Absolute Capital Management Holdings (ACMH) is delighted to announce that the Company has been awarded 'Best Hedge Fund Group 2006' at this year's Hedge Fund Review European Awards.

According to Hedge Fund Review, 'European funds on Eurekahedge's database were in the running, judging was extensive and competition extremely fierce to win the fund and group awards.'

For ACMH, the award reflects a period of significant growth and development. In 2006 the Company has seen a growth in Assets Under Management to over USD 1bn, listing on the AIM in London and successfully providing investors with absolute returns for all six funds currently under management. In addition to the company's award winning fund range, ACMH will launch two new funds on the 1st July 2006; the Absolute Activist Value Fund (AAV) and the Absolute India Fund (AIF).

The Absolute Activist Value Fund (AAV)

The AAV will enable ACMH to proactively impact positive change and unlock shareholder value in companies that we consider to be undervalued. Florian Homm and his team will act as a catalyst that will increase shareholder value. The fund will concentrate ACMH and Florian Homm's extensive experience of activist investing. Since 2002 the Company has been involved in more than 25 takeovers and over 50 control filings. The AAV offers Investors the opportunity to take advantage of a fund that will focus exclusively on shareholder activism.

The Absolute India Fund (AIF)

The AIF has been designed to take advantage of a geographical area of exceptional future growth. We have partnered with ASK Raymond James in India to provide us with local stock picking talent in the Indian Market. The fund will combine local market expertise with ACMH's ability to provide an effective risk overlay. We feel that this is an excellent time to invest in India with additional downside protection via the risk overlay, particularly as a result of the recent decline in the Indian markets.

Ends

Enquiries: ACMH Sean Ewing, Chairman and CEO T: +44 (0)7768255472 Cardew Group Tim Robertson T: 020 7930 0777 Shan Shan Willenbrock

This Information is provided by RNS The Company news Service from the London Stock Exchange

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