Eurohedge Award for NewSmith’s Credit Strategy

London, Friday, January 26, 2007

NewSmith Asset Management is delighted to announce that its Credit Strategy has won in the Credit category of the annual Eurohedge Awards, organised by Hedge Fund Intelligence.

NewSmith’s Credit strategy, led by portfolio managers Nick Senn and Kevin Chattwell, was launched in October 2004 and manages an active, diversified credit portfolio. The award was determined by returns and Sharpe ratios relative to the peer group.

“On behalf of the team, we thank Eurohedge for this recognition of NewSmith’s achievements,” said Nick Senn. “We are also grateful to our clients for their steady and growing support for our ambitions in the credit investment arena.”