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6 Mar 2008

Investcorp Wins Awards For Best Hedge Fund Manager

Investcorp was declared the Best Institutional Hedge Fund Manager at the second Hedge Funds World Awards, also winning the Special Merit Award.

The awards, sponsored by Man Investments, are designed to recognise and celebrate companies and individuals who have demonstrated an unparalleled ability to succeed, continually set standards of excellence, and who will be the future stars of the industry.

CEO of Man Investments Middle East Ltd Antoine Massad said, “All the winners and nominees deserve hearty congratulations, for their achievements over the past year.”

The other winners being; Best Fund of Fund Provider - Harris Alternatives; Most Innovative Project - Frontier Capital Management; Best Newcomer - EFG Hermes; Best Hedge Fund Administrator - Apex Fund Services; Best New Fund – Rasmala and Best Retail Product Provider - Dawnay Day Milroy.

The awards event also raised funds for PlaNet Finance, an international non-profit organisation dedicated to alleviating world poverty through the promotion of microfinance initiatives around the world.

In 2005, PlaNet Finance launched an initiative to promote micro-lending in the Middle East and North Africa and today it has offices in UAE, Morocco, Egypt, Jordan, Lebanon and Palestine.

The winners were announced at a gala dinner for 400 guests at the Madinat Jumeirah hotel in Dubai which took place in concert with the Hedge Funds World Middle East Conference 2008, the largest event of its kind in the region.

Client of Hedge Fund Company To Lead Sales Efforts

A client of Cutler Capital Management liked the investment style of the hedge fund company so much, he came out of retirement to join the investment advisory firm as Director of Business Development.

Allan M. Kline recently retired from his position as Vice President and Chief Financial Officer for Skyworks Solutions, but the opportunity to work with Cutler Capital motivated him to return to work.

Cutler Capital's hedge funds follow a growth and income strategy, investing in convertible securities, real estate investment trusts (REITs) and dividend-paying stocks. Kline has first-hand knowledge of convertible securities, having used them to raise capital successfully while at Skyworks.

"The key to success is to believe in what you're selling," Kline said. "As a long-time client, I believe in Cutler Capital and its investment style, so I welcomed the opportunity to join the company."

"It is a great validation of our investment style to have a financial professional of Allan's caliber join Cutler Capital Management," said President David Grenier. "His addition is both a first-hand endorsement of what we're doing and a tremendous opportunity that we believe will lead to significant growth for us."

Cutler, which has total assets exceeding $245 million, currently manages two hedge funds, the Cutler Investment Fund, LP and the Cutler Income and Growth Fund I, LP, as well as individual portfolios.