
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| Firm Category: Independent Real Estate Advisor |
| Affiliate/Subsidiary: | Affiliate of ING Real Estate |
| General Email: | ingclarion.clientservice@ingclarion.com |
# of Professional Employees: | 35 |
| SEC Federal File #: | 801-55296 |
Federal Registration Date: | 2/27/1998 |
| Firm is registered with SEC: | Y | | |
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| Assets under Management |
Assets |
# of Clients |
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| Tax-Exempt |
$1,788,445 |
16 |
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| Taxable |
$3,280,263 |
24 |
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| Total |
$5,068,708 |
40 |
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| 13.61% Individually Managed, 86.39% Commingled |
| 100.00% Discretionary |
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| All assets in thousands of dollars |
| Valuation Date: 9/30/2007 |
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| Tax-exempt Clients |
Assets(000's) |
Client |
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Description |
| Corporate |
$478,920 |
4 |
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| Public |
$769,160 |
5 |
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| Union |
$117,016 |
1 |
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| Foundation |
$221,707 |
4 |
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| Endowment |
$55,187 |
1 |
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| Other1 |
$146,455 |
1 |
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Funds of Funds |
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| Taxable Clients |
Assets(000's) |
Client |
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Description |
| Banks |
$27,898 |
1 |
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| Insurance Cos |
$281,198 |
3 |
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| Individuals |
$9,706 |
13 |
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| Other1 |
$102,548 |
2 |
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Fund of Funds |
| Other2 |
$2,858,913 |
5 |
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| Mutual Fund Details |
| Mutual Fund Assets: |
$539,947 |
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| % of mutual funds in Bond Funds |
100.00% |
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| Asset Mix |
| Asset Type |
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Pct. |
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| Corporate Bonds |
Tax-Exempt |
3.80% |
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| Mortgage Securities |
Tax-Exempt |
62.68% |
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| U.S. Government Bonds |
Tax-Exempt |
8.46% |
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| CDO |
Tax-Exempt |
9.91% |
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| ABS |
Tax-Exempt |
15.15% |
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| Corporate Bonds |
Taxable |
3.80% |
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| Mortgage Securities |
Taxable |
62.68% |
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| U.S. Government Bonds |
Taxable |
8.46% |
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| CDO |
Taxable |
9.91% |
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| ABS |
Taxable |
15.15% |
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| Mr. Daniel Heflin | | President & Chief Executive Officer |
| 212 883-2541 | | Job Function: Senior Investment Officer, President / CEO, Tax-exempt Portfolio Manager, Taxable Portfolio Manager, Mutual Fund Portfolio Manager, Fixed Income Portfolio Manager |
| Email: daniel.heflin@ingclarion.com | | Year Hired: 1995 | | Specialty: Fixed Income | |
| Mr. Stephen Baines | | Chief Investment Officer |
| 212 883-2551 | | Job Function: Investment Officer, Responsible for Investment Risk Management, Tax-exempt Portfolio Manager, Taxable Portfolio Manager, International Portfolio Manager, Mutual Fund Portfolio Manager, Fixed Income Portfolio Manager |
| Email: stephen.baines@ingclarion.com | | Year Hired: 2001 | | Specialty: Fixed Income | |
| Mr. Robert Kopchains | | Managing Director |
| 212 885-2692 | | Job Function: Client Contact / Marketing Officer |
| Email: robert.kopchains@ingclarion.com | | Year Hired: 2006 | |
| Mr. Jerry Chang | | Chief Financial Officer |
| 212 883-2730 | | Job Function: Compliance Officer, Treasurer / Chief Financial Officer, Director of Operations |
| Email: jerry.chang@ingclarion.com | | Year Hired: 2005 | |
| Mr. Garrett Yuan | | Assistant Vice President |
| 212 883-2714 | | Job Function: Obtains Portfolio Mgmt Software |
| Year Hired: 2005 | |
| Mr. Samuel Chang | | Senior Vice President |
| 212 883-2693 | | Job Function: Manager of Trading Department |
| Email: samuel.chang@ingclarion.com | | Year Hired: 1998 | | Specialty: Manager-Trading Department | |
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| Investment Advisory Services | Asset Manager, Fixed Assets |
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| Investment Counsel Services | Limited Partnerships; Mortgages; Mortgage Securities; Bonds - Corporate; Bonds - Global; Bonds - Government Agency; Bonds - High Yield; Bonds - Industrial; Bonds - International; Bonds - Mortgage Backed; Asset Backed Securities; Hedge Funds; Mutual Funds |
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Investment Style & Fee Schedule
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| Investment Style |
ING Clarion Capital manages CMBS portfolios in a number of fixed income strategies, including core, core plus, high yield, opportunistic and long/short. All of ING Clarion Capital’s strategies utilize a fundamental investment approach that is based on a thorough analysis of the underlying real estate collateral. |
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| Research: | 75% from In-house Sources, 25% from Street Sources |
| Minimum Account Size: | Separate Account: $25 million; Commingled Fund: $3 million. |
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| GIPS performance standards, Y/N: N |
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| Association Memberships: | ICSC, NAREIT, NCREIF, PREA, ULI, NAREIM, CMSA |
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| Socially Screened Investments N |
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