Callander Fund

The Callander Fund is an umbrella fund created in October 1988, under the laws of the Grand Duché of Luxembourg and declared UCITS III by the CSSF in May 13th, 2005.

Originality and Complementarity

The approach of Callander Managers S.A consists in identifying specific markets and investment policies with a high potential of return and diversification for the clients' portfolio management.

Partnerships

Each fund created by Callander Managers is managed in the local country by experienced professionals possesing solid performance results.

Callander Managers S.A has selected as investment managers:

• Bank Gutmann AG for the CALLANDER FUND - CENTRAL EUROPE C1.
• Silvercrest Asset Management, New York, for CALLANDER FUND - ASSET C1/C2
• DIAM International (DIAMI), subsidiary of Mizuho Bank in Tokyo, for CALLANDER FUND - JAPAN NEW GROWTH C1/C2 and the CALLANDER FUND - CHINA UNIVERSE C1/C2 and the CALLANDER FUND _ DIAM ASIA PACIFIC EX JAPAN C1/C2

In order to allow institutional investors to execute their supervisory role, Callander Managers receive monthly reports written by each investment manager himself. These reports sums up the economic situation and market conditions as well as describing the investment strategy. Moreover, the two annual information meetings of each fund allows investors to have a direct contact with the manager.

Listing

These funds are listed on the Luxembourg Stock Exchange. The Bank of Luxembourg, custodians of the funds, publishes the Net Asset Value on Reuters (LUAJ monitor), on Bloomberg (Callander), in Expansion (Spanish newspaper), in Borse Zeitung (German newspaper), in Kursblatt der wiener borse (Austrian Newspaper) and in the International Herald Tribune. Qoutes are also available on line.

Callander Offshore Funds List

Invest through ^{investoffshoredirect.com} and the initial charge is reduced