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Benedicte Gravrand, Opalesque Geneva:

"The Silverhorn SICAV-SIF Dynamic Relative Value Fund has now officially launched," Jessica McCarroll announced in an e-mail on Friday. "All returns from October onwards will be provided weekly by our administrator, Oppenheim Asset Management Services S.à.r.l."

Jessica McCarroll, who has lived in Asia since 1990, is co-CIO of Siverhorn Advisors, a Hong Kong-based firm active in wealth management, private equity and asset management. She has 25 years experience in the finance industry which includes the co-founding of Lynx Arbitrage, one of Asia's most successful volatility arbitrage funds, in 2004.

Her new fund, the Silverhorn Dynamic Relative Value Fund, utilizes a proprietary model, which has been successfully used since January 2007, to determine when markets are risk on or risk off. The Asia equity relative value portfolio, which exploits anomalies in equity pairs in the Asia Pacific region using a proprietary quantitative stock selection model, extracts pure alpha with net exposure of 0% when risk is on. Immediate re-allocation from equity relative value to cash occurs when risk is off.

The fund returned 18.4% in 2011, 12.3% in 2012, and is up 6.3% YTD (net) after gaining 0.7% in September. According to the fund’s monthly letter, the proprietary risk signal remains risk on, a......................

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