A few words from our clients

I always like hearing Charles speak. More often than not, he is the calm voice of empirical reason in a world dominated by flashy news headlines.

Ashwin Bulchandani, Chief Investment Officer, Duma Capital Management, October 2009

---

Just thought I’d give you a shout to ask you to pass on my appreciation to Jamie Dannhauser and all at LSR for a great call of his in expecting the BOE to increase their QE purchases…the timing was spot on.

Mike D'Arcy, Anglo Irish Bank, August 2009

---

I am very impressed by the way LSR are covering the current financial turbulence. It’s a great comfort to read and hear reports and summaries that are material and well supported rather than some of the errant nonsense that is currently circulating.

Gary Reynolds, Director and Chief Investment Officer, Courtiers, October 2008

---

Amid all the noise from the markets, Lombard Street Research stands out by providing investors with forward-looking insight not backward-looking information. No one connects the global dots better than Lombard.

Joseph Quinlan, Chief Market Strategist, Bank of America, August 2008 

---

Brian Reading, of Lombard Street Research is in my personal opinion the world's pre-eminent global macroeconomist.

Charlie McVean, McVean Trading & Investments, March 2007

---

Lombard Street Research is an outstanding provider of independent, incisive, intelligent and relevant research. I thoroughly recommend their service.

Richard Staveley, Partner, Director of Research, River & Mercantile Asset Management, July 2006.

---

LSR are the only researchers in 2004 to predict a modest German recovery in 2005, which has now become mainstream opinion.

Bruno Usai, Executive Director, Head of Eur Fixed Income Trading, WestLB, September 2005

---

We are pleased to announce that we have employed the services of Lombard Street Research to provide Credo with global economic views and asset allocation expertise. With an impeccable track record, Lombard are rated as one of the foremost independent research houses in the UK...

They employ some of the best economic brains in the industry and we are privileged to have them as our service provider.

Credo Capital, June 2000

---

I've just read your note about the buying opportunity for the Euro, and I think it is quite excellent. I don't know whether people send you unsolicited praise, but your work is uniformly thought provoking, and I thought this piece was exceptional.

Jonathan Ruffer, Chief Executive, Ruffer LLP, June 2005

When we get big macro calls right, I sometimes wonder if clients take note. Charles Dumas nailed the issue of the US output gap and the rally on the 30yr. Great work!

Paul Podolsky, Chief FX Strategist, Fleet Boston Financial, Boston, January 2004.

---

Thanks to both Gabriel Stein and Diana Choyleva for superb presentations on Japan and the US. There are only seven outside analysts I make time to meet with nowadays; four of them are at Lombard Street Research.

Kent Osband, Managing Director, Fortress Investment Management, New York, January 2004.

---

Brian Reading has as good a conceptual grasp of markets as anyone I have ever worked with. I remember his positions in the early 1990s when I was at Omega and no one was more spot on. My experience is that, when Brian is very incisive, he tends to be very right

Frank Veneroso, Market Strategist, Allianz Dresdner Asset Management, San Francisco, March 2004.

---

It is refreshing to deal with people who do not hedge and who make specific calls. Usually the right calls.

Don Hanson, Eiger Capital Limited, July 2004.

---

Lombard Street Research provides non-consensus analysis with a different spin that makes us take a look at our investment thesis from different angles. Their researchers have a deep understanding of fundamental economics and their inferences are always very thought-provoking.

Alain Hung, Chief Investment Officer, Fixed Income, State of Wisconsin Investment Board, March 2005.

---

I have appreciated Lombard Street Research's sharp and incisive commentary on economic developments for some years.

Paul Skinner, Chairman, Rio Tinto plc, August 2004

---