Noble Asset Management Ltd (NAM), the asset management business founded by Shabir Chowdhary earlier this year, is proud to announce that it has teamed up with Kenneth Jeyaretnam, a leading eventdriven fund manager, to launch the Stamford Global Event Driven Fund.

The fund will invest principally in merger arbitrage, valuation and spin-offs and distressed debt/restructuring opportunities. The fund will be Global (ex-US domestic) with exposure predominately toEurope, Asia and
cross-border US.

Kenneth Jeyaretnam, Principal, Stamford Capital Ltd commented: “My exclusive network of advisers and researchers based in the Asian and Australasian regions that is exclusive is one of thecompetitive edges that I can offer over my peers. Asian opportunities will continue to be a growing contributor to the performance of my strategy. “

He added: ”The strategy is biased to the regions where there are most opportunities but importantly my strategy excludes US domestic special situations which I view as a crowded space.”

Ken has nearly twenty years of arbitrage trading experience across Europe and Asia, including four years at Nomura Securities where he ran an internal hedge fund with a global mandate butconcentrated mainly on Asian equity volatility and event driven. He was previously the Principal Investment Manager of the Titanium

Global Event Driven Fund, which was launched in March 2004 utilising a strategy developed by him. The fund delivered a net return to investors of 18.15% for the year (19.45% annualised) with a Sharperatio of 2.93. Prior to launching and managing the Titanium Global Event Driven Fund, Ken was Investment Manager of the Cross Europe Fund (a European Event Driven strategy). Cross Asset ManagementLtd was sold in 2005 to RAB Capital plc.

Shabir Chowdhary, Managing Director, NAM commented: “Ken already has significant commitments from a variety of fund of fund and institutional investors and will be supported by a first class team ofAnalysts for an early July launch.” He added: “With his impressive track record and experience Ken epitomises the type of high calibre managers that NAM intends to launch.”

NAM has been set up in direct response to growing demand from sophisticated investors seeking to capture the early stage out-performance often displayed by emerging managers and to provide access tofuture stars.

Ken, Principal, Stamford Capital Ltd commented: “We are delighted to be working with NAM. The Principals and employees of NAM have great integrity and have shown real commitment to building a highlysuccessful asset management business. Their network within the industry and relationships with potential investors to include strategic investors is unrivalled.”