***InvestHedge*** held its “Fund of Funds” Awards Dinner last month in New York City.

Awards were presented to leading Funds of Funds that outperformed in 2002. According to *InvestHedge*, the returns of the nominated funds show that 2002 may have been a tough year for the funds of funds industry in general, but many groups still managed to thrive, notching up impressive risk adjusted numbers.

Prizes went to funds that displayed the best mix of risk adjusted returns and outright returns throughout the year, and the winners were announced to a capacity crowd of 450 people.

**RMF Investment Group** won the “Group of the Year” award.

RMF Investment Management (Bahamas) Ltd. was established in May 2001 as a wholly owned subsidiary of RMF Investment Group in Switzerland.

The company provides investment management services to mutual funds organised and sponsored by RMF Investment Management. It is licensed as a broker-dealer, class II by the Securities Commission of The Bahamas and maintains a secondary market in some of these mutual funds.