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Alternative Market Briefing

Swiss firm creInvest believes best opportunities will remain in trading-related strategies, hedge section of portfolio -6.69% in H1

Wednesday, August 27, 2008

From the Opalesque team: Hedge fund investment firm creInvest lost $11.9m in H1-2008, following profits of $18m a year earlier. The NAV was at $273.48 on 30th June, down 4.53% from end-2007 (Romandie.com).

In their semi annual report(Source), creInvest stated that for the period January 2008 to June 2008, the equity hedge section of creInvest's portfolio returned -6.69%, the trading section returned 10.73%, the arbitrage section portfolio returned -9.98%.

The report continues: "In such a challenging environment, many investors will be ......................

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