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Forsyth Partners recruits Brunner, expands alternatives focus

Forsyth Partners has appointed Andy Brunner, the
former head of asset allocation and global investment strategy at Aberdeen
Asset Managers, as the Company's first Chief Investment Strategist.

Mr Brunner, who took up his appointment on Monday 14 April, will join a senior
investment strategy team that includes Peter Toogood, Managing Director
Investments & Research, Rossen Djounov (Joint Managing Director Research &
Investments), independent economic adviser Andrew Hunt and technical analyst
James Smith.

The arrival of Mr Brunner will result in some changes within the Forsyth
investment team, with Mr Djounov focusing on the rapidly growing alternative
investment portfolios. Responsibility for the long-only investment mandates and
other managed funds will pass to Forsyth's 18-strong team of advisers and

Mr Brunner's prime areas of responsibility will include the development and
refinement of Forsyth's asset allocation and risk control models in both the long-
only and alternative arenas. He will also contribute to the investment
management and research sides of the business.

Mr Brunner's role will see him work across the range of Forsyth's investment
funds, including third party funds and broker funds. He will also have a strong
input to new business development initiatives, particularly in the UK.

He said: "Having known the team at Forsyth Partners for many years I am now
absolutely delighted to be joining them.  It is a highly successful business that
has continued to grow strongly in spite of very difficult market conditions.  For me
this is a very exciting opportunity and I am really looking forward to making a
significant contribution to the management and development of a business that
has tremendous prospects for future growth."

Background Note: Forsyth Partners is an independent financial services group
with offices in the UK and Jersey, together with sales and marketing operations
in the Arabian Gulf, Malta, Hong Kong and South East Asia, with a representative
office in Barcelona.

In the UK, Forsyth specialises in the international mutual funds industry through
the provision of fund research and investment management services for
investment professionals. It is dedicated to fund of fund portfolio management. 
In Jersey, Forsyth offers discretionary portfolio services, trust and company
services and structured products for high net worth and institutional clients. 

Forsyth Partners manages three hedge fund of funds and a range of 11
managed and specialist fund of funds. Clients extend to over 450 companies in
over 40 countries.

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