Montrusco Bolton gathering assets

Date: Monday, March 22, 2004

The Montrusco Bolton Focus Absolute Return Global Fund has surpassed $100 million USD, in assets, according to Frank Belvedere ,Vice President Alternative Investments at Montrusco Bolton Investments Inc. in Montreal, Canada .' We enjoyed an excellent 2003 returning 9.25% in Canadian dollars, which would have amounted to over 30% for a US investor in our Canadian dollar unit, due to our currency hedging activity. Canadian institutions are rapidly catching up to the rest of the world and are allocating more actively to well managed hedge strategies. We expect our asset base to double or even triple , in 2004 ', he said.