Originally founded in 1989 as Orrick, Herrington & Sutcliffe's ("Orrick") Financial Services Group ("FSG"), BLX was spun-off as a wholly owned subsidiary of Orrick in September 2000 so that it could better provide public funds management and integrated investment and post-issuance compliance services to the public finance community.

Today, BLX provides a wide array of integrated investment services, which include:

PORTFOLIO MANAGEMENT BLX currently provides separate account investment management and advisory services for approximately $1.2 billion in governmental and institutional fixed income portfolios. Because of our focus on the public sector, BLX's investment philosophy is guided by the prioritized objectives of safety, liquidity, and investment return. Our investment philosophy emphasizes a conservative, client-specific approach that seeks to control risks throughout market cycles while maximizing investment return. For more information please contact Mark Creger at 213.612.2200 or e mail: mcreger@blxgroup.com.

STRUCTURED PRODUCTS BLX provides procurement and structuring services in connection with over one-hundred transactions totaling several billions dollars in investments each year. BLX, as an independent advisor, undertakes a competitive bid process on behalf of our clients to acquire structured product investments, including collateralized and uncollateralized investment agreements, forward delivery agreements, and repurchase agreements to name a few. For more information please contact Eric Chu at 213.612.2136 or e mail: echu@blxgroup.com.

BLX is widely known and highly regarded for its extensive experience and expertise in investing bond proceeds.