Rosseau LP Ranked No. 1 Event Driven Hedge Fund in the World over the past 5-
and 10-year periods

TORONTO, June 1 /CNW/ - Rosseau Limited Partnership was ranked the No. 1 Event Driven Hedge Fund globally by BarclayHedge for both the 5- and 10-year periods ending December 31, 2009 with average annual compound rates of return of 25.27% and 21.47%, respectively.

Warren Irwin, founder and portfolio manager, is pleased to be recognized by an industry leader like BarclayHedge for Rosseau's achievements. "In the past, we have received recognition for our returns in specific years, but to receive it for our longer-term record is especially satisfying. Rosseau takes a long-term approach to investing and we look forward to working hard to ensure our solid returns continue over the next 10 years."

About Rosseau:

Rosseau Asset Management Ltd. is a Toronto-based money management firm that caters to high net worth and institutional investors globally. Rosseau's objective is to maximize long-term capital appreciation through North American special situation and event driven investing, with an emphasis on Canada. A core competency in fundamental research allows Rosseau to identify opportunities in corporate restructurings, turnarounds, bankruptcies, unique growth opportunities and special situations. Assets under management are in excess of $200 million.

SOURCE Rosseau Asset Management Ltd.

For further information: For further information: Jow Lee, Chief Financial Officer, (416) 777-0712, jwlee@rosseau.com, www.rosseau.com

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Rosseau Asset Management Ltd.

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