Meditor European Hedge Fund - July 2008

Meditor was established in 1998, by a founding team of three portfolio managers who previously held the leading long term position in the European equities mutual fund performance tables. Since then the group has grown to number 30 employees, including 13 investment professionals.

The company has been careful to grow the business in a steady and sustained manner over the years, expanding only into areas where it believes its longstanding experience can deliver value to its institutional investor base. For much of this time its funds have been closed to investment in the interests of maximising performance potential.

The main focus is on European equities but positions are also taken in other (mainly developed) markets. There is a genuine absolute return focus resulting in

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