Ecat, Jumbo, Orchid - 500 Beiträge pro Seite

[Use]

@all

Vergeßt mit neben Ecat und Jumbo

Orchid Capital (924249)

nicht.

Ecat ist schon gelaufen. Jumbo hat gestern angefangen.

Orchid dagegen befindet sich noch weit unter Buchwert.

Großer Cashbestand!

Mfg

Use

[pupe]

Den Laden in Hong Kong scheint es doch tatsächlich zu geben!
Jedenfalls haben die anscheind 2 Fonds aufgelegt, u.a. auch was mit Bio Technologie.
Aber lest selbst:



ORCHID CAPITAL LIMITED 2001-11-30 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Please find enclosed a press release by Richmond Asset Management Ltd
(Richmond). Orchid Capital Limited (Orchid) has a strategic stake in
Richmond, a financial services company based in Hong Kong.

Orchid continues to actively pursue high growth investment
opportunities including financial services and wealth management,
premium property developments in South East Asia, biotechnology and
health sciences, where synergy can be derived with our current
investments.

The Company will continue to keep the market informed of any further
developments.

C McKee
MANAGING DIRECTOR

RICHMOND FUNDS LAUNCHED TODAY

Having stated its wishes in making a strategic core shift from
traditional fund management to providing family of funds which have
the ability to generate returns in all market conditions, Richmond
Asset Management today launch their first two funds under its new
umbrella. Both funds focus away from the more traditional long-only
strategies favoured by retail investors enabling them to make returns
in any market condition. These strategies have been favoured by the
wealthier investors as they look to preserve their wealth and grow it
at steady annual rates rather than associate their monies with the
traditionally volatile strategies. By investing in long-only funds,
profits made in bull markets can easily be wiped out by the falls in
bear markets, as we have witnessed over the last 20 months.

The two funds will open for subscriptions today, with the actual
trading of the funds expected to begin on January 1st 2002. The first
strategy will be an Arbitrage Strategy combining four managers with
proven track records. Back-testing has shown that this strategy would
have generated an annual rate of return of 14.72% with no negative
years since 1995. The worst year for this strategy was in 1998, when
returns were 5.8% as the widening of spreads caused by the Russian
and LTCM Crises caused a mid-year dip. However, these losses would
have been recovered within three months had our strategy been in
place then.

Individuals wanting to get direct access to the underlying funds
would normally need to invest US$1 million with each manager.
However, by pooling the funds together, Richmond is able to bring
these managers to the professional and sophisticated investor for
just $100,000.

The second fund being launched is a US Long/Short fund. The objective
of this fund is to achieve superior long-term returns by investing in
equities traded in the US markets. The underlying funds will hold
both long positions in those stocks which the manager believes to be
undervalued and short positions in stocks that are considered
overvalued. This ability to go short has meant that the underlying
funds have actually benefited by the Asian Crisis and the recent
market sell-off. However it is their track record in being able to
switch quickly from net long to net short and vice versa that makes
one manager stand out from the other. Emphasising this point,
annualised returns for the last 5 years have been 33%, including a
31% gain in 2000.

With the aim being for annualised returns of over 20% a year, there
is a little more volatility associated with this strategy than there
is in the arbitrage strategy. However, by choosing managers with
proven track records and monitoring them closely, we believe we will
be able to minimise the downside risk.

If you would like further information regarding the two funds or
would like to subscribe you can call Richmond at (852) 2827 5138, fax
them on (852) 2596 0024 or e-mail them at [e-mail].