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Opalesque Exclusive: Forum Global Opportunity Fund posts gain of 25.26% YTD, 4% in July Harvey N. Black III, Managing Director at Forum Asset Management, LLC, sent the following communication to Opalesque: Forum Asset Management’s global emerging market equity long/short fund the Forum Global Opportunities Fund finished what was a difficult July for most of the hedge fund industry with a return of +4.00%. This brings year to date performance to +25.26%. Implementing an analysis regime based heavily on macro-economic fundamentals helped the fund to post a +79.81% return in 2007 and an annualized return of 34.24% since inception in 2005.

Portfolio manager Ray Bakhramov stated that “Focusing on global themes has enabled the fund to take advantage of, rather than be hurt by, the effects of financial de-leveraging, commodity price volatility, and the impact on emerging market economies of slower growth in the industrialized world.” “A true long/short emerging market equity strategy is a great vehicle for expressing global macro-economic views at this point in the market cycle” added Mr. Bakhramov. Forum’s other emerging market focused funds the Forum Absolute Fund, Forum Hard Assets Fund, and Forum Asset Based Investments Fund have returned YTD, +9.58%, +8.00%, and +7.36% respectively…Corporate website: Source

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