Net Asset Value(s)-Amendment

RNS Number:1228N
PSolve Alternatives PCC Ltd
01 February 2008



The following replaces the Net Asset Value announcement released at 12:58 under 
RNS number 1114N.

Contact details have now been included.

The full amended release appears below.



PSolve Niche Opportunities Fund - Net Asset Value

PSolve Niche Opportunities Fund (the "Fund") is a closed-ended protected cell of
PSolve Alternatives PCC Limited (the "Company").


1st February 2008


Net Asset Value

As at 31 December 2007, the final net asset value per share of the Fund's shares
was 110.10p.  Performance in December 2007 was -0.02% based on the final net
asset value at 30 November 2007 of 110.12p.

This valuation is for information purposes only. Monthly net asset values are
based principally on formal valuations supplied to the Company by the
administrators of the Company's underlying investments. Where no such valuation
has been received by the Company's valuation date, an estimated valuation
prepared by the manager or administrator of the underlying fund has been used.

Investors should note that many or all of the Company's investments are unquoted
and that valuations or estimates are unaudited and may not comply with generally
accepted accounting or valuation principles. Furthermore, no verification or
other due diligence process has been undertaken in respect of these valuations
or estimates and PSolve Alternatives PCC Limited accepts no responsibility for
the accuracy of such information.


Investment Policy

PSolve Niche Opportunities Fund targets absolute returns in excess of 15% per
annum averaged over any five year period with low correlation to traditional
equity benchmarks and volatility of less than 10%.

The Company seeks to achieve this through active portfolio management beginning
with a top down macro analysis of global opportunities and risks, then building
the portfolio by identifying hedge fund managers on a bottom up basis.
Diversification of return drivers is sought to ensure that the portfolio is able
to generate returns and suffer limited downside during market events. The
portfolio will typically comprise of around 20 managers. There is an emphasis on
smaller, niche hedge funds.

The Company's shares are denominated in Sterling and the Company will apply a
currency hedging policy to protect the Sterling value from movements in the US
Dollar denominated underlying investments.


Investment of Net Proceeds of Issue


As at 31 December 2007, the Fund was approximately 90% invested in 20 underlying
hedge funds across 6 strategies.



Enquiries: PSolve Alternative Investments

Steve Wakefield
Phone + 44 (0) 20 7024 7435


Enquiries: HSBC Securities Services (Guernsey) Limited

Alison J Bilham
Phone + 44 (0) 1481 707213



END


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END

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