Hathersage

Hathersage is FXSelect 2007 Top Performing Manager Program

New York, NY – February 21, 2008 - According to sources, Deutsche Bank’s FXSelect currency manager 2007 full-year returns are complete.

The top performer of 69 manager programs which were investable at December end was Hathersage Capital Management LLC, a So. Norwalk, Connecticut-based currency specialist.

The top three performing manager programs were: Hathersage Capital Management Long Term Currency at +34.33%, H3 Global Advisors at +32.85% and Fortress Drawbridge at +29.11%. Hathersage Long Term Currency is also the top performing manager program on the platform since it was launched in March of 2005, having produced an average annual rate of return of +19.15% since that date. All results are reported gross of fees and net of interest.

For 2007, the average manager program on FXSelect returned +3.02%. The median return for the year was +2.15%, while performance for 2007 ranged from a high of +34.33% to a low of -16.07%. Forty three manager programs (62%) delivered positive results for the year, while eleven manager programs (16%) returned 10.0% or more for the period.

FXSelect is a wholesale platform for accessing currency investment skills from the universe of specialist managers. The managers on the platform are a diverse collection of hedge funds, overlay managers and CTAs, deriving their returns solely from trading over-the-counter currency products.

Deutsche Bank launched this unique service to deliver multi-manager currency to the institutional and retail market for currency excess returns and flexible structured product.

Hathersage Capital Management LLC is a discretionary absolute return currency manager that trades spot and forward currency contracts, and over-the-counter foreign currency option contracts in the interbank market. Hathersage has a 16-year track record and over that period has produced an average annual return of 18.69% (net of fees). Hathersage currently manages in excess of USD 300 million. Hathersage's portfolios are directed by industry veteran Bill Lipschutz. Bill has more than two and a half decades experience in trading substantial FX portfolios and is featured in The New Market Wizards: Conversations with America's Top Traders, by Jack D. Schwager, 1992. For more information, please visit www.hathersage.com.
 

Hathersage
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