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From Precy Dumlao, Opalesque Asia:

Jürg Bühler, the fund administrator of the Cayman-domiciled Dynamite CTA Fund and DynamiteF3 has announced a slew of major changes in the funds' operations and described them as "exciting improvements."

In a letter to investors, Bühler disclosed that he entered into a cooperation agreement with Swiss-based managed futures-focused manager Alternative Investment Partner (AIP), which will make AIP the Dynamite Fund's new investment manager. Under the agreement, Dynamite Fund will be renamed AIP Liquid Trading Fund and will focus on liquid trading strategies with managers that are more established.

DynamiteF3 will be incorporated in the new fund, the executive revealed as part of what he described as restructuring.

He explained, "The aim is to allocate to these strategies via managed accounts. This will further increase transparency and reduce strategy and operational risks. Furthermore, managed accounts allow a more efficient use of capital and provide better liquidity as well as lower costs. There will no longer be a set minimum allocation to longer-term Trend Followers and allocations to equity trading strategies will be possible going forward, which we expect to have a positive impact on the portfolio performance."

Bühler justified the choice for AIP because of its impressive track record in managing the......................

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