TIDMACMH 
 
RNS Number : 6686M 
ACMH Limited 
03 February 2009 
 
3 February 2009 
 
 
 
 
ACMH Limited 
("ACMH" or the "Company") 
 
 
Re-branding and Re-launch of Equity Funds 
 
 
 
 
ACMH is pleased to announce the reorganisation and rebranding of its fund 
management business and the re-launch of certain of its funds under its new 
'Xanthus' brand. By combining previously separate funds, the new business will 
operate two equity funds: the Xanthus Germany Fund Limited and the Xanthus 
European Fund Limited, focusing on European equities. Both funds have been 
structured to appeal to investors looking for high levels of transparency, 
liquidity and market focus. These new funds, managed by Xanthus Asset Management 
Limited, a newly formed subsidiary of the Company, began trading last month with 
opening balances in cash, thereby ensuring the necessary flexibility and agility 
to take advantage of prevailing market conditions. 
 
 
 
Background to Re-Launch 
 
 
The past 18 months have been an extraordinary period first for ACMH and more 
recently for the investment management industry as a whole. With the 
restructuring phase for ACMH and its Absolute-branded equity funds having been 
largely completed prior to the recent industry turmoil, the Company has been in 
a good position to plan the launch of the new funds, at a time when the need for 
change and adaptation in the industry has never been more pressing. 
 
 
 
ACMH believes that its new Xanthus funds are representative of an emerging third 
generation of hedge fund products, differentiated from ACMH's predecessor funds 
and industry peers by having: 
 
 
 
  *  Higher levels of risk controls; 
  *  Real mark to market transparency on a timely basis; 
  *  Lower leverage and higher liquidity; 
  *  Tightly focused investment objectives and restrictions; 
  *  Investor-friendly fee structures; and 
  *  Smaller fund size, and more modest target returns 
 
 
 
Xanthus Germany Fund Limited 
 
 
Previously known as the Absolute Germany Fund Limited, the Xanthus Germany Fund 
Limited will pursue a mandate of investing in equities of issuers chartered or 
listed in Germany and the surrounding German-speaking countries having market 
capitalisations in excess of EUR400 million. The fund's principal investment 
strategy is long/short pairs trading, thought it will employ a range of trading 
strategies suited to prevailing market conditions. Germany and the surrounding 
countries have traditionally been the Company's core area of expertise; this was 
strongly demonstrated by the predecessor fund's 2008 trading performance when it 
generated a 21.35% return, significantly outperforming its benchmarks and peer 
group. 
 
 
 
The fund will seek to provide investors with a high level of transparency, 
specifying portfolio positions on a monthly basis. Total fund size will be 
capped at a modest EUR200 million, thereby allowing the fund to take advantage of 
market opportunities unavailable to larger equity funds. The fund's fee 
structure will remain a 2/20, though some investor-friendly modifications to the 
performance fee calculation mechanics have been implemented. 
 
 
Xanthus European Fund Limited 
 
 
Created through the combination of the 'A' class portfolios of the Absolute 
European Catalyst Fund Limited, the Absolute Return Europe Fund Limited and the 
Absolute Large Cap Fund Limited, the new Xanthus European Fund Limited ("XEF") 
will pursue an investment objective of investing in equities of European issuers 
listed on major Western European exchanges with market capitalisations generally 
in excess of EUR1.5 billion. The XEF's investment strategies and offering terms 
will be substantially similar to those of the Xanthus Germany Fund Limited, save 
that the XEF's investment programme is pan-European, and the minimum market 
capitalisation of its portfolio positions is significantly higher. Portfolio 
capacity has been set at EUR300 million. The XEF will build on the strong 2008 
performance of the Absolute Large Cap Fund (8.61%), and on the successful 
trading strategies of the ARE and AEC funds. 
 
 
ACM Equity Limited 
 
 
ACM Equity Limited, a separate subsidiary of ACMH, continues to manage the five 
Absolute- branded funds previously managed by ACMH. Those funds are being 
managed with a view to completing the disposal of assets from their B class 
portfolios (side pockets) in 2009, which portfolios were created following 
investor approval of ACMH's restructuring proposals in October 2007. ACMH 
intends to wind up ACM Equity Limited's business upon the completion of asset 
disposals from the Absolute-branded funds' B class portfolios. 
 
 
Chief Executive of ACMH, Glenn Kennedy, said, "For investors with a medium term 
view, the Xanthus funds represent an opportunity to capture value across these 
deeply depressed markets. Free from legacy trading positions the two funds are 
unencumbered and therefore ideally positioned to achieve their aim of delivering 
attractive returns to risk adverse investors." 
 
 
"Taking account of the current issues facing the industry, the Xanthus funds 
have been structured to provide investors with a much higher degree of 
transparency and liquidity coupled with clear investment objectives and risk 
controls, all of which is aimed at delivering sustainable and attractive 
returns." 
 
 
 
 
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| Enquiries:                         |                                     | 
|                                    |                                     | 
+------------------------------------+-------------------------------------+ 
| ACMH                               |                Tel: +41 41 560 9660 | 
+------------------------------------+-------------------------------------+ 
| Glenn Kennedy                      |                                     | 
+------------------------------------+-------------------------------------+ 
|                                    |                                     | 
+------------------------------------+-------------------------------------+ 
| Panmure Gordon                     |           Tel: +44 (0) 20 7459 3600 | 
+------------------------------------+-------------------------------------+ 
| Dominic Morley                     |                                     | 
+------------------------------------+-------------------------------------+ 
| Callum Stewart                     |                                     | 
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|                                    |                                     | 
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| Cardew Group                       |          Tel: +44 (0) 20 7930 0777/ | 
+------------------------------------+-------------------------------------+ 
| Tim Robertson                      |                       07900 927 650 | 
+------------------------------------+-------------------------------------+ 
| Shan Shan Willenbrock              |                                     | 
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| David Roach                        |                                     | 
+------------------------------------+-------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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