Laureate BVI Fund Gains 7.6% in April, up 13.46% for the year; Sold Apple (APPL) and Netflix (NFLX) on Valuation Concerns

Online, May 4, 2010 (Newswire.com) - British Virgin Islands - Laureate BVI Ltd., saw its returns jump 7.6% during the month of April by taking profits on high flyers such as Apple and Netflix and shorting Global Indexes.

Laureate BVI's year-to-date returns now stand at 13.46%. The fund is ranked in the upper 5% of the top performing global hedge funds, according to Bloomberg data.

CEO Peter Tasca stated in his monthly report that the portfolio is trading extremely well. He is still cautious of the Shanghai, FTSE, DAX and Nikkei markets due to the high valuations. He is also advising investors currently invested in the Euro denominated fund to convert to the Dollar denominated fund, he sees risk in the Euro from the default of Greece and the debt downgrades of Spain and Portugal.

Tasca states, "Based on our balance of risk model, we anticipate to make millions on the depreciation of the Euro. As for our long positions we are allocating assets to financial instruments that pay a low double digit return and offer 2-to-1 coverage."

In February, Wall Street sat up and took notice when Laureate BVI launched a retail fund with a €2,500 minimum investment. CEO Peter Tasca says, "We've had huge demand for our retail fund. We've spoken to investors that have lost anywhere from €30,000 to €30,000,000 over the last two years and want a fund that can profit in any market environment." Laureate Trust returned 42 per cent in 2008 amid the global financial crisis with their market neutral strategy and returned 33 per cent in 2009.

Laureate's investment strategies have outperformed 98% of the world's most successful funds over a 3-yr, 5-yr and 10-yr average according to independent data compiled from The Wall Street Journal, Financial Times and Barron's.