Strengthening of the Board of Directors — Appointment Peter Bennett

Press Release

Singapore, January 5, 2010

Quant Asset Management Pte Ltd, investment adviser to the QAM Global Equities Fund Ltd and the QAM Asian Equities Fund Ltd, announced today the strengthening of the Board of Directors of both funds, with the appointment of Peter Bennett as an Independent Director per January 1, 2010.

Mr. Bennett, a British citizen read Economics at Churchill College, Cambridge and holds Bachelor and Masters Degrees from Cambridge University.

From 2000 to 2009 he was a senior member of the management team at Gottex Fund Management, a large, long established Fund of Funds organization and a listed public company. At Gottex Fund Management he held several posts including Chairman of the Research and Asset Allocation Committees, Head of Asia, and was a Board Director until his retirement in March 2009.

From 1978-1985 Mr. Bennett worked at Chase Manhattan Bank in both London and New York specializing in Credit and Commodity Finance. He joined JP Morgan, in 1985 where he was a Managing Director and was Head of JP Morgan's North American Derivatives business and later Head of JP Morgan's MBS Business in the 1990s.

Frank Holle concludes: “We are very pleased and proud that Peter has chosen to join the Boards of our funds. His expertise, which is based on both his in-depth knowledge of the hedge fund business and his longstanding experience in financial markets, will be a valuable asset for our investors in our funds. This appointment fulfils our desire to strengthen our good governance practices and to cover the interest of the investors in our funds.”

About Quant Asset Management

Quant Asset Management Pte Ltd advises two award winning, systematic equity hedge funds; QAM Global Equities and QAM Asian Equities, both with track records of more than 5 years and annualized returns of respectively 19% and 17%.

QAM practices a proprietary investment style called QAM Top Rights.

It combines buying undervalued stocks worldwide with upward earnings revisions - TOP RIGHTS - with a dynamic hedge and an adaptation methodology.

The hedge and the dynamic factor weighting methodology are built into the process to avoid periods of underperformance in falling and/or irrational markets.

For further information, visit www.qamfund.com