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Investec Private Bank – Nova Alpha Capital Protected Exposure

Type: Capital-protected fund of hedge funds

Minimum investment: Lump sum $100,000

Place of registration: Bermuda

Term: Seven years

Guarantee: Original capital returned in full regardless of the performace in the Nova Alpha fund

Charges: Implicit

Closing date: August 29, 2003

Commission: None

Tel: 020 7597 4010

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