The Pivot Global Value Fund exploits major
asset price inefficiencies brought about by market, industry or
company specific dislocations. The Fund targets investments where
valuations significantly deviate from industry peers, historic
levels or perceived fair value. The Fund pursues investments on a
global basis, with a concentration on equity, distressed debt and
high yield instruments.
Par Mellstrom was a Managing Partner
and Head of Research at Brunswick UBS Warburg, Moscow; a Fund
Manager at Mercury Asset Management, London, and a Management
Consultant with Booz Allen Acquisition Services.
Carl George was previously Head of Research at Sovereign
Asset Management, Monaco, and a Corporate Finance Banker at
Chemical Bank and at Société
Générale.
*Class 1 shares
(net of management and performance fees)
Source: Pivot Capital Management Ltd
The Accumulated Deemed Distributed Income (ADDI) for Pivot Global Value Fund Class 1 Shares, ISIN KYG7130W1006, as at 30th September
2008 has increased by USD 3.7673117 to USD 67.9668395.