in 2000, Mr.

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In addition, GMCG was recognized in January 2005 as the 2004
Frost + Sullivan Pharmaceuticals Buy-Side Middle Market M+A Advisor of
the Year. GMCG has
extensive contacts and relationships with other leading investment
banks, institutional investors, and private equity providers in order
to assist its clients in successfully implementing transactions.

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S. "We believe that GMCG has a significant
opportunity to grow its international, cross-border and US mergers and
acquisitions business with biotechnology and life sciences companies,
and Michael brings significant skills, relationships and industry
knowledge to apply.

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Mr. Levitan will support the firm's advisory and
M+A efforts with biotechnology, pharmaceuticals and life sciences
clients globally and will help lead the expansion of the firm's
efforts with U. clients.

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Charles I.

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Levitan's health care investment banking background includes
senior-level experience with boutique investment banks and with Bear,
Stearns + Co. Levitan was a
vice president focused on clients in the life science and
biotechnology sectors , was responsible for a broad range of
underwriting and strategic advisory transactions, and distinguished
himself as an expert on emerging growth life science and biotechnology
companies. The specialist for the Clough
Global Equity Fund is Kellogg Capital Group, LLC.

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"
Mr.

About GMCG, LLC (Global Markets Capital Group)

GMCG is an independent investment bank that provides innovative
strategic advisory services and mergers and acquisitions expertise
globally to public and private life science companies.
"We are very pleased to welcome Clough Capital Partners and their second
closed-end fund to the American Stock Exchange," said Tom Rzepski, Vice
President of the Amex 's closed-end fund business.

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"
Mr. At Bear Stearns, Mr.
"GMCG has an outstanding team of investment banking professionals in
New York and Sydney focused on the biotechnology and life sciences
sectors and a roster of active public clients globally, including
Australia, Europe and the U.com

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in New York. is lead portfolio manager of the fund.

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Inc. Clough Capital Partners, L.S. "With our longstanding
partnership with the fund's administrator and sponsor, ALPS Mutual Funds
Services , the Amex looks forward to continuing to collaborate with ALPS while
further enhancing our relationship with Clough Capital Partners to bring
additional investment opportunities to our marketplace.P.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM).

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For additional information on this fund or other Amex-
listed closed-end funds, please call 1-800-THE-AMEX.

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P. Prior to
founding Clough Capital Partners L.S.

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S. Clough Capital Partners L. In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993.

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Michael Levitan Joins GMCG LLC - Global Markets Capital Group - as Principal and Senior Biotechnology/Life Sciences Investment Banking Professional

and Lehman
Brothers. Levitan earned an MBA in Finance and Marketing from the
University of Chicago Graduate School of Business and a Bachelor of
Electrical Engineering degree from McGill University.

American Stock Exchange Lists Clough Global Equity Fund

The Fund seeks to pursue this
objective by applying a fundamental research-driven investment process and
will invest in equity and equity-related securities in both U.

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"We are delighted to have Michael join the firm," said Mark
Saunders, President of GMCG.

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Business Editors

NEW YORK + SYDNEY , Australia----GMCG, LLC (Global Markets Capital Group), an independent
investment bank that provides strategic advisory services and mergers
and acquisitions expertise to public and private companies , today
announced that Michael Levitan has joined the firm as a Principal in
the New York office .S.
markets.

The American Stock Exchange currently lists 149 closed-end funds with over
$27 billion in assets.

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P., Chairman and Chief Executive Officer, Clough
Capital Partners L.

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and international mergers and
acquisitions business," commented Michael Levitan on his new role.S. Launches Second Closed-End Fund on Amex

NEW YORK, The American Stock Exchange(R)
(Amex(R)) today began trading common shares of Clough Global Equity Fund under
the ticker symbol GLQ. will serve as the administrator
and sponsor of the Fund.

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gmcgllc.
Clough Global Equity Fund is a newly organized, non-diversified,
closed-end management investment company. Clough, Jr.

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The Fund's investment objective is
to provide a high level of total return. The Amex is
also one of the largest options exchanges in the U., trading options on
broad-based and sector indexes as well as domestic and foreign stocks.

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GMCG provides an excellent platform to
capitalize on the global trends shaping the biotechnology and life
sciences industries and provide outstanding, innovative service to
clients.

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"I am extremely excited about joining GMCG and by the prospect of
helping the firm grow its U.
The Clough Global Equity Fund is issuing 15,250,000 common shares at an
initial price of $20 per share , resulting in gross proceeds of $305 million
(exclusive of the underwriter's over allotments).

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Clough served as Chief
Global Investment Strategist at Merrill Lynch, where he was responsible for
directing the global investment strategy research effort for one of the
world's largest investment firms."
"We are pleased for the opportunity to list the Clough Global Equity Fund
on the American Stock Exchange and look forward to our ongoing relationship,"
said Charles I. Clough, Jr.

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Michael Levitan, 38, joins GMCG with over eleven years of
investment banking and corporate development experience in the
healthcare industry, including over seven years of healthcare M+A and
corporate finance experience, principally focused on the
biotechnology, pharmaceuticals and life sciences sectors with Wall
Street investment banking firms Bear Stearns + Co.P. will act as the Fund's investment
advisor and ALPS Mutual Funds Services, Inc.

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For
more information, visit www. and non-U. The lead manager of the
underwriting syndicate is Merrill Lynch + Co. Leading
the industry in ETF listings, the Amex lists 155 ETFs to date.