Dromeus Global Opportunities Fund celebrates first anniversary

The Dromeus Global Opportunities Fund, managed by the Dromeus Capital Group, celebrated its first anniversary having achieved investment returns of 21.99% USD and 22.21% EUR since its launch in July 2008.

Primarily investing in emerging market debt and local currencies, the Fund’s investment objective is to achieve long term capital growth by allocating risk capital globally to attractive risk versus reward opportunities, harnessing the skills and expertise of managers Jason Manolopoulos and Achilles Risvas.

Jason Manolopoulos, Dromeus Managing Partner, says: “The solid investment returns achieved since inception demonstrates the ability and expertise of the fund managers operating in this specialist investment sector, during a period of unprecedented market distress and volatility. Over the past year, the Fund has benefited from our extensive local network and our active, rigorous investment approach that has allowed us to profitably adapt to the dynamic and challenging market environment.

“The credit crisis has made many investors wary of big household bulge bracket investment firms and standardised products that brought sub-par results. The focus on quality that boutique investment houses can deliver is back in vogue, enabling customers to benefit from a hands-on specialist approach.”

The Dromeus portfolio framework is divided into three key areas: yield, total return and special situations categories, enabling diversification, overall liquidity, duration management and market exposure. It also facilitates efficient risk management, including interest rate exposure, event exposure and currency risk management.

Domiciled in the Cayman Islands, the Fund has assets under management of USD100 million. The Fund’s custodian is Credit Suisse, the Fund Administrator is the European Fund Administration (EFA) and the auditor is KPMG.