Monthly Commentary - Replace

Prodesse Investment Limited
09 February 2007


The following replaces the previous announcement released today at 12.16 under
RNS number 0209R.


09 February 2007


                           MONTHLY INVESTOR COMMENTARY


FIDAC, the investment manager of Prodesse Investment Limited, has today posted
its January monthly investor commentary on the US Mortgage Market, The US
Economy and the US Markets.


This month's headlines are:


The Mortgage Market: Prepays speed up; examining activity in sub-prime mortgages
The Economy: The Fed looks to stay on hold, watching and waiting for definitive data
The Markets: Stocks and bonds react to the Fed on hold; oil falls


Investors can access a copy of the Monthly Commentary at www.prodesse.co.uk


Press and Analyst Enquiries:
Rob Bailhache / Nick Henderson, Financial Dynamics
Tel: [phone]






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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