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BSX Approves the Additional Listing Of 23 New FMG Funds
Hamilton, Bermuda: May 16, 2006 - The Listing Committee of the Bermuda Stock Exchange (BSX) announced the approval of the listing of the following FMG Funds:
FMG China Fund Ltd; Class A and Class B. The investment strategy of this Fund is to invest the fund's assets with independent investment managers in countries outside North America and Western Europe. The fund's assets will initially be wholly invested in China. The assets will be diversified among various managers with different investment styles, aiming to lower the risk and volatility.
FMG India Fund Ltd; Class A and Class B. The investment strategy of this Fund to invest the fund's assets with independent investment managers in countries outside North America and Western Europe. The funds assets will be initially wholly be invested in India. The assets will be diversified among various managers with different investment styles, aiming to lower the risk and volatility.
FMG India Opportunity Fund Ltd. The investment strategy of this Fund is to invest the fund's assets in a high risk / high return portfolio of Indian securities that may be late stage private equity, pre/post IPO small cap traded equities or equity related securities, either through managed accounts, mutual funds or traditional hedge funds.
FMG MENA Fund Ltd; Class A (USD and Euro shares) and Class B (USD and Euro shares) The investment strategy of this Fund is to invest the fund's assets with independent managers in countries outside North America and Western Europe. The funds assets will initially be invested in the Middle East and North Africa (MENA) Region. The assets will be diversified among various managers with different investment styles, aiming to lower the risk and volatility.
FMG COMBO Fund Limited; Class A (USD and Euro shares) and Class B (USD and Euro shares) The investment strategy of this Fund is to invest the fund's assets primarily in a combination of FMG funds that will give investors access to an actively managed diversified portfolio, mainly across FMG funds.
FMG Special Opportunity Fund Ltd; Class A and Class B. The investment strategy of this Fund is to achieve substantial capital appreciation. The fund will invest in one or more concentrated investment schemes. Once a theme is identified then the assets may be allocated to one or more investment managers.
FMG Rising 3 Fund Ltd. Class A (USD, Euro, GBP and NOK shares) and Class B (USD, Euro, GBP and NOK shares) The investment strategy of this Fund is that the fund's assets will be initially invested in securities which may be listed or unlisted, rated or unrated in China, India & Russia. The assets will be diversified among various managers with different investment styles, aiming to lower risk and volatility.
Apex Fund Services Limited has sponsored the listing of these FMG Funds. The securities are being listed under the Listing Regulations for Collective Investment Vehicles and the provisions for Open Marketing.
"We welcome the listing of these additional Funds on the BSX", said Mr. James S. McKirdy, Listing Manager of the BSX.
"We are delighted to have these FMG Funds listed on the BSX and to be able to benefit from its international reputation", said Mr. Hughes of the Apex Fund Services.
For further information on these FMG Funds, please contact Peter Hughes of Apex Fund Services Limited at telephone: 441-292-2739 or facsimile: 441-292-1884 or email: info@fmgfunds.com.