Star Hedge Managers Corp. Files Final Prospectus



    TORONTO, Aug. 29 /CNW/ - Star Hedge Managers Corp. (the "Fund") is
pleased to announce that it has obtained a receipt for the final prospectus
for the initial public offering of Units. The offering has a maximum issue
size of $500,000,000.
    The Fund's investment objective is to provide long-term capital growth by
investing in a portfolio consisting of private investment funds or portfolios
managed by three of Canada's leading portfolio managers: Rohit Sehgal of
Dynamic Funds, Eric Sprott of Sprott Asset Management Inc. and Normand
Lamarche of Front Street Investment Management Inc.
    Units (consisting of one Share and one Warrant to purchase one Share on
October 30, 2009) are offered for $10.00 per Unit, subject to a minimum
subscription of $1,000. Closing of the offering is scheduled for
September 29, 2008.
    The syndicate of agents for the offerings is being led by BMO Nesbitt
Burns Inc. and includes Dundee Securities Corporation, CIBC World Markets
Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia
Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC
Securities (Canada) Inc., Raymond James Ltd., Richardson Partners Financial
Limited, Manulife Securities Incorporated, Blackmont Capital Inc., GMP
Securities L.P., Desjardins Securities Inc. and Wellington West Capital Inc.

    This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
in any state or jurisdiction, including the United States, in which such
offer, solicitation or sale would be unlawful.

    The prospectus contains important detailed information about the
securities being offered. Copies of the prospectus may be obtained on
www.bmocm.com/bmosp/closedendfunds/starhedge or www.sedar.com or through IIROC
registered investment advisors. Investors should read the prospectus before
making an investment decision.




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STAR HEDGE MANAGERS CORP.

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