IMCA awards the prestigious
Certified Investment Management Analyst (CIMA(R)) designation to qualified
consultants worldwide.

ICM Asset Management to Name Tim Chervenak President and Chief Operating Officer

Prior to joining Piper Jaffray,
Chervenak served as Vice President and Branch Manager for Kidder
Peabody in Spokane, where he supported both institutional and retail
clients.1 billion in assets under management as of March
31, 2005, the employee and family-owned firm offers small-cap value,
small- to mid-cap value, large-cap core growth equity, and both
taxable and municipal fixed income investment products. CLEARWATER, Fla. Its consistent format
for linking and loads of interactive features, including E-postcards, was very
impressive," says boats.

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introductions theories

"Insights from a Pioneer in Portfolio Theory and Practice: A Talk with
Nobel Laureate William F.

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He has been extremely active in Pacific
Northwest community events and supportive of a wide range of
charitable causes.

Spokane, Washington-based ICM Asset Management , Inc., The Moorings was honored for
Outstanding Contribution to the Online Marine Industry by National Marine
Manufacturers Association (NMMA) and boats.

himself martin

com in the first annual North
American Marine Industry Web Awards.com general manager James Nolan. Visit
http://www.

metaphysics introductions

Dr.com for more information on the Grand Expeditions
companies.

himself metaphysics

D. In this role, he was responsible for piloting a
new regional and branch structure that centralized compliance and
operational functions.

www. "The
Moorings site drew you in and made it easy to navigate.

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Chervenak brings more than two decades of financial services
experience and management leadership to the firm.grandex.

Particularly known for his contributions to metaphysics.

ereignis philosopher

Creator of the Sharpe ratio for investment performance analysis . Sharpe also
reminisces about winning the 1990 Nobel Prize in Economic Sciences. We are extremely fortunate to welcome Tim and look
forward to the significant contributions he is sure to bring,
particularly as we continue to focus on exceptional service and
leading edge investment products. With over $2 .com

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He shares our vision
for ICM as a truly unique, specialty boutique firm, renowned for
client services. Chervenak is married and has one son. The awards were launched to recognize
the industry's drive toward higher standards of excellence in website design
and content.

artefact ordered

The new structure is currently being
implemented at all national Piper Jaffray offices. Additionally , he
served on Piper Jaffray's Private Client Services Operating Committee,
which provided strategic planning initiatives and direction to the
Private Client Service consultants.

engaging though

ICM's clients
include corporations, public funds, Taft-Hartley trusts and other
pension plans, foundations and endowments , as well as high net worth
individuals.

The Moorings Wins 2005 North American Marine Industry Web Award

The Moorings website appeals to an international
audience with all content available in French, German or English.

ereignis theories

Sharpe talks about these topics and more in an exclusive interview in the
Journal of Investment Consulting, Volume 7, Number 2, Winter/Spring 2005, just
released by the Investment Management Consultants Association (IMCA(R)). Sharpe's noted theories, their applicability in today's markets, and
areas of financial economics that need further exploration.

introductions ereignis

today announced that beginning June 1, 2005, it will
name industry veteran Tim Chervenak President and Chief Operating
Officer.

artefact engaging

DENVER, Architect of the capital asset pricing
model. A
father of modern portfolio theory.

The Moorings provides flotillas, Bareboat (sail-it-yourself) and Signature
(with professional captain and chef) vacations in some of the most desirable
locations in North America , Caribbean, Bahamas, Mexico, South Pacific,
Mediterranean, Scandinavia and Indian Ocean.

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bibliographies contribution

," focuses on the development of some
of Dr. Editor-in-Chief Edward Baker, CEO of Alliance
Capital Limited, and the JEAB, an editorial board of prominent investment
consultants and scholars , solicit and publish original articles and research
on investment management, capital markets, fiduciary practice, and ethics.

Business Editors

SPOKANE, Wash. was founded
in 1981. The Moorings was
honored for Outstanding Contribution to the Online Marine Industry.moorings.

existentialism translated

----ICM Asset
Management , Inc.

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Though he did not identify himself as an existentialist, he is generally considered the foremost of the German members of that group.

philosophers foremost

Sharpe, Ph.

IMCA is the principal professional association of the investment
consulting industry, ensuring quality service to the public by developing and
encouraging the highest of standards, broadening the public's understanding of
investment management consulting, and promoting professional education and
practice standards for investment consultants. "Tim has proven
himself a natural leader, having held several senior management
positions within the financial services industry.

Martin Heidegger, 1889-1976.

philosophers 1889

, has made to the world of financial economics.
Chervenak earned a Bachelor of Arts degree in Business from the
University of Washington .
The Moorings is part of the Grand Expeditions collection of extraordinary
travel companies , offering the world's most unique and exotic journeys.

martin ordered

Journal of Investment Consulting Interviews Nobel Laureate William Sharpe Ph.D.

D.
Features highlighted include the capability of choosing a wide range of
preferred options, stunning sailing and destination photos, 360-degree yacht
tours , slide shows and a Rewards Program section for significant savings and
partnership specials.com or call 1-800-535-7289.

bibliographies himself

Published twice a year, the Journal of Investment Consulting is the
scholarly publication of IMCA.
"With a long and distinguished background in the financial markets
and a service-minded philosophy, Tim represents the right choice to
help lead our organization," said Jim Simmons, the company's Chief
Executive Officer and Chief Investment Officer."
Chervenak most recently served as West Coast Regional Director and
Seattle Branch Manager for Piper Jaffray, where he managed more than
250 financial advisors in 23 offices throughout Washington, Oregon,
Idaho, and California .
Websites considered for the North American Web Awards were evaluated by a
panel of judges with expertise in web creation and design.

introductions volumes

These are just some of the contributions
William F. Sharpe , Ph.

About ICM Asset Management, Inc. For more information on The
Moorings visit http://www .