RISKY as a Hedge Fund Management Group.

Heres what it does..

Absolute Capital Management Holdings Limited is a specialist fund management
company focused on delivering investment returns through the management of
absolute return funds in equities and fixed income products, since inception in
2004. The enlarged company now has offices in, the Cayman Islands, Switzerland,
the United Kingdom, Singapore, Spain, Cyprus, Poland, Brazil and Argentina Post
completion the group will manage 12 funds and have in excess of US$3.25 billion
under management. ACMH listed on AIM on 3rd March 2006.


Investment track record for the 11 funds managed by ACMH

ACM Funds AUM US$ million Annualised Performance Down Months Launch date
Absolute
Return Europe
Fund 490 15.82 2 out of 63 March 2002
Absolute
European
Catalyst Fund 273 20.29 4 out of 44 October 2003
Absolute
Germany Fund 381 22.00 2 out of 41 January 2004
Absolute East
West Fund 222 23.78 1 out of 23 July 2005
Absolute
Octane Fund 342 39.49 1 out of 23 July 2005
Absolute
Large 137 20.96 1 out of 16 February 2006
Cap Fund
Absolute
India 18 17.50 0 out of 11 July 2006
Fund
Absolute
Activist
Value 241 31.66 0 out of 11 July 2006
Fund
Argo Fund 484 17.77 3 out of 80 October 2000
Argo Global
Special
Situations
Fund 455 15.64 3 out of 34 August 2004
Argo Capital
Partners Fund 73 N/A


Note: Performance to 31 May 2007 and AUM as at 1July 2007

Recent Trading Performance

Absolute Capital Mgmt Holdings Ltd
09 July 2007


Absolute Capital Management Holdings Limited

('ACMH')


Trading Update



ACMH (AIM: ACMH), the fund management company focused on delivering investment
returns through the management of absolute return funds, today announces a
trading update for the six months ended 30 June 2007. ACMH will announce its
interim results on 26 July 2007.


The board is pleased to announce that the strong financial performance achieved
through 2006 has continued into 2007. For the six months ended 30 June 2007, the
board expects trading to be ahead of expectations and that turnover will be not
less than 58.0 million and profit after tax will be circa 30 million


As at 30 June 2007, assets under management stood at $3.1 billion.


The successful integration of Argo Capital Management, acquired in January 2007
added significant product diversification and revenue from debt/finance
opportunities in emerging markets. Today, we have also announced the creation of
a new division, Absolute Capital Management Property Limited ('ACMPL') in order to
develop our long/short equity presence in the global real estate market.


Sean Ewing, Chairman and Chief Executive Officer, said: 'We have increased
assets under management by almost 100% during the first six months of 2007
through significant organic growth and the successful integration of Argo .
Demand from institutional investors for our expanding portfolio of alternative
investment products remains strong and we believe the creation of ACMPL is
well-timed to take advantage of the long/short opportunities in the current
global real estate market. As we continue to execute our business strategy we
are well positioned to exploit the significant and growing demand from global
investors for consistent, low volatile absolute returns.'

Fundies

Forecasts

To 31/Dec 2007 EPS 57.9p P/E 9.1 PEG 0.1 EPS growth 65% Yield 7.1%

To 31/Dec 2008 EPS 71.4p P/E 7.4 PEG 0.3 EPS growth 23% Yield 8.4%

TA



Not for the faint hearted please DYOR.

anyone know what the postmortem result is?

Overdose of pink sheets!

Market seems to like the CIO Rialas buy of shares from Homm.

Powering upwards.

24 October 2007

"The Company announces that it has sent each investor in the Absolute Return
Europe Fund Limited, Absolute European Catalyst Fund Limited, Absolute Octane
Fund Limited and Absolute East West Fund Limited an urgent letter requesting
them to complete and return their proxy forms in order to vote in favour of the
restructuring proposals at the extraordinary general meetings of these funds to
be held on 27 October 2007."

26 October 2007

"Absolute Capital has today been notified that Susan E. Devine Homm no longer has
a notifiable interest in the issued share capital of the Company."

For those still interested in ACMH, the latest news is :-

27 October 2007

Investors voted through the restructuring proposals at the meeting.

28 October 2007

The leading lawyer representing Absolute shareholders said today that they would be demanding a thorough explanation of why as much as $500m (244m) of Mr Homms investments had turned out to be in lightly regulated and illiquid American stocks, listed only on bulletin boards and traded over the counter. He said that investors had been unaware of the nature of the funds holdings.

William Rodger, the financial litigation partner at Simmons & Simmons, which has been working for the Absolute Investors Action Group, said that the agreed restructuring was not the end of the matter for shareholders.Mr Rodger declined to be drawn on the Action Groups next move before discussions with investors that are expected to take place this week, but he ruled out the need for a criminal investigation.

Mr Rodger said that investors had voted in favour of the proposals because of concessions made by Absolute last week. Investors had been particularly concerned about the level of performance fees for Absolutes managers, who could have reaped a substantial windfall if the fund rebounded in value once the restructuring had been approved. Absolutes share price, which slumped 70 per cent in the days after Mr Homms exit, is expected to gain ground this week.

Could be life in the old dog yet!