1284812--3/16/2010--COHEN_&_STEERS

related topics

{stock, price, operating}

{loan, real, estate}

{acquisition, growth, future}

{competitive, industry, competition}

{cost, contract, operation}

{cost, regulation, environmental}

{system, service, information}

{stock, price, share}

{tax, income, asset}

{capital, credit, financial}

{personnel, key, retain}

{provision, law, control}

{operation, international, foreign}

{loss, insurance, financial}

{condition, economic, financial}

{regulation, government, change}

{customer, product, revenue}

{regulation, change, law}

RISKS RELATED TO OUR BUSINESS We depend on Martin Cohen and Robert Steers, our co-chairmen and co-chief executive officers, and the loss of their services would have a material adverse effect on us. Our ability to operate our company effectively could be impaired if we lose, fail to retain or recruit key personnel. A decline in the prices of securities could lead to a decline in revenue and earnings. A general decline in the performance of securities in the real estate sector could have an adverse effect on the assets we manage and our revenue. Our growth may be constrained by the limited size and number of issuers in the real estate securities market. We may have limited ability to raise additional closed-end mutual fund assets to manage. Our clients can withdraw the assets we manage on short notice, making our future client and revenue base unpredictable. Loss of significant separate accounts would decrease our revenue. Future investment performance could reduce the assets we manage and our revenue and income. A rise in interest rates could negatively impact our business. The inability to access clients through intermediaries could have a material adverse effect on our business. Fee pressures could reduce our revenue and profitability. Our business strategy may not be successful. We could suffer losses in earnings or revenue if our reputation is harmed. The soundness of other financial institutions could adversely affect our business. Expansion into international markets and new products and services increases our operational, regulatory and other risks. Compliance failures and changes in regulation could adversely affect us. Regulatory developments designed to increase the independence of mutual fund boards of directors may result in downward pressure on our fees and could result in mutual funds not renewing their investment advisory and administration agreements with us. Failure to comply with fair value pricing and late trading policies and procedures may adversely affect us. Regulations restricting the use of soft dollars could result in an increase of our expenses. The asset management industry is intensely competitive. Failure to maintain adequate infrastructure could impede our ability to support business growth. Our corporate investments may become impaired by further deterioration of the financial markets. RISKS RELATED TO OUR COMMON STOCK We are controlled by Mr. Cohen and Mr. Steers, whose interests may differ from those of other stockholders. Sales of a substantial number of shares of our common stock may adversely affect the market price of our common stock, and the issuance of additional shares will dilute all other stockholdings. Anti-takeover provisions in our charter documents and Delaware law could delay or prevent a change in control.

Full 10-K form ▸

1284812--3/16/2010--COHEN_&_STEERS_INC