Kassirer Market Neutral Fund, a Cayman-based hedge fund engaged primarily in U.S. and Canadian merger arbitrage, earned 1.06% in May 2007 (estimated)



    TORONTO, June 7 /CNW/ - Mark Kassirer, CEO of Kassirer Asset Management
said:
    "Deal flow remains buoyant reflecting low interest rates, low debt
default rates, easy financing, and the ubiquitous private equity buyers.
Competition for assets in this environment has been heated, and bumps on deals
are more common now than at any time since the inception of our fund. The fund
profited from a broadly diversified portfolio of merger arbitrage and special
situations positions. The fund has maintained a relatively defensive stance
and has historic volatility of half the volatility of bonds and one sixth of
the volatility of equities."





For further information:

For further information: Mark Kassirer, CEO, (416) 643-2222

Organization Profile

KASSIRER ASSET MANAGEMENT CORPORATION

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