Monthly Investor Commentary

Prodesse Investment Limited
09 May 2008


9 May 2008
                          MONTHLY INVESTOR COMMENTARY

FIDAC, the investment manager of Prodesse Investment Limited, has today posted
its April 2008 monthly investor commentary on the US Economy, US Mortgage
Market, and the US Markets.

This month's headlines are:

The Economy: Mr. Market lifts his head out of the rubble
The Mortgage Market: Mortgage refinancing speeds to be held down by price 
declines, lack of credit
The Markets: Go figure: the Fed cuts again, and the dollar rallies

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

Enquiries:

Rob Bailhache / Nick Henderson, Financial Dynamics
Tel: [phone]






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