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Pioneer Investments HeadlinesPioneer Alternative Investments’ Flagship Fund of Hedge Funds Strategy Now Available to a Wider Institutional AudienceAugust 11, 2008 Dublin/ London: Pioneer Alternative Investments (PAI) continues to bring alternative products to meet client needs. PAI’s fund of hedge fund division has launched Luxembourg domiciled Momentum AllWeather Feeder Fund, which provides access to Momentum AllWeather Fund, PAI’s flagship fund, incepted in 1995. PAI has also launched Orbit Global Feeder Fund, which provides access to Orbit Global Strategy Fund, a fund of long/short equity funds. Both Momentum AllWeather Feeder Fund and Orbit Global Feeder Fund are sub funds of the “Pioneer Alternative Investment Funds (Lux)” umbrella a SICAV - Fonds d’investissement Spécialisé (SIF). The shares of the fund are reserved to well-informed investors within the meaning of the law of 2007, governing the SICAV. The investment objective of Momentum AllWeather Feeder fund is to achieve steady capital appreciation in all market conditions with minimal drawdowns, low volatility and limited correlation to the equity and bond markets while Orbit Global Feeder Fund aims to achieve capital appreciation in rising markets with limited downside participation in falling markets. Following the successful launch of Pioneer Absolute Return Equity (PARE) and Pioneer Absolute Return Equity Asia (PAREA) with Structured Invest S.A., this launch is another step in the past year for PAI to bring access to alternatives to a larger institutional audience. Both these funds will be marketed to the institutional offshore markets globally. PAI CEO, Alberto La Rocca commented, “At Pioneer Alternative Investments, we are continuously making efforts to deliver solutions best adapted to meet client needs. By having funds of hedge funds domiciled in Luxembourg we can now provide more accessibility for investors.” For further information please contact:
About Pioneer Alternative Investments
Pioneer Alternative Investments is the alternative investment management arm of Pioneer Investments, a global investment management group with €210.46 billion of assets under management at the end of April 2008. The group provides a wide range of investment solutions including mutual funds, alternative investments and structured products to clients that include institutions, corporations, intermediaries and private investors around the world. Institutional clients account for €53 billion as at the end of April 2008. The range of single, multi strategy and multi manager hedge funds are provided by Pioneer Alternative Investments, which has its main operations in Dublin, London and Milan, Dublin being the investment centre. Pioneer Alternative Investments was formed in 1999 as part of Pioneer Investments’ aggressive growth strategy, recognising the increasing importance of the alternative investments industry. Since then Pioneer Alternative Investments has built up a comprehensive range of alternative investment products which include single strategy, multi-strategy and funds of hedge funds. Pioneer Alternative Investments fund of hedge funds range was enhanced following the acquisition of the Momentum Group in 2002. It has one of the longest established low volatility multi manager funds of hedge funds, Momentum AllWeather Fund which has provided consistent returns in all market environments. Pioneer Alternative Investments had total assets under management in excess of €6.34 billion as at end of April 2008. With offices in 25 countries around the world, the Group employs more than 2,300 staff. Pioneer Alternative Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of companies (PGAM). PGAM is a wholly owned subsidiary of UniCredito S.p.A.
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