ZOL.L Regulatory News (ZOL)

28 Sep 2007 16:39

Crosby Capital Partners Inc28 September 2007 Crosby Capital Partners Inc ("Crosby") Forsyth funds Resume Normal Trading Crosby is pleased to announce the resumption of normal trading of the Forsyth Funds. Following the transfer of Forsyth Partners' investment management contracts toCrosby Capital Partners Ltd. on 18th September 2007, and the completion of theassociated regulatory approval process, the Forsyth fund range is to resumenormal trading. From Friday 28th September 2007 the entire range of Forsyth funds will be openfor trading with the exception of Forsyth Global Commodity, Forsyth GlobalProperty and Forsyth Private Equity Funds which will be open on Monday 1st October. Trading in the Forsyth Indian Opportunities Fund will follow shortly, once the appropriate regulatory approvals have been obtained. The Funds were suspended on 13th September when Forsyth Partners Ltd. went intoadministration. The suspension of Forsyth funds was not directly related to theday-to-day management of the funds and was not due to any market influences. The investment team, run by Chief Investment Officer Peter Toogood, remains inplace and the respective fund mandates are unaltered. Peter Toogood commented: "I am delighted that normal trading has resumed andthat the updated navs demonstrate the quality and robustness of the ForsythFunds. The Crosby deal has been sponsored by and involves the full participationof senior members of the distribution, investment and operational team. The dealinvolves the purchase of Forsyth's core operating and administrationinfrastructure, and hiring all of the staff within the UK plus key members ofthe overseas distribution team. In terms of products and services It will be business as usual." Toogood went on to say; "We remain passionate about the research-driveninvestment model we have created and we intend to grow the fund product rangeand avisory and bespoke side of our research service. With Crosby's support, ouremphasis will return to the International arena which is our true heritage." For further information please contact: For further information please contact Jayne Bowers: tel: 020 8649 9440 or email jayne.bowers@forsythpartners.com About Forsyth Partners and Crosby Capital Partners Forsyth Partners is a UK-based global asset management business with over US$1 billion of assets under management, and a market leading fund research andratings service. Forsyth Partners is wholly-owned by Crosby Capital PartnersInc. Forsyth specialises in 'fund of fund' portfolio management and has investmentmandates covering equities, bonds and alternative strategies. In constructinginvestment portfolios, Forsyth Partners aims to identify the finest investmentmanagers operating in the different capital markets around the world and blendcombinations of these managers to match client requirements and investmentobjectives. A robust research process is critical to the business and ForsythPartners uses both quantitative (statistical) and qualitative (judgmental)analysis to determine its manager selections. The business was established in 1991, and, over the last 15 years, ForsythPartners has provided research, consultancy and investment management servicesto more than 600 organisations in over 55 countries. Our clients are marketcounterparties or intermediaries. Crosby Capital Partners Inc. ("Crosby") is a leading Independent Asia-orientedmerchant banking and asset management group. The Company is quoted on the AIMmarket of the London Stock Exchange and further details can be found on Crosby'swebsite www.crosby.com. Including the Forsyth range of funds, Crosby hasapproximately USD 2.5 billion of assets under management. The Group's assetmanagement activities are regulated by the UK Financial Services Authority, theHong Kong Securities and Futures Commission and the Singapore MonetaryAuthority. For further information about Crosby please contact Steve Fletcher +44 20 7590 2803Simon Luhr +44 20 7590 2804 This information is provided by RNS The company news service from the London Stock Exchange