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Opalesque Exclusive: GLS`s EM, macro and MENA hedge funds make a dramatic recovery in April due to GCC markets GLS’ suite of funds (Global long/short, GEM and MENA focused hedge funds) posted impressive results in April due to their rapid deployment of capital in the GCC in the first few days of the month. GLS feels that the intensive research and commitment to the Gulf markets that it has made since 2006, when the region first opened to foreign investment, is starting to pay material dividends. This effort enabled GLS to seize on the opportunity that the volatility of the first quarter created. Today, GLS has built a robust, focused portfolio in the GCC markets that has more than withstood the stresses of March.

Geoffrey Symonds, the firm’s PM, maintained the firm’s core long positions in the Gulf during the March sell off and was particularly pleased with how rapidly these positions rebounded during April.

GLS was founded in 1996 by Geoffrey L. Symonds. The firm manages approximately $775million in global mandates in both hedge funds and managed accounts. It has offices in New York, London, Jeddah and Sydney. Contact: Kristi Jernigan, Director of Business Development, Phone: +44 207 659 3132, E-mail: kjernigan@glscapital.com.

Last year`s biggest losers rebound in Q1 From WSJ.com: While it is still too early for hedge-fund honchos to celebrate, the biggest winners so far this year are some of the funds that had the biggest losses ......................

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