RTRSY Reuters Grp. Plc ADS (MM)

Lipper, Reuters (NASDAQ:RTRSY)(LSE:RTR) specialist fund subsidiary, is extending its 2008 global fund awards programme to include, for the first time, awards for the leading hedge funds across European, Offshore and North American fund domiciles. The awards will be based on the existing Lipper Leader rating methodology for Consistent Return (effective return). Two hedge fund award events will be held globally. The first will take place in London on Tuesday 4th March and reward leading European and Offshore hedge funds, whilst the second, for funds domiciled in North America, will take place in New York on Wednesday 9th April. To be eligible for one of the Lipper Hedge Fund Awards, hedge funds must: submit year end prices by Friday 8 February 2008 be existing hedge funds in the Lipper TASS and Lipper Global Fund Databases have at least 12 consecutive months of price history including December 2007 In line with Lipper�s existing mutual fund award methodology, awards will be given to those hedge funds with the highest Lipper Leader rating for Consistent Return (Effective Return) value within each eligible Lipper Global Classification for hedge fund strategies. The calculation period for the awards extends over twelve consecutive months ending 31 December 2007. Calculations will be made in US dollars for the North American and Offshore hedge fund domicile universes and Euros for the European hedge fund domicile universe. Dr Gabriel Burstein, Global Head of Research, Lipper and Reuters Research & Asset Management, said: �I am delighted that we are introducing awards for hedge funds based on our quantitative risk adjusted return Lipper Leader rating methodology. Hedge funds are playing an ever increasing part in institutional and wealth management investors� portfolios worldwide. As such, we are keen that as many hedge funds as possible are eligible for the awards, so I call on hedge fund managers included in our databases to make sure that year end prices are with us by the due date.� Winning funds within each award category and domicile universe will be awarded a statuette and the list of winners will be published in Lipper Hedge Fund Insight Research monthly, Lipper Hedge Fund Flows quarterly research publications, available from Lipper. Notes to Editors: Existing hedge funds in the Lipper TASS and Lipper Global Fund Databases can update their year end prices, performance data and static fund information via the Lipper TASS Web Tool. If they do not yet have a username and password, users can request their login details from TASS.fundquest@lipper.reuters.com. The Lipper TASS Hedge Fund Database contains the hedge funds previously reporting into the former TASS database and the Lipper Global Fund Database includes hedge funds, mutual funds and ETFs. Lipper, a wholly-owned subsidiary of Reuters, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Covering over 169,000 share classes and over�90,000 funds�in 51 registered for sale (RFS) universes. Lipper is the world's leading fund research and analysis organisation. It provides the free Lipper Leader ratings for mutual funds registered for sale in 27 countries. Additional information is available at www.lipperweb.com. The Lipper Leader fund rating system uses investor-centred criteria to deliver a simple, clear description of a fund's success in meeting certain goals, such as preserving capital or building wealth through consistent, strong returns. Used independently or in conjunction with one another, the four Lipper Leader ratings (Consistent Return, Preservation, Total Return and Expense) can effectively identify funds that meet the particular characteristics sought by the investor. For more information, please refer to www.lipperweb.com Information provided by Lipper has been obtained from or is based upon sources believed to be reliable but is not warranted to be accurate or complete. Lipper makes no representation or warranty, express or implied, to investors of or any member of the public regarding the advisability of investing in securities generally or in any product or mutual fund particularly. Past performance is not necessarily a guide to future performance and investors should remember that past performance is not guarantee of future results.