Creststreet Global Energy Opportunities Fund......

The fund continues to post return of 60% over the past year. The Creststreet Custom Index was down 2.76% for the month.

During the month, broad capital markets continued to experience significant volatility on continued concern that global economic conditions are deteriorating and low liquidity as investors increased cash positions.

While the fund is down this month, the fund continues to be up by over 35% year-to-date in 2008, demonstrating Creststreet’s ability to navigate these volatile markets in search of opportunities that will provide positive returns despite the difficult markets that have persisted for most of this year.

Creststreet Global Energy Opportunities Fund Inc. (“CGEOF”) seeks to provide shareholders with long-term capital growth by employing fundamental securities selection by taking both long and short investment positions in equity, debt and derivative securities and through strategic trading. CGEOF’s portfolio will consist primarily of securities of issuers engaged in the global energy sector....

Source:
Creststreet Global Energy Opportunities Fund -10.54% in August


Hedge Funds-News:

1. Systematic macro hedge fund...
2. Potomac Portfolios...
3. Diversus Investment Advisors opens Hong Kong office and appoints Vincent Pun...
4. Gibraltar hedge fund industry....
5. Timely examination of macro context at Russia and CIS hedge funds conference