LONDON, 27.08.2009 – Managing Partners Limited (MPL), the boutique fund manager, has secured UK distributor status for both institutional and retail share classes of its Traded Policies Fund.

The distributor status, appointed by HM Revenue & Customs, will offer UK investors the opportunity to invest tax-efficiently in the fund. With the certified UK distributor status offshore funds can be treated for tax purposes like an onshore fund in the hands of a UK investor. As such, any income element within a fund is accounted for and distributed in the form of a dividend.

MPL applied for distributor status for its Traded Policies Fund to meet increasing appetite from investors for traded life policies, (TLPs) an uncorrelated asset class that delivers steady, predictable returns in volatile market conditions. TLPs are US-issued whole of life policies sold before their maturity date to allow the original owners to enjoy some of the benefits during their own lifetimes.

Jeremy Leach, Managing Director of MPL, commented: “Because any growth in the value of the investment is identified as a capital gain rather than as income the UK distributor status will become even more relevant in 2010 when the new tax regulations will be put in place. High earners can avoid paying income tax at up to 50 per cent on profits from their investments if they choose the fund. Returns will be taxed as capital gains and can be offset against capital gains tax allowances. It significantly enhances our existing offering as it will be a much more tax efficient investment.”

The USD Institutional share class in MPL’s Traded Policies Fund returned 9.04% net of all charges in the 12 months to 1 August 2009 and 53.22% since its launch on 30 June 2004. The USD Growth share class, which is available to retail investors, has returned 8.94% net of all charges over the year to 1 August 2009 and 11.50% since its launch on 15 April 2008%.

The returns make the fund one of the outstanding performers over the last two years, which saw many funds deliver double-digit losses amid turbulent financial markets.

The following share classes of the Traded Policies Fund are now available with UK distributor status

 Share Class                        ISIN
Institutional GBP         KYG899161031
Institutional EUR         KYG899161296
Institutional USD         KYG899161114
Growth GBP                 KYG899161379
Growth EUR                 YG899161528
Growth USD                 KYG899161452

For further information on Managing Partners Limited range of funds, call 0207- 965- 4631 or visit (www.managing-partners.com).

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