Ermitage Global Dynamic Trading Fund: Ermitage Asset Management

Tenth European Performance Awards 2010

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The Ermitage Global Dynamic Trading Fund is a highly concentrated discretionary managed futures hedge fund which has returned an average of 19.46% for investors a year since launch in October 2007.

Fund manager Elliot Refson uses a discretionary strategy to target capital appreciation through long-term position trading and/or short-term intra week trading in global equities, currencies, bonds and commodity markets.

Refson works alongside Ian Cadby, Ermitage Group's chief executive officer and

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