BERWYN, Pa., November 3, 2008 -- On November 1, Turner Investment Partners introduced a multi-manager long/short investment strategy, Turner Spectrum, composed of five existing Turner long/short stock strategies designed to take advantage of both rising and falling stock prices.

The investment goal of the Turner Spectrum strategy is to seek long-term capital appreciation. With Turner Spectrum, Turner seeks to provide the diversification benefits of a multi-manager strategy without the extra layer of fees.

Turner Spectrum consists of these long/short strategies:

• Turner Long/Short Equity, directed by Christopher K. McHugh, lead portfolio manager, and containing stocks in all stock-market sectors;
  
  
• Turner Global Consumer Long/Short, supervised by Jason D. Schrotberger, lead portfolio manager, and holding mainly consumer-discretionary and consumer-staples stocks in global markets;
  
  
• Turner Global Financial Services Long/Short, led by David J. Honold Jr., lead portfolio manager, and invested primarily in financial stocks in global markets;
  
  
• Turner Global Medical Sciences, led by Vijay Shankaran, lead portfolio manager, and largely holding health-care stocks in global markets; and
  
  
• Turner Select Opportunities, managed by Frank L. Sustersic, lead portfolio manager, and focusing mainly on small-cap stocks across all sectors.

Each of these five strategies is intended to generally represent about 20% of Turner Spectrum’s total holdings. Annually, on December 31, in an effort to enhance Turner Spectrum’s return potential as market conditions change, each strategy will be rebalanced equally to a 20% weighting.

Turner Spectrum, as a portfolio of long/short strategies, can offer greater investment flexibility than is possible with traditional long/only stock portfolios. Based in Berwyn, Pennsylvania, and founded in 1990, Turner manages more than $22 billion in assets, as of September 30, 2008, in growth, value, core, quantitative, and alternative investments for institutions and individuals.

The underlying strategies of Turner Spectrum seek to capitalize on declining stocks in their short positions and use leverage in their long positions to amplify the results of rising stocks. They hold long positions in stocks that Turner believes have superior earnings prospects and short positions in stocks that Turner believes have a deteriorating earnings outlook.

The views expressed represent the opinions of Turner Investment Partners and are not intended as a forecast or guarantee of future results. Nothing in this communication should be considered an offer to sell or the solicitation of an offer to purchase an interest in any strategy described or an offer to provide any Turner service in any jurisdiction that would be unlawful under the securities laws of that jurisdiction. As with all investments, there are inherent risks. Portfolios that invest in long/short strategies typically involve greater risk that those investing in long-only strategies. Characteristics are subject to change. Please obtain and review all financial material carefully before investing.