Cambiar Investors | Third Quarter Commentary

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Third Quarter Commentary - by Brian Barish, President

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2009-10-29

But if our view is correct in its most basic aspects, then not unlike the internet mania of the late 1990s, there is both a problem here and an opportunity of substantial proportions for investors.

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Cambiar Investors LLC 2401 E. Second Avenue Denver, CO 80206

Mutual fund investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility and international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which can be obtained by clicking here or calling 1-866-777-8227. Please read it carefully before investing. There is no guarantee that the Funds will meet their stated objectives.

Cambiar Funds are distributed by SEI Investments Distribution Co., Oaks, PA 19456, which is not affiliated with the Advisor.

Cambiar Funds are available to US investors only.