NewSmith Wins Hedge Fund Award

London, Friday, June 17, 2005

NewSmith Capital Partners is delighted to announce that it has been named "Best Overall Group" by Hedge Fund Review, a leading industry publication, in its annual European Performance Awards.

Stephen Zimmerman, Chairman of NewSmith Asset Management LLP, accepted the award at a reception in London earlier this week.

"We are delighted to have been given this award. It reflects the hard work of the entire team at NewSmith, but most of all the support of our clients," he said.

Hedge Fund Review is published by Risk Waters, part of Incisive Media Plc, which publishes a range of leading industry magazines including Risk, Credit magazine and Insurance Age as well as Hedge Fund Review.