CALGARY, ALBERTA--(Marketwire - Nov. 13, 2012) - On October 30, 2012, at the Canadian Hedge Fund Awards held in Toronto, the Norrep Market Neutral Income Fund won the award for "Best New Fund", which is deemed to be a fund that has a one year track record, but has been around for less than three years. The Norrep Market Neutral Income Fund (the "Fund") achieved an annual return of 20.1% in the one year period ending July 31, 2012, versus the S&P/TSX one year return of -7.2%, to win this prestigious award.

Keith Leslie, Portfolio Manager of the Fund, said "We are very proud and excited to be recognized as the best new hedge fund in Canada. After ten years of back testing, the Norrep Market Neutral Income Fund was designed to provide consistent, positive, sleep-at-night returns regardless of whether the overall stock market is up or down, and we were able to reach that objective.

Launched at the beginning of 2011, the Norrep Market Neutral Income Fund is an all market capitalization Canadian Equity fund that matches long positions and short positions of stocks in the same sector to eliminate equity market risk. Also known as an "absolute return fund", its objective is to provide a positive annualized return with low volatility regardless of market direction. The Fund pays a quarterly tax-efficient distribution to generate income for investors and is re-balanced on a daily basis to remove all equity exposure. Norrep believes that, in order to maintain its strong performance, the Fund must remain small and nimble.

With a commitment to remain small, pay a tax-efficient distribution, re-balance the fund daily, and limit volatility, Norrep is confident that they have a truly unique product that will benefit investors for years to come while diversifying their portfolios.

Hesperian Capital Management Ltd. is a Canadian investment management firm with offices in Calgary and Toronto. Please visit for more details about Hesperian and the Norrep Group of Funds.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

Contact Information:

Hesperian Capital Management Ltd.
Deirdre Harris
Chief Operating Officer
(403) 531-2650