Fisher Investments Expands into Germany with Acquisition of Thomas Gruner Vermogensmanagement...

WOODSIDE, Calif. -- Fisher Investments, a multi-product money management firm with over $42 billion assets under management, announced today that it has extended its reach into Europe through a fifty percent acquisition of Thomas Gruner Vermogensmanagement GmbH. The new company will be called Gruener Fisher Investments, financial terms were not disclosed.

Thomas Gruener, CEO of Thomas Gruner Vermogensmanagement GmbH, said, "I have known Ken Fisher for ten years. In that time, I have come

to regard him as a mentor and I believe that Thomas Gruner Vermogensmanagement GmbH will fit nicely into the Fisher Investments family. Gruener Fisher Investments will benefit from the strengths of Fisher Investments' direct marketing model, especially since our investment philosophies are so closely aligned."

"As a dynamic money manager, Thomas rotates his investment style depending on the market environment, and Gruener Fisher Investments will capitalize on both Fisher Investments and Thomas Gruner's strengths," said Ken Fisher, CEO of Fisher Investments. "Germany is the second biggest market outside the United States for high net worth individuals, and Fisher Investments is delighted to be entering this market with such a strong partner."

Mr. Gruener has worked for the German banks, Kreissparkasse Kaiserslautern and Volksbank before founding Thomas Gruner Vermogensmanagement GmbH in 1999.

Since 1986, Fisher Investments has been a pioneer in effective Small Cap Value equity management. It has since broadened into a full-scale management firm with an array of institutional products oriented toward specific styles. In 1995, Fisher Investments began offering global equity management directly to high net worth individuals through its Private Client Group. The company experienced explosive growth and expanded operations into both Canada and the United Kingdom.

About Fisher Investments

Ken Fisher is the founder and CEO of Fisher Investments, a multi-product money management firm with over $42 billion assets under management.

Throughout the company's history, Fisher Investments' research has been showcased in numerous financial journals, including The Financial Analysts Journal and The Journal of Portfolio Management. In addition, in 1984 Ken Fisher began writing the "Portfolio Strategy" financial investment column for Forbes Magazine, offering his unique market perspective to the public. Currently, Ken is the fifth longest-running columnist in Forbes' 90-year history.

Fisher Investments is headquartered in Woodside, California where all of its investment professionals who are involved in the business strategy are located. The facility features state of the art technology for optimal performance in trading, research, and client services. The company also has sales and client service operations throughout the US and in the UK.