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Global fund Kuwaiti hedge fund outperforms benchmarks.

Byline: Staff Report

Dubai: Kuwait Global Capital Management Ltd, the alternative investment funds arm of Global Investment House, has announced positive results for Global Umbrella Europe Hedge Fund.

The fund has returned about 6.6 per cent year to date 2009, outperforming its respective benchmarks.

It outperformed Eureka Hedge Europe, Multi strategy fund of funds index (2.78 per cent) which represents the funds in Europe by over 100 per cent and the MSCI Europe index (4.3 per cent), a Europe focused equity index by over 50 per cent.

During 2008, when the European capital markets were exposed to high systemic risks, the fund followed a conservative approach by reducing its exposure. By the beginning of 2009 when systemic risks were reduced, it shifted to a more prudent strategic approach by investing into hedge fund strategies that can generate alpha while maintaining low volatility.

"The Hedge Funds team at Global Capital Management provides prudent investors looking at Hedge Funds for diversification a wide range of products that can meet any investor need within this asset class," said Shailesh Dash of Global Capital Management


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Publication:Gulf News (United Arab Emirates)
Date:Aug 28, 2009
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