Offshore Financial Review  August 1997

      Magnum Fund Management has lowered the minimum investment for its offshore range by launching four funds of funds , each governed by a different investment outlook.

      The Advisors Funds bring Magnum out of six-figure territory, down to a retail-friendly minimum of $10,000.

      Of the four Bahamas-domiciled funds, the Magnum Advisors Fund ensures the widest diversification. It follows a balanced investment strategy, allocating its portfolio among all the investments Magnum makes, including equity hedge funds, undervalued asset funds and commodity funds.

      The range also includes a Guarantee Fund, promising a 35 per cent return after five years plus 35 per cent of any excess profit over the guaranteed return.

      The other two funds are a Conservative Fund, emphasising capital preservation, and a Growth Fund.

      Investors can pay a 3 per cent front-end fee, or a redemption fee ranging from 5.5 per cent in year one, down to 1 per cent in year five. There is a 1 per cent annual management fee.

      Contact: 1-242-328-4677 or Magnum Funds.