Tremont Establishes Asian Presence

Dec 4 2006 | 4:38pm ET

Rye, N.Y.-based Tremont Group Holdings, parent company of fund of hedge funds group Tremont Capital Management, is setting up shop in Asia with its new regional headquarters in Hong Kong.

The new office will offer fund of funds and portfolio products to local and regional private banks, institutional clients and high net-worth investors. Tremont Capital Management (Asia) is Tremont’s third international office, after London and Toronto. The firm recently received a license from the Hong Kong Securities and Futures Commission.

In a statement, Rupert Allan, Tremont’s worldwide president, said, “The launch of the Hong Kong office strengthens our position as a global investment manager of fund of hedge fund products and serves as the cornerstone of our growth throughout the region serving our clients and investors.” 

Tremont is an affiliate of OppenheimerFunds and currently manages some $8 billion in assets. 

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