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The objective of this Index is to provide a fair, reliable and unbiased representation of the UCITS absolute return performance. The Index consists of a sample of the 50 top equally weighted UCITS hedge funds. Fund selection follows transparent, rule-based and replicable selection criteria and is overseen by an Index Committee. The Blue Chip Index is rebalanced quarterly. Although it is still reserved for institutional clients, the Axiom Fund will shortly be registered in a number of European countries, including Switzerland, which will enable it to be accessible to the general public.

Alessandro Mauceri, CEO of Palaedino Asset Management, says: ”I strongly believe that UCITS alternative funds are not hype but are here to stay - especially in the aftermath of the 2008 problems encountered by offshore hedge funds, such as gates, side pockets and suspension. When investing in hedge funds, investors now demand the same level of protection as that offered by onshore regulated funds. This product will provide broad exposure to the performance of alternative strategies available in the UCITS III universe within a well-diversified and liquid product.”

Louis Zanolin, CEO of Alix Capital, says: “We are delighted and enthusiastic about this positive evolution of the UCITS Alternative Index. Since the launch of the different benchmarks we have received a great deal of interest in tracker products from a variety of investors. The Axiom Fund is therefore a natural evolution for the UCITS hedge funds in general and the UCITS Alternative Index in particular.”

(press release)

About the UCITS Alternative Index
The UCITS Alternative Index series is the industry's leading benchmark for UCITS hedge funds. The series of indices tracks the performance of both global and strategy-specific UCITS hedge funds; the UCITS Alternative Index series is equally weighted. The inception of the UCITS Alternative Index Global occurred on 1 January 2006, with that of all other indices on 1 January 2008. Information on performance is accessible on the UCITS Alternative Index website www.ucits-alternative.com. The UCITS Alternative Index is a registered trademark and Alix Capital is the exclusive agent for the UCITS Alternative Index.

About Palaedino Asset Management
Palaedino Asset Management is an arm of the Palaedino Group. The Group was set up in 2006 by skilled professionals. Palaedino Asset Management is an independent company which manages assets for institutional clients and high net-worth families. The Company specializes in inventive strategies with a focus on capital preservation. www.palaedinoam.ch.

About Alix Capital
Alix Capital is a Geneva-based investment company specializing in alternative investments. Founded by a team of experienced alternative investment specialists and the Palaedino Group, a Swiss-based private wealth-management company, Alix Capital provides research and advisory services to the institutional investor community in the field of absolute return investing. The Company is responsible for the calculation, licensing, branding and marketing of the UCITS Alternative Indices. Alix Capital also publishes the UCITS Alternative Quarterly Industry Report, the leading industry report dedicated to the UCITS hedge fund industry. www.alixcapital.com.

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