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From Komfie Manalo, Opalesque Asia:

Bahamas-based Magnum BGM Select Opportunities Fund (CSOF) outperformed all its benchmarks by a "considerable margin" in August 2012 by maintaining the portfolio it has built for several years.

In its monthly report to investors, Greg Bortz said that the fund returned +3.07% in August (Class A) and +17.76% YTD, against the S&P 500 which gained +1.98% (+11.85% YTD) and the MSCI World at +2.29% (+8.17% YTD). This share class has returned 57% since its Nov.’08 inception. Mr. Bortz co-founded CREO, the Lost-Angeles-based financial group that runs the fund, and leads its investment management business. U.S.-based asset manager Magnum Funds represents the fund.

CSOF is an opportunistic long/short fund which embraces an event-driven, multi-disciplined strategy to identify pricing anomalies in publicly traded securities.

The Hennessee Arbitrage/Event Driven Index advanced +1.05% (+5.30% YTD) in August.

Bortz said, "We continue to analyze our investments to ensure that the fundamental theses remain intact and that the......................

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