I heard from the Secretary of Defense and
Deputy Secretary of State about very positive initiatives -- not only in the
Middle East, but in the Far East, as well. While TABB
Group is not raising any red flag, yet, "the next few years will see a
delicate balancing act between yield, cost management, service
provision, institutional investment and regulation," writes Galper.

For two years he was desperate to find God, he says.

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so we can work together to achieve big things for the American people. Do you support this? And,
if so, isn't that punishing the Palestinian people for exercising the
democratic rights that you've called for in the region?

THE PRESIDENT: The Hamas party has made it clear that they do not support
the right of Israel to exist.

Expanding and Contracting? TABB Group Report Yields an In-Depth Look at the Fragmented $930 Billion Hedge Fund Industry in Transition

"
"However," explains Larry Tabb, CEO and founder of TABB Group,
commenting on the report's findings, "the struggle to improve yields
was the primary concern driving most of the funds interviewed . "While we primarily interviewed US
multi-asset class and equity-based funds, many of them were expanding
the styles, asset classes and geographies of their investments.

ATTENTION EDITOR/NEWS DIRECTOR: For store appearance times and to see the
complete story and hear a portion of Borden's interview , go to
lifeway.

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A senior British official there said that they
detect nothing new in their approach . And so we're united in our goal to
keep the Iranians from having a weapon, and we're working on the tactics
necessary to continue putting a united front out. And so tomorrow night, I am going to talk about this issue and
make clear the policy of the United States. Each garners over 40% of hedge funds' prime brokerage
relationships.

PRESS RELEASE Pro-Wrestler Sting Chooses Christ Over Center Ring

"God couldn't work in my life because I wasn't surrendered to
Him. 37234-0192
www.

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which for many large funds
will be fairly new in a burgeoning industry more return-focused than
cost-focused.

Of the 20% of firms that are reducing their broker
relationships , 68% cited the need to consolidate their
execution platforms. For interview requests, contact
kathy@theaccessgroupinc.

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Remarks By President Bush After Meeting With the Cabinet

We just had a really good discussion about the year 2006. One of the things I will do is call
for Congress and the executive branch to have a good, honest dialogue, but to
speak candidly with each other, but to do so in a way that brings credit to
the process. The
diverse, across-the-board response reflected rather deeply held
concerns about the prime brokerage relationship, which is certain to
evolve , especially in US equities due in part to a continuing
contraction of commissions, to a continuing move away from phone-based
communication, to fundraising, managing risk and the rise of new
multi -asset classes and multi-strategy models. Additionally, low- or no-touch
order flow is projected to increase to 57% by 2007.tabbgroup.

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Nedra Pickler. The talks between Iran and the EU3 appear
to be making little progress. That's an option. + NEW YORK----According to a new industry report released today by TABB Group,
"Hedge Funds 2005: an Inside Look at Funding, Servicing, Trading and
Technology ," the highly fragmented hedge fund industry is in
transition at a time when for two years running their overall
performance has lagged behind the S+P 500.





LifeWay.

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EST

THE PRESIDENT: I want to thank the members of my Cabinet for being here. I can't tell you how upbeat I am about our future, so long as we're
willing to lead. And so we had a good discussion about matters such as health care and
energy and education , all of which I'll address tomorrow night. And
we're going to continue to work with our friends and allies to present a
united front to the Iranians.
The other thing is that we want the people of Iran to be able to live in a
free society., June 3, and Jackson, Miss.

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And the message is: Give up your nuclear
weapons ambitions.M. TABB Group believes that with increased fund management
overhead and the rising specter of regulation, there will be a
decrease in the number of funds over the next few years due to
consolidation.tabbgroup.

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M. We've got a lot of work to do."

Key statistical findings drawn from the report include:

Operating at the cutting edge in their deployment of advanced
trading technology, 47% of the funds' order flow goes through
low - or no-touch channels, e.

Traveling away from home and his family for months at a time, Borden turned
to pain medication and alcohol to escape the issues that were building in
his life and within his marriage."

Borden's book and DVD, "Sting: Moment of Truth" are available at LifeWay
Christian Stores.

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Q Mr. For the next five years,
the report claims, the industry will be marked "by increasing pressure
to strengthen yields in the face of trying market conditions and a
rush of new cash into the marketplace.g. But he says his expectations of God were wrong.lifeway .

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We want to work with a government that is a partner in peace, not a
government that is -- whose declared intentions might be the destruction of
Israel. "The joy and peace is
just so amazing in my marriage now.

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EST

. Based in Westborough, Massachusetts with
offices in New York , TABB Group was founded in June 2003 by Larry
Tabb, the 25-year financial markets veteran and former vice president,
securities and investments at TowerGroup, where he managed research
across the capital markets, investment management, retail brokerage
and wealth management segments.com/news



"I wanted God to wave a magic wand and make everything better , but my life
just continued on the way it was and things got worse and worse," Borden
explained . As his alter ego Sting is known for
saying: "The one thing you know about Sting is you never know about Sting.

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Listen, these folks ran on the campaign "we're going to get rid of corruption"
and that "we're going to provide services to the people," and that's positive. But
something was missing .com

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We've got a lot to be
proud of.com/research

About TABB Group

TABB Group, the financial markets' strategic advisors, is focused
on helping financial services firms, vendors and technology
integrators better understand, create, align and execute their
business technology visions. He went forward at a
Promise Keepers rally and prayed the sinner's prayer, and again at an
evening church service.

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"Initially, it will force funds to change their overall investment
strategies, invest in new analytics to more aggressively look for
opportunities and focus on reducing costs."
The Report was developed to "shine a clear light into the inner
world of hedge funds, " says Galper, focusing solely on business
issues, including trading, regulation, risk, the prime brokerage
relationship, trading, fundraising, build versus buy technology
options, and sales and marketing. I needed something supernatural to happen in my life; I needed God.

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., direct market access ,
algorithms and crossing networks, versus 53% being routed via
FIX or transmitted by phone.

As many as 50% say their broker relationship directly dictates
which algorithms they use.

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I'm looking forward to speaking to the country. Security Council.
But what isn't positive is that they've got parts of their platform that will
make it impossible for them to be a peaceful partner.

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Q Thank you, Mr.
Secondly, this new democracy that's emerging in the Palestinian
Territories must understand that you can't have a political party that also
has got an armed wing to it; that democracies yield peace.

LifeWay
One LifeWay Plaza
Nashville , Tenn.

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END 11:10 A.

While 69% believe they should be registered (regulated ), only
50% of large funds believe in regulation. Months after putting this industry under our
microscope, two questions continue to loom: who will actually survive,
who will prosper?"
A copy of the report with 49 detailed graphs and an executive
summary are available at http:/ /www.
For more than 20 years, Steve Borden's fans
have known him as Sting, a nine-time World Championship Wrestling title
holder known for trademark wrestling moves like the Stinger Splash and the
Scorpion Death Lock."

While he considers himself semi-retired, Borden still makes his way back to
the ring when he's called -- both in the states and overseas -- and enjoys
surprising the fans with an appearance. He will make appearances at the following LifeWay Store
locations: Birmingham , May 14; Monroe, La.

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And I'll do my best to elevate the tone here in Washington, D.C. And the good news is most of the world recognizes that
Iran, being the non-transparent society that it is, a government that had
violated IAEA rules, is one that cannot be trusted with technology that could
enable it to develop a nuclear weapon. And I have made it clear so long as that's
their policy, that we will not support a Palestinian government made up of
Hamas.

Goldman Sachs and Morgan Stanley are the two largest prime
brokers.

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Tomorrow night I'm
going to be speaking to the Congress , giving the country my State of the Union
address.

The primary reasons funds use on brokers beyond trading and
financing are research (66%), technology (52%) and capital
introduction (39%).

Looking ahead, the Report warns of cautionary times. I look at my wife with eyes that I
never knew I could look at her with."

And the one thing Steve Borden knows is this: "Don't walk in mediocrity
with one foot in the world; go for it [with God] and watch what happens .

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What can be done now?

THE PRESIDENT: Well, obviously, one option is for the Perm 5 to work
together to bring Iran to the U.
Thank you all very much.
Agreeing, Tabb adds, "Without a doubt this is clearly a dynamic
industry, both expanding and contracting, where size actually does
matter, where some feel managing risk is still more art than science,
where regulatory forces are threatening to look at, legislate and
license your business. By the mid-1990s, Borden had reached the height of
success within the wrestling world, a multi-million-dollar industry --
enjoying international fame, money and everything he'd ever wanted.,
June 4.com.

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We talked about how to make sure
this economy of ours stays the strongest economy in the world, and that we
recognize we can 't just sit back and hope for the best, that we've got to
lead. President. And so the second
half of our message to Hamas is get rid of your arms, disavow terrorism, work
to bring what you promised to the people of the Palestinian Territories.

Business Editors

WESTBOROUGH, Mass."
"This battle for yield will have a serious significant impact on
the industry," writes Josh Galper , director at TABB Group and author
of the 61-page report, the result of interviews with senior management
at 63 hedge funds across multiple asset classes and sizes collectively
managing $110 billion, 11.8% of the $930 billion hedge fund industry. Says Galper, "while we are not expecting many large
hedge funds to acquire small ones, we do see funds of funds as well as
more traditional asset management businesses launching or acquiring
small funds under their umbrellas to fend off the threat posed by
large funds, using their scale, talent, technology and distribution to
protect their core business activities.com

com/news.

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WASHINGTON, The following is a transcript of
remarks by President Bush:

Cabinet Room
11:06 A.
We talked about how to make sure that America continues to spread the
peace and to protect ourselves.
I'll answer a couple of questions.
Patsy . President, Israeli officials are seeking an international boycott
of a Palestinian government that includes Hamas.

Nearly 40% are increasing their broker relationships, the
major reasons being the need for increased research (31%),
product diversity (24%) and improved trading technology (21%). For more information, visit
http://www.

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N."
As many 500 new funds emerged in 2004 bringing the total number
8,600."

Borden's wife accepted Christ a month after he did .

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---

- - kjjkjk

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