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From Precy Dumlao, Opalesque Asia:

All three funds from London-based investment management firm Coriolis Capital Ltd, returned positive performances in July.

In separate monthly reports to investors, Coriolis, which focuses on insurance-related derivatives, including catastrophe bonds and options and weather derivatives, cited the strengthening of the Euro in July for the three funds' performance.

Although, many analysts are predicting the Euro's advance cannot be sustained. Last week, hedge funds expressed bearish outlooks on the Euro following its recent advance, the Wall Street Journal reported. The report quoted New Jersey-based hedge fund manager William Allen as saying that it was again time to bet against the Euro as many investors are skeptical about the currency's prospects.

In May, Swiss banking group SYZ & Co., said that the Euro crisis to hit the Eurozone in the second quarter of this year could strengthen Europe's Monetary Union in the long term but weaken the region's growth in the shorter term. The bank also predicted Germany would benefit "for a number of years," and emerge a winner from the current situation (See Opalesque Exclusive: here).......................

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