| February 26, 2007 | -- Capricorn Currency Funds now available
The Capricorn Currency Programs are now available to investors as both a Managed Account and a Fund setup.
REGENSDORF, Switzerland, February 26 (PRNewswire) -- By establishing a Fund for the Capricorn fxST and Capricorn fxMT strategies, clients are able to invest into the programs with the added security of the investment being professionally administered with an annual audit. The two Offshore Fund vehicles will have Fund Advisers SA, Geneva, as Fund administrators, and Moore Stephens, Geneva, as Fund auditors.
The Fund based on Capricorn's short term, discretionary program, named Capricorn fxST (Aggressive) SP013 has a weekly subscription period with a monthly redemption following a 2 day notice period. The Fund based on Capricorn's medium term, systematic program, named Capricorn fxMT (Aggressive) SP016 has a monthly subscription and redemption period, following a 2 day notification. Both Funds are domiciled in the Cayman Islands.
Fund Advisers SA of Geneva, a Swiss regulated and independent financial consultancy, will administer the funds providing investors with a weekly NAV calculation. The Geneva office of Moore Stephens SA, a member of the Swiss institute of certified accountants and tax consultants with an international network with over 15,000 staff and 539 offices, are the fund auditors.
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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, and manages over US$60 million in client assets. For the last eight years Capricorn has produced superior risk adjusted returns in its investment programs, trading high liquid currencies as managed accounts and offshore funds for Individual and Institutional clients. The vision behind Capricorn is to reach our capacity of US$ 250 million, managing the assets of professional investors. To achieve this goal our aim is to provide premium investment programs that seeks, strong returns with low volatility and a low correlation to other investment vehicles. In order to strengthen our ability to add value to our clients’ portfolio, we choose to develop and maintain relationships with reputable financial institutions that are leaders in their field.
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