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Opalesque Exclusive: Bryan Garnier fund loses 9.58% in August as market downturns trigger stop-loss mechanisms Bryan Garnier European Growth Long Short Fund reported a net performance of -9.58% for August 2007, pushing down the YTD to -10.26%. The fund incurred losses also the three previouis months: May: -4.98%, June: -0.85% and July: -7.30% . The fund was launched in August 2006 and returned a respectable 10.33% for the five months of that year. AUM stands at EUR 3.67 Million as of August 31th, 2007.

According to an investor communication obtained by Opalesque, “the liquidity crisis led to a considerable overshoot of predefined stop-loss levels in the Fund's portfolio, particularly in investments of small cap stocks. The long book of the Fund portfolio suffered considerably, loosing -8.7%. The short book contributed marginally negative and the hedge book was nearly flat.” Bryan Garnier added “the manager has imposed stricter diversification rules on the stock portfolio to limit the risk in the current high volatility environment. Furthermore leverage has been lowered until more normal market conditions will prevail.”

Opalesque Exclusive: Rocket scientist`s CTA bounces back with whopping 24.22% in August Paskewitz Asset Management (PAM) announced a sharp gain of 24.22% net performance in August 2007, a month where many managers in most strategies suffered outsized losses. The gain represents PAM’s best month during the live history of......................

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