European Union Hedge Fund Announced

American Diversified Funds (ADF) is to launch a ‘see through’ European Union Fund (EUF) that aims to eliminate currency risk while offering principal protection and guaranteed returns. The fund is being opened to non-US based investors and institutions including corporations, pension funds, foundations, endowments and other similarly resourced investors. The fund’s operating premise is to reduce risk, reduce volatility, enhance returns, and diversify the traditional stock and bond portfolio with near zero correlation. The EUF allows clients the option to choose between Euros, Yen, Swiss Franc, British Pound, U.S. Dollar or blended denominated accounts. Registered in Bermuda, investors can benefit from an offshore domicile. The fund is administered by ADF, US-based alternative asset product provider. Seeded with proprietary funds, the EUF has returned 17.66 per cent net to date. The EUF will be launched 11/1/04.

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