Subject: Launch of the AustraliaHedge Composite Index and the Terrapinn AustraliaHedge League Tables
From: "Andrew Crawford" <[email-masked]>
To: "'Matthias Knab'" <[email-masked]>
Date: Wed, 9 Mar 2005 19:25:08 +1100

FOR IMMEDIATE RELEASE

 
Launch of AustraliaHedge Composite Index and Terrapinn AustraliaHedge League
Tables - Australian managers outperform offshore peers by nearly fifty
percent in 2004

Melbourne, Australia, March 9th, 2005:

AustraliaHedge is proud to announce the inaugural results for the
AustraliaHedge Composite Index that tracks the performance of local funds
compared to their overseas peers. 
 
As at December 31, 2004 the annual return of the AustraliaHedge Composite
Index was 12.2 percent compared to their overseas peers as measured by the
HFRI Fund Weighted Composite Index that returned only 8.9 percent for the
same period. 
 
Mr. Crawford said "to a degree this result reflects the underlying strong
performance of the local equity markets in 2004, but more importantly the
high quality of local managers compared to their competitors overseas." He
believes that Australian managers have not received the attention they
deserve from large offshore investors and need a publication like
AustraliaHedge to give them the exposure they need to enhance their overseas
capital raising efforts.
 
The AustraliaHedge Composite Index incorporates the LCA Publications
Australian Fund Database that covers the entire universe of Australian
hedge, absolute and boutique funds. It is the largest database of Australian
hedge, absolute and boutique funds with 141 funds included, 44 of which are
fund of hedge funds and 97 single-strategy funds. Detailed one-page
factsheets will be available in the AustraliaHedge Yearbook that will
published in May/ June 2005 and will also be accessible via an internet site
that will developed in the third quarter of 2005.
 
According to the Terrapinn AustraliaHedge League Tables the top five
performing funds in 2004 based on 12 months performance as at December 31,
2004 were:
 
1.                  Mathews Capital Sabre Fund:  146.85 percent
2.                  BGI Equitised Long/ Short Fund:  45.22 percent
3.                  Prime Value Growth Fund: 43.97 percent
4.                  Prime Value Imputation Fund: 39.66 percent
5.                  Hayberry Australian Equity Fund: 36.50 percent
 
According to the Terrapinn AustraliaHedge League Tables the top ten
performing funds in 2004 based on 36 months performance as at December 31,
2004 were:
 
1.                  Prime Value Imputation Fund: 182.40 percent
2.                  Hobereau Futures Fund: 173.41 percent
3.                  BGI Global Ascent Fund (Bondised): 164.76 percent
4.                  Prime Value Growth Fund: 118.27 percent
5.                  BGI Equitised Long/ Short Fund: 105.77 percent;
6.                  Opis Capital Dynamic Equity Fund: 90.07 percent
7.                  Affinity Capital Investment Trust: 82.63 percent
8.                  PM US$ Absolute Performance Fund Ltd: 77.32 percent
9.                  PM US$ Australian Opportunities Fund Ltd: 76.99 percent
10.             K2 Australian Absolute Return Fund: 75.11 percent
 
Mr. Kim Ivey, Chairman of the Alternative Investment Managers Association -
Australia (AIMA) said about AustraliaHedge: "AIMA supports better education
and transparency within the alternative investment industry. The gathering
and publication of performance returns for Australian hedge fund managers
and CTAs by AustraliaHedge is a positive step forward in improving the
transparency of performance data for investors, advisors and regulators. We
welcome this initiative."

 
If you have any questions or would like more information please do not
hesitate to contact Andrew Crawford directly on +61 3 9601 4513 or email him
at [email-masked]

 
 
About AustraliaHedge
 
AH is privately owned and was founded in February 2005 by Andrew Crawford
and Daniel Liptak to provide local hedge, absolute and boutique fund
managers with a publication to provide them with greater exposure to the
local institutional investor and offshore investor markets. Andrew Crawford
will be responsible for the publication. The publication includes the most
comprehensive League Tables of Australian funds and the AustraliaHedge
Composite Index. The magazine is distributed to over 25,000 investors
globally. Some of the sponsors of the magazine include Ernst & Young,
Macquarie Bank, Capital Introduction Partners and Alternative Asset Center. 
 
AustraliaHedge is the only regular industry publication dedicated to
servicing all segments of Australia's Hedge Fund, Absolute Return Funds and
Boutique Funds investment industry both locally and offshore. 
 
In addition to being an important news and information source for those
wanting to keep up with the latest developments in the industry.
AustraliaHedge prides itself on in-depth research and analysis of important
areas of the market, including investment trends, fund performance,
mandates, manager searches being conducted, administration, prime broking
and custody. 
 
AustraliaHedge aims to link service providers, fund managers, asset
allocators, asset consultants and fund-of-fund managers with a forum to gain
a better knowledge of the local industry. Whether it be an offshore
fund-of-fund looking to allocate to a local manager or a local manager
looking to appoint a new fund administrator or lawyer.
 
END

Andrew Crawford
 
AustraliaHedge
Level 50
101 Collins Street
Melbourne  3000 Australia
 
Tel:   +61 3 9653 9660
Fax:  +61 3 9653 9671
Mob: +61407 030269
 
Website: ww.lcapublications.com

 

 

Andrew Crawford
 
Investor Select Advisors Pty Ltd
Citibank Centre
350 Collins Street, 7th Floor
Melbourne 3000
Australia
 
Tel:   +613 9601 4513
Fax:  +613 9601 4501
Mob: +61407 030269
 
Website: ww.invsel.com