CCAP.L Regulatory News (CCAP)

14 Nov 2007 07:01

Charlemagne Capital Limited14 November 2007 14 November 2007 OCCO Eastern European Fund Closes to New Investment Charlemagne Capital ("Charlemagne"), the specialist emerging markets group,announces that its OCCO Eastern European Fund ("the Fund") has reached capacityand is now closed to new investment. Assets under management have doubled sinceJanuary 2006 and currently stand around USD 270 million. The Fund has generatedan annualised return of 17.2% since its inception on 31 December 2001 and is up21.5% year to date. The Fund adopts a more market neutral, or non-directional, strategy than otheremerging market hedge funds, which tend to have a bias towards long positions.It uses a bottom-up, stock-specific, focus to secure absolute returns,uncorrelated with the underlying markets in which it invests. Charlemagne's OCCO Global Emerging Markets Fund remains open to investors. Ithas generated an annualised return of 15.8% since it was launched on 31 May 2004and is up 19.4% year to date. Enquiries Charlemagne Capital 020 7518 2100Varda Lotan, Marketing Director Smithfield Consultants 020 7360 4900John KielyGeorge HudsonTom Hardman Notes to Editors Charlemagne Capital is a specialist emerging markets equity investmentmanagement group with a product range comprising mutual funds, hedge funds,institutional and specialist fund products across all markets. CharlemagneCapital employs a range of investment strategies including: long only, long/short, structured products and private equity. Charlemagne Capital's funds aimto exploit the inefficiencies in the market via a strict bottom-up approach andfocused stock selection. There are currently four funds in Charlemagne's OCCO range, all characterized bytheir ability to invest both long and short to produce consistent absolute andrisk-adjusted returns. In addition to Eastern European and Global EmergingMarkets, there are also OCCO funds covering Latin America and Asia. All fundsemploy Charlemagne's distinctive stock-specific approach to exploitinginefficiencies in emerging markets. Through the strong long-term investment performance track record of itsprincipal funds, Charlemagne Capital has established itself as a market leaderin emerging markets investment management. Its performance has been recognisedthrough numerous awards and top rankings for its funds, including the 2005Standard and Poor's 5-year best performing fund award in Austria, the 2006 SwissLipper Leaders 5-year award winner for Emerging Markets Europe and an AA-ratingby Standard & Poor's for its Magna Eastern European Fund. This information is provided by RNS The company news service from the London Stock Exchange