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Alternative Market Briefing

Two Niagara Friedberg funds post positive gains in April to offset losses of previous month

Thursday, May 12, 2011

From Komfie Manalo, Opalesque Asia:

Two funds managed by Niagara Friedberg Funds returned positive performances in April after registering losses the previous month.

The Friedberg Global-Macro Hedge Fund Ltd was +9.53% last month (+5.06% YTD). Since inception in December 2001, the fund has gained +17.16%.

Because of April’s positive gains, the fund was able to recover from the -0.71% loss posted in March. With last month’s strong performance, the fund’s asset under management (AuM) expanded to $767.1m, the firm disclosed.

Meanwhile, Niagara’s other fund, the Niagara Discovery Fund returned +7.07% (+7.64% YTD) during the same period bringing its compounded annual rate of return since inception to +20.12%. In March, the fund was down 1.0%.

Niagara founder and co-chairman David Rothberg said that so-called "risk-on" trades, including stocks, commodities, and currencies, rose significantly in April. He thanked some of the policy changes introduced by U.S. Federal Reserve Ben Bernanke which also helped bonds rise during the period.

Amongst the announcements made by Bernanke was that the US would keep interest rates low amidst slowing GDP growth and lower job creation, and to re-invest m......................

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