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Opalesque Exclusive: Delman`s unique 100/30 fund on track to return 8% pa as August hits 5% YTD return From Kirsten Bischoff, Opalesque New York: Opalesque has learned that Geneva-based manager Delman SA, which launched the DM Swiss Equity Asymmetric Fund on November 30, 2007 (see previous Opalesque coverage: here) into "some of the most challenging market conditions in many, many years", is on track to attain its 8% net target, reaching 5% net YTD as of August 22.

100/30 strategy The Fund utilizes a unique 100/30 structured to invest in Swiss equities. It seeks to achieve a lower risk profile of the Swiss Equity Indices by investing up to 100% in 20-30 stocks designated to be market leaders the managers believe have sustainable top line growth and shorting up to 30% in companies with a capitalization of at least half a billion CHF and which the managers believe are overvalued. According to investor documents which Opalesque was able to obtain the managers' entered May and June with very low market performance expectations and accordingly increased the Fund's short holdings and reduced net exposure. Market corrections in the first half of July additionally allowed the team to enter positions as pre-determined price sets were reached. The fund incre......................

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