(1888PressRelease)
February 26, 2007 - 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.
Capricorn is an established currency manager with clients that include; Banks, Institutions, Investment Funds and HNWIs. As of 2007 Capricorn’s discretionary programs, which were renamed to Capricorn fxST (Growth) and fxST (Aggressive), have a combined AUM of over $50 million. The strategy has an eight year track record and has over the years been included in; Deutsche Bank’s FXSelect, SE Banken’s currency platform, ABN Amro’s FX Directory, Parker Global Strategies currency index, and the Mercer Currency Index.
For further information please access our website at; www.capricornfx.com
