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Alternative Market Briefing

GAIA Resources Fund celebrates 5th year, up 123% ITD

Wednesday, July 01, 2009

From the Opalesque Team:

GAIA Capital Advisors, a Geneva based asset manager specializing in natural resources and emerging markets, has announced that the GAIA Resources Fund was celebrating its 5th-year anniversary.

The fund began trading in May 2004 and $100 invested on day one would have yielded $223, or up 123% to the end of May 2009. Moreover the relative performance is among the strongest in the industry for global natural resources funds.

GAIA Resources Fund (A-class), an open-ended, Cayman-domiciled fund, returned 24.87% in May, 62.62% YTD. It produced outstanding returns each year since its inception, apart from 2008, when it returned -70.1%. Barclay Hedge ranked the GAIA Resources Fund in the top 5 of 84 funds in the Emerging Market Global category for March, April and May 2009.

More recently the financial crisis has had a profound effect on the industry and in turn has driven some important evolutions of the fund’s strategy. The strategy still focuses on natural resources, including energy and agriculture, mainly in emerging regions, however, GAIA is now targeting more liquid companies in more mature stages of their business cycles (i.e. producing companies or close to production vs. pure exploration on the mining side).

In light of recent moves in the energy markets and the difficulty to predict this dynamic sector, GAIA has produced a special report entitled “Views on Energy and Uranium Sectors”: ......................

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