Rebound in stock markets boosts equity income
CC&L, UBS Global each to manage $500 million
Co-investment with Paul Capital
Private equity commitments rise to $5.5 billion
VP resigns over differences in "management philosophy"
Rise of stocks, bonds boosts results
Private equity commitments bring total to $5.3 billion
Negative return of 1.5% in 2003 fiscal year
Guidelines oppose stock options
Stronger quarterly results erase earlier losses