Connaught welcomes Tiuta’s record month

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 10, 2011 -- Connaught Asset Management, the boutique asset manager, has today (10th June 2011) welcomed the announcement from Tiuta plc, its Specialist Partner for the Connaught Income Funds Series 1 and 2, of its record month for May in terms of the number of new loans it completed.

After refocusing its business priorities on its traditional short-term bridging loan activities during the first quarter of 2011, Tiuta saw the number of completed loans increase in May by 29% over that of April. One particular loan to a Yorkshire-based manufacturing firm gave the business time to secure long-term finance and has led to the saving of 25 jobs at the firm.

Mike Davies, Chairman of Connaught Asset Management Limited and a director of Connaught Asset Management Guernsey, commented:

“It is of particular pleasure to Connaught to see Tiuta return to the market in such a dynamic way as this news justifies our continuing support of Tiuta as the source of the assets in our successful Income Funds. We take further pleasure in the news of the contribution one of our loan assets has made in a small way to the UK employment scene, but immeasurably important way to a local community. It was also good to read the endorsement of Tiuta’s refocus and service standards from the Mortgage Director of the much respected firm of national mortgage intermediaries, John Charcol.”

Below is a link to the Tiuta news item as published on the FT Adviser website:
http://www.ftadviser.com/FTAdviser/Mortgages/Products/Specialist/News/article/20110608/0520dbe2-91a8-11e0-89aa-00144f2af8e8/Tiutas-completed-deals-up-in-May.jsp

For more information on Connaught Asset Management please visit: www.connaughtam.com, or contact James Allen on 020 8971 9727.

ENDS

For further information please contact:
Mike Davies, Chairman, Connaught Asset Management, Mobile: 07960 980632

James Allen, New Funds Director, Connaught Asset Management, Tel: 020 8971 9727; james.allen@connaughtam.com
Rob Griffiths, Director, White Dragon Communications Ltd, Tel: 01483 549282; Mobile: 07983 641566

Notes to editors:
About Connaught Asset Management
• Connaught Asset Management was formed in February 2007 to research and offer asset-backed lending and non-correlated investment opportunities into the investment market, based and secured against tangible assets to minimise investment risk and offer investors and institutions innovative ways to diversify their investments.

• Over the last two years Connaught has designed a series of income funds which have continued to perform despite the volatility in many markets world-wide and historically very low interest rates, offering investors a fixed annualised return of between 7.15% and 9%.
• The Connaught Income Fund, Series 2, is offered through Connaught’s regulated Guernsey-based subsidiary, Connaught Asset Management (Guernsey) Limited. Series 2 lends in to the residential housing market for the short to medium-term with a targeted overall Fund maturity of 18 months and has the option of investing up to 10% in commercial property. Connaught Income Fund, Series 3, moves away from the urban environment in to the agricultural lending sector acting as a portfolio diversifier for investors who already hold investments in Series 1. The average LTV is targeted at 65%.

• These funds epitomise the philosophy of Connaught and with no correlation to Bank of England base rates will continue to be attractive to investors wishing to find alternative income solutions.

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