Alpha Gen Eta Cas Fund Class A USD - July 2008

The Alpha Gen Eta Cas Fund Class A USD is an open-ended investment company incorporated in the Cayman Islands and listed on the Irish Stock Exchange. Its structure is an open-ended investment company incorporated in the Cayman Islands.

Net performance has been 29.8% since inception in December 2005 with performance this year varying at 5% in February, -1.9% in March, 0.2% in April and 1.2% year to date.

The fund operates a defensive strategy with gross and net positions further reduced in view of risks and uncertainties in the marketplace and to secure some relative gains. The fund views stocks with a relatively high exposure to emerging markets as an attractive place to be as they possess genuine potential to raise earnings

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