Pimmit Partners Of Hong Kong Launches FX Gateway

May 18, 2009 – Pimmit Partners of Hong Kong today announced the launch of FX Gateway, a new multi-manager platform aimed at providing institutional investors access to select currency managers. In turn, the platform seeks to provide currency managers with a more diversified investor base.

Pimmit Partners new FX Gateway is able to leverage the Firm’s expertise in the FX business and its deep distribution channels.

PRHIS INT - Pimmit Partners Of Hong Kong Launches FX Gateway

Commenting on the launch, Pimmit Partners’ Chief Financial Officer, Mr. Guillem Sanz Adrià said “We are delighted to be amongst the elite group in Asia to be able to launch the FX Gateway product.  In the current environment which is replete with opportunity in currency as an asset class, it allows a much wider range of investors access to a number of carefully selected managers.”

“Our institutional clients are increasingly attracted to the FX Markets as an asset class and are therefore looking for ways to access managers with demonstrated currency investment expertise.  We are excited with FX Gateway as an investment vehicle which can help make the investment process more efficient for investors. This is another example of Pimmit Partners commitment to the FX business,” added Guillem Sanz Adrià,  Chief Financial Officer of Pimmit Partners.

FX Gateway employs strict selection criteria, a standardized due diligence process and ongoing monitoring for currency managers, each of which is conducted in its role as the program advisor and fiduciary for the platform.

Investors in FX Gateway will be able to choose from a range of products that can be tailored to their foreign exchange strategic requirements. Investors will also be able to benefit from daily transparency on manager performance and daily liquidity.

For this initial phase, FX Gateway is expected to have between ten to fifteen managers on the platform and a further seven are expected to be included by mid-September.