LJH Global Investments To Move U.S. Corporate Headquarters; Announces Management Promotions.

Business Editors

NAPLES, Fla.--(BUSINESS WIRE)--April 29, 2002

LJH Global Investments, LLC, the global hedge fund advisory firm, announced today that it will move its U.S. corporate headquarters to a new location in Naples, Florida.

Effective June 3, the firm will be located at 2640 Golden Gate Parkway, Suite 201, Naples, Florida 34105; telephone: [phone]; fax: [phone].

"LJH's operations have grown significantly during the past few years to meet the needs of investors who rely on hedge fund investing as an integral part of their portfolio. The new headquarters will be home base for our firm's expanding operations, marketing, and research departments and will support our branch offices in London and San Francisco," said LJH Global Investments President James R. Hedges, IV.

In addition, the firm has promoted Willis W. Williams to Chief Operating Officer and Shoaib A. Khan, MA, CFA, CPA to Senior Vice President-Research.

Williams joined LJH in October, 2000 as Chief Financial Officer. He is responsible for the day-to-day operations of the firm, corporate finance, deal structure, contract negotiations, compliance and regulatory matters.

As a senior member of LJH's research team, Khan specializes in the hedge fund strategies of merger arbitrage, convertible debt arbitrage and distressed securities. He joined LJH from the City of Miami's GESE Retirement Trust where he worked as Chief Financial Officer to manage investment matters related to the $600+ million public pension fund.

William C. Helms is the newest member of the LJH Global Investments' Advisory Board. Helms has served as an Executive Vice President at LJH and also is the former Co-President of Bank of America's Private Bank where he oversaw a $1.6 billion revenue organization with more than 4,000 employees in 100+ offices.

LJH Global Investments, LLC was founded in 1992 by James R. Hedges, IV to manage private assets, and has rapidly developed into a leading hedge fund industry specialist. The firm has advised numerous private investors, financial institutions, and registered investment advisers on the development of fund of hedge funds strategies.

For additional information, visit the corporate website at http://www.ljh.com.

All expressions of opinion included herein are subject to change without notice and are not intended to be a guarantee of future events. This document is for information purposes only and does not constitute a solicitation to buy or sell securities. Opinions expressed herein may differ from the opinions expressed by other businesses and activities of LJH Global Investments, LLC and LJH Global Investments, Ltd. Although information has been obtained from sources believed to be reliable, LJH does not warrant the accuracy or completeness and accepts no liability for any direct or consequential losses arising from its use. LJH Global Investments, LLC provides advisory services in the areas of hedge funds and alternative investments. Not all products and services are available in all locations, and not all investments are suitable for all investors.

NOTE: Photos available upon request.