2010 Annual Forecast Dinner Featuring David Tice and Art Hogan David W. Tice, Federated’s chief portfolio strategist for bear markets, has been at the forefront of bear market investing for more than 20 years. Mr. Tice has long taken the role of a Cassandra to warn investors about the dangers of investing near the end of a secular bull market and has debated nearly every bullish Wall Street strategist. He gained national recognition through articles he wrote for Barron's and as the subject of numerous business journal and television interviews beginning at the time when he was among just a handful of courageous people who dared to short the market. Today he shares his views of the market and bear market investing approaches with both Federated investment personnel and clients alike. Prior to his career as an investment manager and strategist, Mr. Tice held financial analyst positions with Atlantic Richfield Company and ENSERCH Corporation, a diversified energy company. He then joined Concorde Financial Corporation where he served as director of investments and was responsible for launching an equity mutual fund. He launched his firm, David W. Tice & Associates, LLC in 1988 to provide clients with hedging or sell discipline perspectives and recommendations through his "Behind the Numbers" publication and research service. This effort formed the origins of Federated Prudent Bear Fund in 1995 and Federated Prudent Global Income Fund in 2000. Mr. Tice holds an undergraduate degree in accounting as well as an MBA from Texas Christian University. He is a Chartered Financial Analyst. Arthur R. Hogan III, Director, Global Equity Product, Jefferies & Co. Art Hogan has been the Director of Global Equity Product for Jefferies & Company since 2004. Mr. Hogan joined Jefferies in 1998, as an Account Executive on the institutional equity desk, and served as Chief Market Analyst and Regional Manager for Jefferies’ Boston Office. With more than 20 years of experience in the securities industry, he has an extensive background in the U.S. equity markets, specializing in economic analysis and corporate data. Prior to joining Jefferies, Mr. Hogan spent several years on the institutional equity trading desk at Morgan Stanley and served as Head of Institutional Equity Sales at Dean Witter. From 1984 to 1993, Mr. Hogan was Vice President of Fidelity’s Capital Markets Division, during which time he spearheaded Fidelity’s floor brokerage operation at the Boston Stock Exchange. Mr. Hogan appears regularly on business news programs including CNN, MSNBC, Bloomberg- TV, Reuters TV, and CNBC, frequently serving as guest host on “Squawk Box”, and is regularly quoted in The Wall Street Journal, The New York Times and Financial Times. He provides objective, informative analysis on the general economy, market volatility and corporate data in a candid, straightforward manner. Mr. Hogan received a Bachelor’s Degree from the University of Vermont in 1983, in Economics and Political Science. He serves on the NASDAQ OMX BX, Inc., BOX, BOXR, and BSE board committees, as well as a number of community-related organizations. He formerly served on the Boston Stock Exchange Board of Governors, Boston Option Exchange Board, and Boston Security Traders Association Board..