1419178--3/5/2010--Artio_Global_Investors

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{acquisition, growth, future}

{provision, law, control}

{loss, insurance, financial}

{stock, price, share}

{system, service, information}

{financial, litigation, operation}

{customer, product, revenue}

{cost, regulation, environmental}

{competitive, industry, competition}

{investment, property, distribution}

{regulation, government, change}

{cost, contract, operation}

{personnel, key, retain}

{capital, credit, financial}

{operation, international, foreign}

{tax, income, asset}

{condition, economic, financial}

{control, financial, internal}

The historical returns of our existing investment strategies may not be indicative of their future results or of the investment strategies we are in the process of developing. Difficult market conditions can adversely affect our business in many ways, including by reducing the value of our assets under management and causing clients to withdraw funds, each of which could materially reduce our revenues and adversely affect our financial condition. Our ability to retain and attract qualified employees is critical to the success of our business and the failure to do so may materially adversely affect our performance. Most of our investment strategies consist of investments in the securities of companies located outside of the United States, which may involve foreign currency exchange, tax, political, social and economic uncertainties and risks. We derive a substantial portion of our revenues from a limited number of our strategies. We derive substantially all of our revenues from contracts that may be terminated on short notice. We depend on third-party distribution sources to market our investment strategies and access our client base. The significant growth we have experienced over the past six years should not be indicative of future growth. Our failure to comply with investment guidelines set by our clients, including the boards of mutual funds, could result in damage awards against us and a loss of assets under management, either of which could cause our earnings to decline. We outsource a number of services to third-party vendors and if they fail to perform properly, we may suffer financial loss and liability to our clients. A change of control of our company could result in termination of our investment advisory agreements. Operational risks may disrupt our business, result in losses or limit our growth. Employee misconduct could expose us to significant legal liability and reputational harm. If our techniques for managing risk are ineffective, we may be exposed to material unanticipated losses. Our failure to adequately address conflicts of interest could damage our reputation and materially adversely affect our business. Our use of leverage may expose us to substantial risks that may adversely affect our growth strategy and business. Failure to comply with fair value pricing, market timing and late trading policies and procedures may adversely affect us. We may not be able to maintain our current fee structure as a result of industry pressure to reduce fees or as a result of changes in our business mix, which could have an adverse effect on our profit margins and results of operations. The cost of insuring our business is substantial and may increase. Risks Related to our Industry We are subject to extensive regulation. The regulatory environment in which we operate is subject to continual change and regulatory developments designed to increase oversight may adversely affect our business. The investment management business is intensely competitive. The investment management industry faces substantial litigation risks which could materially adversely affect our business, financial condition or results of operations or cause significant reputational harm to us. Failure to maintain effective internal control over financial reporting could have a material adverse effect on our business and stock price. Risks Relating to our Structure Our ability to pay regular dividends to our stockholders is subject to the discretion of our Board of Directors and may be limited by our holding company structure and applicable provisions of Delaware law. Our ability to pay taxes and expenses may be limited by our holding company structure and applicable provisions of Delaware law. We will be required to pay the Principals most of the tax benefit of any depreciation or amortization deductions we may claim as a result of the tax basis step up we receive in connection with their future exchanges of New Class A Units. Anti-takeover provisions in our amended and restated certificate of incorporation and bylaws could discourage a change of control that our stockholders may favor, which could negatively affect the market price of our Class A common stock. Risks Related to Our Class A Common Stock An active market for our Class A common stock may not be sustained. The market price and trading volume of our Class A common stock may be volatile, which could result in rapid and substantial losses for our stockholders.

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1419178--3/5/2010--Artio_Global_Investors_Inc.