LJH Global Investments and Reuters Announce Results of LJH-Reuters Hedge Fund Manager Survey

NAPLES, FL and BOSTON, MA - (April 30, 2003) - LJH Global Investments, LLC,
the global hedge fund advisory firm, and Reuters, the global information
company, have released the results of the first quarter hedge fund manager
poll. Every quarter, Reuters will exclusively distribute the poll results
that highlight key investment trends.

The latest results show that aggregated flows for all hedge fund strategies more than doubled over 4Q02. Possible explanations include thefact that the war in Iraq appears to have been won in an acceptable time frame and that earnings, while not strong, are surprisingly upbeat.

LJH Global Investments polled 67 global hedge funds and found that investors put $1.4 billion into hedge funds in the first quarter of 2003, which represents a significant increase over the previous quarter's inflows
of $596 million. Managers report that these levels make sense in light of
current news events.

"The flows appear to be up fairly dramatically but sticking with safe havens
is what it is all about now," said LJH President and Chief Investment
Officer James R. Hedges, IV.

While hedge funds are proving popular with a greater number of investors
than ever, there are increased concerns about risk management and the use of
leverage to boost returns has declined, the survey shows.

In the first quarter, investors put $878.8 million into equity hedge funds,
and $101.0 million into equity market neutral funds, which are two
strategies that attempt to reduce risk. This follows the pattern of 2002
when investors put $470 million, the bulk of the $596 million they put into
all funds, into equity market neutral, the Reuters article pointed out.

For the second quarter in a row, short-biased funds did not benefit from
inflows and commodity trading advisers received just $50.1 million. Global
macro hedge funds, which delivered the best returns in 2003, received only
$36.8 million.

During the first quarter, fund of hedge funds benefited from the largest
monetary inflows at $371.8 million, up from $283.8 million in the last
quarter of 2002. High net worth individuals invested $265.9 million in hedge
funds, and pension funds put in $99.8 million, the same as last quarter, the
article pointed out.

LJH Global Investments, LLC was founded in 1992 by James R. Hedges, IV to
manage private assets, and has rapidly developed into a leading industry
specialist in hedge fund investment consulting and advisory services. LJH
has advised numerous private investors, financial institutions, and registered investment advisers on the development of fund of hedge funds strategies.

Reuters the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. We have 16,000 staff in 94 countries, including some 2,400 editorial staff in

197 bureaux serving approximately 130 countries, making Reuters the world's
largest international multimedia news agency. In 2002, the Reuters Group
had revenues of £3.6 billion. Reuters and the sphere logo are the trade marks of the Reuters group of companies.

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