RNS No 5958u
FINSBURY INTERNATIONAL HEDGE INVESTMENT COMPANY LIMITED
26 August 1999


At an extraordinary general meeting of Finsbury International Hedge Investment
Company Limited("the Company") held at 10:30a.m. today, it was resolved to
increase the borrowing powers of the Company from 20% of net asset value to
50% of net asset value and to change the name of the Company to Finsbury
Alternative Investment Strategies Limited.

The change of name will not become effective until approved by the Royal Court
in Guernsey.

For further information please contact:

Mark Mathias, Finsbury Asset Management    0207-397 6988
Neil Mainland,Mainland Public Relations    0171-439 4359

Rea Brothers (Guernsey) Fund Managers Limited - Secretary

END

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