Monthly Commentary

Prodesse Investment Limited
08 November 2006


08 November 2006


MONTHLY INVESTOR COMMENTARY


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


This month's headlines are:


The Mortgage Market: Mortgage activity slows; subprime credit performance
worsens The Economy: The Federal Reserve's housing paradox

The Markets: Rates take a round trip, oil loses steam


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]


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