Ganes Focused Value Fund
Returns as at 30 November 2008
6 Months	-30.5%
1 Year	-43.9%
2 Years (per annum)	-19.1%
3 Years (per annum)	-0.3%
4 Years (per annum)	1.7%
5 Years (per annum)	7.2%
6 Years (per annum)	10.9%

Note: 2, 3, 4 and 5  year returns are compound annual returns. Returns are calculated assuming the reinvestment of all distributions. Investments can rise and fall in value. Past performance is not necessarily indicative of future performance.

*Disclaimer*

Applications can only be made on the form in the current Product Disclosure Statement (PDS) , or through IDPS products that include these Funds. *Investors should be aware that past performance is not indicative of future performance* and professional advice should be sought before investing in this Fund. Ganes Capital Management Ltd is not licensed to provide financial advice. This information does not account for your investment objectives, particular needs or financial situation.

While the information contained in this website has been prepared with all reasonable care, Ganes Capital Management Ltd accepts no responsibility or liability for any errors or omissions or misstatements however caused.