dms Management Ltd. Announces New Director

GEORGE TOWN, Grand Cayman, July 8, 2010 - dms Management Ltd. (DMS), the largest management firm in the Cayman
Islands focused on serving the hedge fund industry, is proud to announce that
Don Ebanks has been appointed Director. As one of the principals of DMS, Mr.
Ebanks will serve as an independent director of hedge funds and other
alternative investment vehicles, drawing on his extensive experience in asset
management, financial regulation and corporate restructuring.

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Don Seymour, DMS Managing Director, commented "We are delighted to
welcome Don to our team to meet growing client demands for the professional
fund governance methodology offered by DMS. His outstanding capabilities will
complement our already exceptional group of directors whom have been
internationally recognized as industry leaders by serving some of the most
notable names in the hedge fund industry during the last decade. We look
forward to his continued outstanding contributions to our client and industry
community."

Prior to joining DMS, Mr. Ebanks served in a number of high-profile
positions. He was the Managing Director of Ernst & Young, insolvency and
restructuring practice group in the Cayman Islands, and also worked in its
London office. Before that, he was the Head of Compliance of the Cayman
Islands Monetary Authority (CIMA) where he created the Compliance Division
and was instrumental in developing the compliance framework for the CIMA.
Prior to this appointment, he served as the Deputy Head of the Investment
Services Division of the CIMA.

Mr. Ebanks began his career with Coutts & Co. before moving to Barclays
Private Bank in the Cayman Islands, serving as a portfolio manager at both
institutions. A member of the Cayman Islands Compliance Association, Mr.
Ebanks holds a Master of Arts degree in Economics from the University of
Western Ontario.

DMS is the largest management firm in the Cayman Islands focused on
serving the hedge fund industry. Its principals serve as independent
directors, advise hedge funds in distressed conditions, and structure and
service offshore hedge fund business solutions. With ten principals and more
than 40 industry professionals leveraging proprietary leading-edge
technology, DMS is the most professional firm in fund governance and its
reputation as the industry leader is internationally renowned.

For more information on this press release, please contact Nainna Leader,
Business Development, at +1-345-749-2570 or nleader@dms.com.ky

Nainna Leader, Business Development, dms Management Ltd., +1-345-749-2570, nleader at dms.com.ky