Investment Funds - Fund of Funds

Shimoda Russia Renaissance Fund
Long only, investing in funds of Emerging Europe
Quarterly liquidity, Cayman-based open-ended fund launched in 1997.

Shimoda Alliance Fund
Long only, investing in funds and resources projects of Emerging Europe
Quarterly liquidity, Cayman-based open-ended fund launched in 2000.

Fund of Credit Asia
Long only, investing in global opportunites funds and debt markets of Asia.
Quarterly liquidity, Cayman-based open-ended fund launched in 1998.

Far East Fund
Long only, investing in global opportunites funds and debt markets of Asia.
Quarterly liquidity, Cayman-based open-ended fund launched in 1998.



Shimoda Capital Advisors Ltd.
P.O. Box 204,
George Town, KY1-1104
Grand Cayman
E-mail: fund@shimoda-ltd.com