Redwood Asset Management Inc.

Redwood Asset Management Inc.
Waterfall Investments Inc.

November 01, 2005 09:02 ET

Redwood Asset Management Inc. Launches Redwood Long/Short Conservative Equity Fund

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2005) - The Fund's investment objective is to maximize capital returns while limiting the exposure to equity market movements. The Fund intends to achieve its objective by investing in predominantly North American listed and unlisted equity and debt securities within a full range of market capitalizations.

The Investment Advisor for the fund will be Waterfall Investments Inc., an investment management company based in Toronto, Ontario. Andrew McCreath, CFA, President and CEO of Waterfall Investments Inc. says "We are excited about working with the enthusiastic team at Redwood to deliver our market neutral type fund to investors."

"The key to the outstanding performance of Redwood funds is our selection of experienced and superior portfolio managers with demonstrated track records. Andrew McCreath and his team at Waterfall Investments Inc. are a perfect example," says David Dinkha, Redwood's Vice President of Sales. "From managing the flagship Synergy Canadian Growth Fund during his previous tenure at Synergy, to now managing investment funds at Waterfall Investments Inc., Andrew has proven himself to be a seasoned market strategist with a depth of knowledge of the North American markets. Through his stock selections, his clients have generated healthy returns from both long and short positions."

Managed by Redwood Asset Management Inc, the Redwood Long/Short Conservative Equity Fund is only offered to accredited investors in Ontario, Alberta, British Columbia and Saskatchewan and to investors purchasing a minimum of $150,000 worth of units. This fund is 100% RRSP Eligible and is available on FundServ as RAM 104.

For more information or to obtain a copy of the Offering Memorandum please contact David Dinkha, VP Sales at 416.368.5876 or at ddinkha@redwoodasset.com.

www.redwoodasset.com

About Redwood Asset Management Inc.

Redwood Asset Management Inc. is a Toronto based manager of investment funds that uses unique Absolute Return investment strategies. Redwood funds that are offered privately target accredited investors (ie. investors in the high income / high net worth individual and institutional investor categories). Our funds' primary goal is to preserve capital and provide consistent positive annual returns while avoiding large fluctuations.

Redwood currently manages four funds: Redwood L/S Cdn Growth Fund, Redwood Diversifed Equity Fund, Redwood Diversified Income Fund and Redwood L/S Conservative Equity Fund.

About Waterfall Investments Inc.

Waterfall Investments Inc. began operation in May 2004 and currently manages five hedge funds, both Canadian and offshore. Hedge fund assets exceed $150 million. Andrew McCreath has over 19 years of experience within the brokerage community and the investment management business, having worked at Lawrence and Company, Gordon Capital and Burns Fry Ltd.


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