Global's Fof F ranked among the world's top

Date: Tuesday, December 12, 2006
Author: AME Info.com

For the second consecutive year, Eurekahedge ranked the Global Distressed fund among the world's top ten from a list comprised of over 1300 competitors.

Mr. Hani AlJazzaf, Head of Hedge Funds Division at Global, said that Eurekahedge, the world's largest independent hedge fund research company, ranked the Global Distressed Fund as the 6th best Fund of Hedge Funds in the world, in terms of returns adjusted for risk, from a list of 1324 similar funds.

Including November estimates, the fund has generated an impressive year-to-date return of 11.89%, with a sizeable 71.09% return since inception in October 2002 posting an annualized return of 13.66%. This achievement came despite bearish market conditions that the fund initially faced.

With respect to similar funds, the fund ranked 2nd best Distressed Fund of Hedge Funds in the world in terms of Sharpe Ratio, 3rd in terms of Maximum Loss and 4th in terms of Annualized return, by EurekaHedge.

As a result of diligent manager selection and portfolio management, the Global Distressed Fund has achieved high returns with a low volatility of just 2.91%. Since inception, the fund has exhibited a Sharpe Ratio of 3.30, evidence of stable returns taking into account risk.