Myriagon Special Situations Inc.
Chiliogon Partners LLP is pleased to announce that it has taken over the management of Myriagon Special Situations (Myriagon), a Cayman Islands based fund company, as of 1st July 2008. Myriagon is a sector independent fund but its current focus is on natural resource companies. The main focus is on absolute return and invest in companies at valuations below fair actuarial value. Returns have been positive with Myriagon returning 32% net in the first calendar year from inception (9 months) in 2007 and 7% thus far in 2008. Chiliogon are looking to grow Myriagon though keeping it a niche specialist fund.