Miami, FL (September 27, 2005) – PRS Group announced today that Mr. Martin Loeser has joined the firm’s alternative investment team as a Portfolio Manager, Fund-of-Funds.  Prior to joining PRS, Mr. Loeser was Senior Investment Analyst at Ivy Asset Management, a $15 billion hedge fund-of-funds manager in New York.  At Ivy, Mr. Loeser was directly responsible for sourcing and selecting new equity managers, with a focus on emerging managers.  Previously, he was a Vice President at The Mayfair Group and Senior Analyst at Tower Capital, conducting manager due diligence, risk management and portfolio management for each firm’s fund-of-funds program.  Prior to these roles, Mr. Loeser worked as an investment banker in the global telecommunications group at Salomon Smith Barney. 

Mr. Loeser received an MBA from The Wharton School at the University of Pennsylvania.  He completed his undergraduate work at Duke University, earning a BA in Economics.

Mr. Loeser will serve as Portfolio Manager to all of the firm’s fund-of-funds products, reporting directly to Mark Casa, Director of Investments.  In this role, he will support Mr. Casa in the formation of top-down strategic allocation, allocate capital to managers approved by the team’s Investment Committee, source new managers, oversee due diligence, manage desk research by analysts and monitor managers in all equity-related and event-driven strategies.  Mr. Loeser fills the role previously held by Jerry Levin, who recently relocated back to New York for personal reasons. 

Mr. Casa was very enthusiastic about the quality of his team’s newest addition, saying, “while we were very dismayed by Jerry’s decision to return to New York, we wish him the very best and appreciate the outstanding contributions he made to PRS Group since his arrival over three years ago.  At the same time, we are very excited to have someone of Martin’s caliber join the investment team.  Martin brings extensive fund-of-funds experience and sharp due diligence and manager selection skills.  He will be a valuable asset to our fund-of-funds group.”

About PRS Group:

PRS Group was founded in 1981 and has been dedicated exclusively to hedge fund investing since 1987.  PRS Group currently manages over $1.5 billion in funds of hedge funds and convertible bond arbitrage for institutional and high net worth clients through proprietary funds, structured products and separate accounts.

Please visit the firm’s website at www.prsint.com.

A member of the PRS Group, PRS International Investment Advisory Services Inc. (“PRS”), is an SEC registered investment advisor located in Miami, Florida.  This press release does not constitute an offer of, or an invitation to, subscribe for shares or interests of any fund or other investment vehicle managed by PRS, nor does it constitute investment or other advice.  For further information related to PRS, please contact Medon Michaelides at (305) 459-5394.