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Capricorn's new FXG10 Fund gaining attention

Regensdorf ZH (ots)

Currency specialist Capricorn Asset
Management successfully launched a new fund this year that is quickly
gaining investor interest.
April 2008 was the launch-date of Capricorn's latest product
offering, an Offshore FX Fund trading G10 currencies.  The strategy
is categorized as being Long Term, Fundamental that seeks alpha
opportunities by exploiting currency arbitrage and exchange rate
differentials.  Seeding came from a small group of private investors
with an initial CHF 0.7 million however, after 3 months of consistent
positive performance an additional CHF 3 million has been committed
to the fund.  The fund has returned approximately 5% net of fees in
its first quarter of trading.  Capricorn CIO and Founding Partner
Mikkel Thorup, developed the long term program to compliment the
firm's existing 'pure alpha' strategies.
Domiciled in the Cayman Islands, the fund is administered by CIBC
Bank and Trust Company, and audited by BDO Tortuga. As an Offshore
fund vehicle the strategy is currently only available to non-US
citizens, however a US-onshore fund will be available in the next few
months.
Capricorn is an established currency manager with a global client
base that includes; Banks, Asset Allocators, Institutions, Investment
Funds and High Net Worth Individuals. As of today, the company has
more than 50 years of experience within the investment advisory
arena, currently advising over US$200 million in client assets. Since
1999 Capricorn has produced superior risk adjusted returns in its
'pure alpha' strategies managing an additional US$75 million, trading
high liquid currencies as managed accounts and offshore funds for
Individual and Institutional clients.
For further information please access our website at:
http://www.capricornfx.com

Contact:

Mike Rasmussen
Partner
Chief Operating Officer
Capricorn
Wehntalerstrasse 190
CH-8105 Regensdorf/ZH
Switzerland
Tel.: +41/44/340'00'80
Direct: +41/43/931'53'21
Fax: +41/44/355'32'08
E-Mail: mr@capricornfx.com
Internet: http://www.capricornfx.com