Lightwater Partners Ltd.

January 18, 2010 10:01 ET

Thomas Schenkel Joins Lightwater Partners

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2010) - Lightwater Partners (LWP), is pleased to announce that Thomas Schenkel, former President and Portfolio Manager at Epic Capital Mgmt., has joined Lightwater Partners.

Mr. Schenkel joins Lightwater Partners as a Partner and Portfolio Manager. He will co-manage the Lightwater Conservative Long / Short Fund with Jerome Hass. Both previously managed a fund together at Epic Capital. Over the last two years, the Lightwater strategy is up 8.19 percentage points or almost 18 percentage points above the gain for the TSX Composite Total Return Index and almost 28 percentage points better than the Canadian Hedge Watch HF Equity Hedged Index.

"It's great to have Tom on board" said Chief Operating Officer Bryan Nunnelley. "Jerome and Tom have both managed a fund together previously and have complementary investment styles, which will allow for a seamless introduction to our investment team. Tom has been very successful throughout his career and we look forward to growing our business with him."

"I'm very pleased to be joining Lightwater Partners. A lot of hedge funds talk about protecting capital but their positive return in 2008 demonstrates that they truly deliver on capital protection", said Thomas Schenkel. "The Fund's low correlation with the underlying market shows that they are adding alpha in their returns."

Thomas got his start in the financial business at BMO Nesbitt Burns in the equity research department. After two years in mining research, Mr. Schenkel became a Special Situations Analyst covering a number of consumer product and industrial product companies.

About Lightwater Partners

Lightwater Partners is an asset management firm specializing in alternative asset management. Our focus is to protect capital and manage risk while providing consistent risk adjusted returns. Lightwater Partners, using a disciplined investment process, manages a conservative long / short equity strategy. The strategy targets annual volatility of less than 10% and aims to produce annual returns of 12% to 15% per year.

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