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Opalesque Exclusive: Reech AiM to launch multi-strategy relative value crude oil fund in July Benedicte Gravrand, Opalesque Geneva: Christophe Reech, chairman and CEO at London-based Reech Alternative Investment Management, announced that he is targeting the launch of a new fund on 15th July 2008. Volcano is a relative value crude oil fund using very similar techniques as Iceberg in the real estate but applied in the natural resources and energy area.

It is multi-strategy relative value fund focusing on oil trading across a broad spectrum of instruments: futures, swaps & options on crude oil, refined products & freight – no physical assets. Its objective is to generate absolute returns regardless the trend of the oil markets through multi relative value strategies and achieve commodity-like returns with less volatility than mainstream oil investments (ie long only or price driven strategies). The fund targets 18% return and less than 12%.

“The fund is a non-directional fund on Crude Oil,” Mr. Challlande said to Opalesque in an email communication. “It is a relative value fund and not a fund just surfing the current commodity enthusiasm.

“The team is an experienced team in trading Crude Oil from the inside of the Oil industry and not another future investment manager.

“We are looking for construction of uncorrelated strategies using various asset classes but all......................

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