Fisher Investments Acquires Lighthouse Capital Management Assets

Renowned Investment Management Firm Continues Acquisition Strategy

    WOODSIDE, Calif., Aug. 18 /PRNewswire/ -- Fisher Investments, a leading
independent investment management company, today announced the acquisition
of assets from Lighthouse Capital Management L.P. of Houston, TX, which
managed over $460 million as of June 27, 2008. Financial terms were not
disclosed. Lighthouse clients will be served by Fisher Investments' Private
Client Group.

    The Lighthouse acquisition is Fisher's second in six months. On
December 31st, Fisher closed a transaction with Econostrat, of Bloomfield
Hills, MI.

    "Lighthouse has a rich history of serving clients over the last 20
years, a tradition we will build upon as Lighthouse's clients are entrusted
to our care," said Mark Scalzo, Group Vice President and Head of M&A at
Fisher Investments. "From an M&A perspective, the shortage of other RIA
buyers, created by the scarcity of capital and financial disarray among
some larger financial institutions, leaves Fisher Investments
well-positioned to quickly act on opportunities such as Lighthouse."

    Paul Horton, Lighthouse Founder and Principal, said: "Fisher
Investments' performance record, global perspective and dedication to
client service makes this the right decision for our clients."

    Luis Gutierrez, Senior Vice President, M&A, of Fisher Investments said:
"This acquisition, coupled with the one completed several months ago,
demonstrates our ability to successfully acquire RIAs. In these
transactions and other on-going conversations, many traditional issues of
concern for RIA owners -- for instance, maintaining a local presence --
have been successfully addressed after learning more about Fisher
Investments' robust client service and portfolio management capabilities."

    About Fisher Investments

    Fisher Asset Management, LLC, doing business as Fisher Investments,
founded in 1979, is a respected investment management company serving the
needs of investors demanding superior performance, competitive fees and
exceptional service. Fisher Investments' clients include large corporate
and public pension plans, foundations and endowments, as well as more than
20,000 high net worth investors. As of June 30, 2008, the firm managed over
$45 billion in assets under management. The firm is headquartered in
Woodside, California, and registered as an investment adviser with the
Securities and Exchange Commission (SEC). Ken Fisher, founder, CEO and
Chief Investment Officer, is the author of four finance books and many
academic studies, and is a well-respected market forecaster, having written
Forbes magazine's "Portfolio Strategy" financial investment column since
1984. In 2007, in association with John Wiley and Sons, Inc., Fisher
Investments introduced Fisher Investments Press, a publishing imprint
offering advice and education for broad investment audiences.
http://www.fi.com

    About Lighthouse Capital Management

    Lighthouse Capital Management, L.P. was established in 1988 with the
guiding principles of providing exceptional client service and always
putting the client's interests first. Lighthouse offered investment
management and financial support services to individuals, families, trusts
and institutions with the mission of providing superior performance over
time in the creation and preservation of wealth for clients while being
mindful of their unique, personal needs. Lighthouse is registered as an
investment adviser with the SEC but will soon be withdrawing its
registration. https://www.lighthousecapital.com/



    Jessica Vosk
    Gavin Anderson & Co.
    212-515-1998
    jvosk@gavinanderson.com