The Argo Fund - July 2008

Since inception in October 2000, it has performed well with only four down months and has consistently outperformed the JP Morgan Emerging Market Bond Plus Index.

The fund aims to provide risk-adjusted absolute returns by combining a relative value strategy with fundamental bottom up research across a range of fixed income products.

It typically invests in sovereign and corporate debt, bank loans, senior or secured bond issues and local currency products as well as distressed debt.

The fund acti