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Alternative Market Briefing

Opalesque Exclusive: Tunnelbrook hires new director, Prima Fund is up 6.5% (est.) in October, 11.35% YTD

Monday, November 24, 2008

Tunnelbrook’s Prima Fund is up over 6.5% since September, a particularly painful period for most other market participants. The net performance of the fund YTD is +14%.

Prima employs a short term US equity trading strategy that does not use leverage. The fund is uncorrelated to both the S&P and other hedge fund strategies. All of the risk positions are liquidated to cash daily and as such there are no overnight risk positions. The tremendous liquidity of the positions traded translates to transparency of the strategy and liquidity of the investment.

While the fund has performed well across different market cycles it has performed particularly well during periods when fear and panic ......................

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