LJH And Attica To Launch Fund Of Hedge Funds

by Carla Johnson, Investors Offshore, London

14 March 2002

LJH Global Investments, LLC, the U.S. hedge fund advisory firm, and Attica Portfolio Management announced yesterday an agreement in principle to form a joint venture to develop a fund of hedge funds product line.

The new alliance will provide European institutional investors and high net worth individuals with access to a tailored group of funds under the Attica-LJH umbrella. While product and distribution details are under development, plans call for LJH and Attica to develop fund of hedge fund products that provide diversification across a variety of hedge fund strategies and managers.

"Investors are increasingly relying on hedge funds as core components of a well-diversified portfolio. As the prospect of lower returns for equity markets over the next few years limits investor options, broader-based fund of hedge fund products are ideal for investors who seek exposure to hedge fund investing," said LJH President James R. Hedges, IV.

"This is a complementary relationship where LJH provides our robust hedge fund manager selection process in combination with Attica's hedge fund skills and product range," said LJH Global Investments-Europe Managing Director Ronald M. Neumunz.

"LJH and Attica believe that combining our activities will create a unique vehicle to meet the growing demands for new hedge fund products in the European marketplace," said Attica Portfolio Management Chief Executive Officer Robert van Maasdijk.

Attica Portfolio Management has offices in London, Amsterdam and Zurich to serve predominately institutional investment clients. Attica has two divisions, Attica Asset Management Limited, which focuses on Multi-Manager Long Only, and Attica Portfolio Management Limited, which focuses on Manager Hedge Fund products.

LJH Global Investments, LLC was founded in 1992 by James R. Hedges, IV to manage private assets, and has rapidly developed into a leading industry specialist in hedge fund investment consulting and advisory services. LJH has advised numerous private investors, financial institutions, and registered investment advisers on the development of fund of hedge funds strategies.

LJH Global Investments Limited, a wholly owned subsidiary of LJH Global Investments, LLC, opened last year in London to serve the European marketplace.
For additional information, please visit the corporate web sites at http://www.ljh.com or http://www.atticainvest.org or call James R. Hedges at 941.593.5000 or Robert van Maasdijk at +44(0)20.7290.8220.

A week ago, Phoenix Investment Partners, Ltd., the investment management subsidiary of The Phoenix Companies, Inc. (NYSE: PNX), announced an
agreement in principle to form a strategic alliance with LJH Global Investments, LLC, a hedge fund advisory firm.

The Phoenix-LJH relationship initially will focus on creating a registered fund of hedge funds product. This is a relatively new development in the marketplace and
is geared toward providing individual investors with access to a portfolio of hedge funds requiring smaller investment minimums than other types of hedge funds.
LJH will develop and manage the fund, and Phoenix will spearhead sales and marketing to high-net-worth individuals through its investment and annuity distribution systems.

This is the second strategic partnership Phoenix Investment Partners has struck with a fund of hedge funds manager. In June 2001, Phoenix teamed with Arden
Asset Management, a New York manager with more than $2 billion in assets, to develop and distribute a fund of hedge funds for institutional investors that Arden
manages and Phoenix distributes.

Michael E. Haylon, chief investment officer of Phoenix Investment Partners and head of its alternative financial products division, said, “Phoenix’s objective is to
offer a continuum of wealth management products that meet the needs of institutional and high-net-worth investors. We’ve chosen to partner with leading hedge fund of fund managers like LJH and Arden, and believe we now have the hedge fund landscape covered with two of the best.”

“LJH is a leader in creating fund of hedge funds products for individual investors, and we are enthusiastic about this new relationship,” said Donnell A. Segalas,
executive vice president of Phoenix’s alternative financial products division. “We believe that, when properly utilized, hedge funds can reduce risk and enhance
returns in a diversified portfolio. The fund of hedge funds product is an ideal approach for individuals seeking exposure to this type of investment,” Segalas said.

“The new alliance with Phoenix combines LJH’s expertise in creating fund of hedge funds solutions with Phoenix’s leadership in the high-net-worth marketplace,
and provides a winning combination for investors,” said LJH Global Investments President James R. Hedges, IV.

Recommended