Updates

MAR Hedge 02-2004

QUANT ASSET MGT TO LAUNCH TWO EQUITY FUNDS
Quant Asset Management plans to launch the QAM Global Equities Fund and the QAM Asian Equities Fund in April. QAM's investment style has a systematic quantitative approach, analyzing a suite of investment factors. A black box feature dynamically allocates weightings to these factors, taking into account market changes. Long stock positions are dynamically hedged with swaps on the funds' benchmarks.

The QAM funds are domiciled in the BVI; the administrator is Citco. Selection of a prime broker and custodian is under negotiation. Fees are 1.5/20 above a high water mark. Minimum investment is US$150,000.

Singapore-based QAM was founded in November 2003 by Frank Holle and another partner on a 50/50 basis. The partner will be not be named until launch because of current employment restrictions. Holle was previously with ABN Amro Amsterdam, and later with Merrill Lynch London as a director of institutional equity sales, before starting Capital FM, a BVI-based licensed fund manager in 2002. He is also the co-founder and co-manager of the Aims Absolute Asia Fund, which is based in Kuala Lumpur, Malaysia

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