Zenit out of capacity

The Brummer and Partner behemoth fund, Zenit, will close to new
investor due citing request from the fund managers as well as changing
equity market (more competitive). The fund will now focus on mid cap
equities in Europe (including Scandinavia) and Asia.

A potential re-opening for capacity will be considered if market
conditions becomes friendlier and "easier" to trade again. The fund
will close in March 2007. The fund seems to have regained some
momentum again with return for 2006 above 16%.

The fund manages around 1 billion Euro, this is one of the largest
European L/S funds.