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Alternative Market Briefing

Forum Asset Management fund family gains up to 9.5% in September

Friday, October 31, 2008

From the Opalesque Team: Opalesque has learned that New York-based firm Forum Asset Management, which oversees four emerging markets funds has posted September returns of:

Forum Absolute Return Fund +9.50% (+23.24% YTD) Forum Global Opportunities Fund +2.54% (+25.73 YTD) Forum Asset Based Investment Fund +0.87% (+9.52% YTD) Forum Hard Assets Fund +0.97% (+10.84%)

The firm’s investment philosophy believes the best opportunities often lie in niches where there are inherent inefficiencies to exploit and places a high value on returns which are uncorrelated to the traditional markets.

Top performing Absolute Return Fund The Absolute Return Fund, which led performance for September utilizes a long/short credit strategy which is focused on the global emerging markets. The Fund, which was launched in 1999 has invested opportunistically through such global emerging market events such as the Russian Crisis, Ecuador Defaults, Argentina Defaults, and Brazil Near Defaults (amongst others) maintaining positive returns every year for the nine years in which it has existed and returning annualized performance of +22.97%.

When Opalesque had the chance to meet with Forum Asset Management early this past spring, the Absolute Return Fund managers took the view that the market rebound in the time after the Bear Stearns rescue was masking significant deterioration in the fundamentals of the US economy ......................

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