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Fleur-de-Lis Court, 112 - 113 Houndsditch,
London EC3A 7BD
Telephone : +44 20 7648 8970 Fax : +44 20 7648 8979
PRESS RELEASE
EN Benten Japan
Fund L.P. to Launch in January 2003
EN Asset Management, the specialist Japanese Equity house
founded by well known managers, Peter Nicholas and Jon Easton,
will launch their first US onshore product on 1st January
2003. The EN Benten Japan Fund, L.P. will follow exactly
the same investment philosophy as the successful EN Benten
Japan Fund Ltd offshore fund, which launched on 10th December
2001.
The EN Benten Japan Fund L.P. is a Delaware based limited
partnership which will commence trading on 1st January with
four launch investors. A long/short equity fund with low market
exposure, it will exploit the principals' proven stock-picking
skills. Russell Harrop in London and Peter Rawle in Tokyo
make up the other two members of the investment team. In aggregate,
the team led by Nicholas and Easton have 60 years experience
of the Japanese equities market.
Demand for the onshore Fund has been very strong, following
the impressive performance of the offshore EN Benten Japan
Fund Ltd, which has returned in excess of 15% since launch.
Commenting on launch, Jon Easton states:
"EN Asset Management has been built with the support
of US investors, who were eager and enthusiastic backers of
our firm, right from the outset. With our focus on our US
client base, it was always our intention to launch an onshore
fund just as soon as we were able to do so. We are delighted
that we can now offer our investment strategy in a tax efficient
form, for the benefit of US taxable investors."
For Immediate Release (23 December 2002). Contact:
Peter Nicholas +44 20 7648 8972 e-mail
Jon Easton +44 20 7648 8975 e-mail
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