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Hong Kong's Noble Group Offers Alternative Investment Products Via New Swiss Company

by Ulrika Lomas,Tax-news.com, Brussels

16 May 2001

Noble Group Ltd, a Hong Kong-based worldwide supplier of industrial raw materials and transport resources which is listed on the Singapore main board, has formed a Swiss-based company, Noble Investments SA, to offer hedge fund consulting, among other things.

Noble Investments SA, located in Zurich, is headed up by Patrick J Aregger, Managing Director, and Mauro Gerli, Director. Mr Aregger was a key executive in London-based Man Group and is experienced in creating and marketing a variety of hedge fund products. Mr Gerli also was a key executive in the Man Group and began his career with Swiss Re New Markets.

Mr Aregger said in a statement this week: 'Our prime objective is to provide innovative, top quality solutions and services in the field of alternative investments that deliver superior absolute investment performance, as they are independent of the direction of traditional asset classes, such as stocks and bonds.'

Richard S Elman, Chairman of Noble Group, added: 'The new operating entity will specialize in offering tailored financial investment products to Noble's global network of customers. Our intention is for the group to place a special emphasis on providing a small stable of world-class hedge fund product with a particular focus on limiting risks for our investors. We have found that a number of our clients active in world commodity markets are also interested in managing their excess cash resources via well-structured vehicles that invest in hedge funds. In analyzing the market, we felt a real demand existed among the Noble universe of customers.'

Noble Investments SA is located at Bahnhofstrasse 24, 8001 Zurich, Switzerland, tel +41 1 218 5050, fax +41 1 218 5059.

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