According to Auda Investment Advisors, How well do the rich manage their money?

Business Editors

NEW YORK--(BUSINESS WIRE)--July 12, 2000

Not necessarily as well as you might think

(...lack of focus and good information are problems for them too)

The long economic boom has created an estimated seven million millionaire households in the U.S. over the last decade(a), but many have unexpected problems managing their new wealth, according to wealth management experts at The Auda Group.

-- Marcel A. Giacometti, President of The Auda Group, a leading

investment specialist for high net worth investors in the U.S. and

Europe, can address:

-- Why high net worth individuals often fail to manage their

wealth correctly - and what their most common mistakes are.

-- Why relatively few wealthy families will take the steps to

internalize the wealth management process - and how that

limits their options as well as the maximization of long-term

returns.

-- Why Americans are better than their European counterparts in

some aspects of managing wealth, particularly in terms of

managing risk - and what lessons Americans can take from

Europeans.

-- Giacometti can also discuss:

-- The high net worth market.

-- Alternative investments like private equity, venture capital,

hedge funds and real estate.

-- European investors' strategy in the U.S. market.

The Auda Group (www.auda.net) is a leading international investment advisor specializing in alternative investments, including private equity and venture capital funds, hedge funds and, through affiliates, real estate and biotechnology. Founded in New York in 1989 as the U.S. investment arm of the Harald Quandt family of Germany, Auda markets its products and services to institutional investors and high net worth individuals in the U.S. and Europe.

(a) Money Magazine, August 2000