RNS Number:8696Z
Absolute Capital Mgmt Holdings Ltd
09 July 2007


                                                                  



                  Absolute Capital Management Holdings Limited

                                    ("ACMH")


                                 Trading Update



ACMH (AIM: ACMH), the fund management company focused on delivering investment
returns through the management of absolute return funds, today announces a
trading update for the six months ended 30 June 2007. ACMH will announce its
interim results on 26 July 2007.


The board is pleased to announce that the strong financial performance achieved
through 2006 has continued into 2007. For the six months ended 30 June 2007, the
board expects trading to be ahead of expectations and that turnover will be not
less than Euro58.0 million and profit after tax will be circa Euro30 million


As at 30 June 2007, assets under management stood at $3.1 billion.


The successful integration of Argo Capital Management, acquired in January 2007
added significant product diversification and revenue from debt/finance
opportunities in emerging markets. Today, we have also announced the creation of
a new division, Absolute Capital Management Property Limited ("ACMPL") in order to 
develop our long/short equity presence in the global real estate market.


Sean Ewing, Chairman and Chief Executive Officer, said: "We have increased
assets under management by almost 100% during the first six months of 2007
through significant organic growth and the successful integration of Argo .
Demand from institutional investors for our expanding portfolio of alternative
investment products remains strong and we believe the creation of ACMPL is
well-timed to take advantage of the long/short opportunities in the current
global real estate market. As we continue to execute our business strategy we
are well positioned to exploit the significant and growing demand from global
investors for consistent, low volatile absolute returns."


Enquiries:


Absolute Capital Management Holdings Limited
Sean Ewing, Chairman and CEO                              T: +34 971 406018


Panmure Gordon
Dominic Morley                                            T: +44 (0)20 7614 8388


Cardew Group
Tim Robertson                                             T: +44 (0)20 7930 0777
Shan Shan Willenbrock
David Roach


About ACMH


Absolute Capital Management Holdings Limited is a specialist fund management
company focused on delivering investment returns through the management of
absolute return funds in equities and fixed income products, since inception in
2004. The enlarged company now has offices in, the Cayman Islands, Switzerland,
the United Kingdom, Singapore, Spain, Cyprus, Poland, Brazil and Argentina Post
completion the group will manage 12 funds and have in excess of US$3.25 billion
under management. ACMH listed on AIM on 3rd March 2006.


Investment track record for the 11 funds managed by ACMH

ACM Funds     AUM US$ million Annualised Performance Down Months  Launch date
Absolute
Return Europe
Fund                    490                  15.82   2 out of 63  March 2002
Absolute
European
Catalyst Fund           273                  20.29   4 out of 44  October 2003
Absolute
Germany Fund            381                  22.00   2 out of 41  January 2004
Absolute East
West Fund               222                  23.78   1 out of 23  July 2005
Absolute
Octane Fund             342                  39.49   1 out of 23  July 2005
Absolute
Large                   137                  20.96   1 out of 16  February 2006
Cap Fund
Absolute
India                    18                  17.50   0 out of 11  July 2006
Fund
Absolute
Activist
Value                   241                  31.66   0 out of 11  July 2006
Fund
Argo Fund               484                  17.77   3 out of 80  October 2000
Argo Global
Special
Situations
Fund                    455                  15.64   3 out of 34  August 2004
Argo Capital
Partners Fund            73                                       N/A


Note: Performance to 31 May 2007 and AUM as at 1July 2007


ACM Investment Achievements -


No. 1 Best Hedge Fund Group, 2006                  Hedge Fund Review
No. 1 European Event Driven Fund, 2005             Eurohedge
No. 1 Risk Adjusted Long/Short Fund 2005           Barclay Group
No. 1 Germany Fund over 1, 2 and 3 years, 2004     Micropal
No. 1 European Long Short Fund, 2002               HFI


Recent nominations


No, 1 Hedge Fund Group 2007                        Hedge fund Review
No 1-4 Global leaders of 2007                      Alternative Investment News








                      This information is provided by RNS
            The company news service from the London Stock Exchange

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