About JAM

At Jefferies Asset Management, LLC (JAM), our goal is to provide investors with a diversified suite of high quality asset management products based upon a deep understanding of the markets developed through years of experience. We seek to achieve attractive returns across various strategies in all market conditions. Our portfolio managers are experienced professionals, each with a unique perspective, fresh thinking, and different areas of expertise and focus. Our growing product areas include exchange-traded funds (ETFs) and open-end mutual funds, as well as institutional products such as managed accounts and private investment funds.

As of September 30, 2009, assets under management at JAM and its affiliates throughout Jefferies totaled more than $3.2 billion, and assets under management by Jefferies and by third parties in which Jefferies has an economic interest totaled more than $3.8 billion.

Investment advisory affiliates of JAM in the United States provide such services as the management of high yield, distressed and special situations securities associated with the activities of Jefferies & Company, Inc.'s High Yield Department, as well as asset management services through Jefferies Investment Advisers, LLC, which is associated with the Wealth Management division of Jefferies & Company, Inc.

Non-U.S. asset managers affiliated with JAM include Jefferies (Switzerland) Ltd., which brings wide-ranging expertise to institutional investors around the globe and offers investment solutions for long-only strategies in global convertible bonds. Its major clients are pension funds, insurance companies and private banks in Switzerland, France and Germany. Jefferies is known for its innovative approach with unique capabilities in the analysis and understanding of the performance characteristics of convertibles and also offers customized investment management services designed to incorporate client-specific criteria. For more information, visit www.jefferies.ch.

JAM is registered as an investment adviser with the U.S. Securities and Exchange Commission. JAM also is registered as a Commodity Trading Advisor with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association. JAM is a wholly-owned subsidiary of Jefferies Group, Inc.