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Opalesque Exclusive: Niagara Capital Partners and Friedberg Mercantile Group launch offshore feeder fund Niagara/Friedberg Global-Macro Fund Niagara Capital Partners and Friedberg Mercantile Group announced the launch of the Niagara/Friedberg Global-Macro Fund Ltd., an offshore feeder fund of the Friedberg Global Macro-Hedge Fund Ltd. The Niagara/Friedberg Global-Macro Fund Ltd. is administered by Cayman National Trust Co. Ltd.

The Friedberg Global-Macro Hedge Fund Ltd. gained 1.07% in February 2007. The fund was down -1.01% in January, bringing the YTD to 0.06%. In 2006. the fund returned11.70%. On February 27th, when the S&P lost 3.5%, the NAV of the Fund increased by an estimated 0.3%.

Since February 1st the fund's assets have grown by 9.7% to approximately $253. It is expected there will be a soft close of the fund at 400-450 million. (www.niagaracapital.ca)

Opalesque Exclusive: Thales launches 130/30 strategy with `unique variable overlay approach` Thales Fund Management is formally announcing the launch of the Leros Fund -- a quantitatively managed 130/30 strategy designed to match or exceed the returns of broad-based US equity indices with significantly lower volatility and beta to benchmark indices. Leros has just completed its first full year of trading and the performance has given the firm the confidence to open the fund to outside investment.

The Leros Fund is quantitatively modeled to maintain 100% net exposure ......................

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