frontierAlt Introduces frontierAlt Opportunistic Global Fund

    frontierAlt All Terrain World Fund renamed to reflect new investment

    TORONTO, Feb. 21 /CNW/ - frontierAlt Funds Management Limited
("frontierAlt") today introduced the frontierAlt Opportunistic Global Fund
("the Fund"), previously named frontierAlt All Terrain World Fund. In January
2008, the frontierAlt All Terrain Canada Fund was merged into the frontierAlt
All Terrain World Fund. Avenue Investment Management acted as portfolio
manager on both mutual funds.
    While the Fund retains the same investment objective as the frontierAlt
All Terrain World Fund - to obtain superior long-term capital growth - the
Fund's investment strategies have been broadened. The portfolio manager,
Avenue Investment Management, will employ a deep value/contrarian investment
style. In addition, the Fund will now use short selling and pair trading
strategies to take advantage of opportunities in the market. While the
portfolio will be comprised principally of equity securities, select
high-yield debt plays may be added to the portfolio.
    "These strategies allow the managers to be opportunistic - to take
advantage of situations that can potentially generate additional returns,"
said Kurankye Sekyi-Otu, President, frontierAlt. "The Fund will continue to
employ a deep value style for equities and will look at debt securities that
the managers deem to be mispriced. We believe these new strategies play well
to the strengths of the team at Avenue, providing investors a unique mutual
fund given the current equity market environment."
    The Fund will continue to be managed by Paul Harris, Paul Gardner and
Bill Harris of Avenue Investment Management. Avenue Investment Management is
an independent investment counseling firm providing discretionary investment
management services. Formed in 2002, the team has a combined 50 years of
investment experience. Their goal is simple, to provide absolute superior
risk-adjusted rates of return for clients over the long term.

    About frontierAlt

    frontierAlt Funds Management is a wholly owned subsidiary of frontierAlt
Capital Corporation. Based in Toronto, frontierAlt specializes in the
manufacture and distribution of structured products, flow-through limited
partnerships and mutual funds.

For further information:

For further information: Kurankye Sekyi-Otu, President, frontierAlt
Funds Management Limited, (416) 623-3171,

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