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Alternative Market Briefing

Last Atlantis inks deal with former head currency trader at Tudor to launch new share class within Last Atlantis Partners fund, Fidelity unit Pyramis to launch L/S hedge funds, aims at $20bln, Vermillion plans to treble quant strategy, Northwest Global to launch levered currency strategy, Cooper Hill shuts three healthcare hedge funds

Thursday, September 27, 2007

Last Atlantis inks deal with former head currency trader at Tudor to launch new share class within Last Atlantis Partners fund Last Atlantis Capital Management, LLC (St. Thomas, USVI) and Jerry Considine, former head currency trader at Tudor Investment, have partnered to introduce LACM Foreign Exchange, Share Class W within the Last Atlantis Partners Fund. The share class will be traded by Mr. Considine and seeks to capitalize on near-term opportunities in the global currency futures and foreign exchange markets.

  The short-term, largely discretionary methodology developed and employed by Mr. Considine has produced consistently non-correlated returns since inception. It combines fundamental and technical market analysis, sentiment evaluation, crowd psychology assessment, and money management to create a uniquely risk-averse investment strategy.

  “Jerry has established an exceptional track record and reputation over the course of his career including stellar turns at Tudor and his own trading firm,” said Irwin Berger, managing partner of Last Atlantis. “His currency program adds another quality alternative to our Last Atlantis Partners platform.”  

With the launch of this new offering, Mr. Considine continues his nearly 30-year career trading the currency markets. Following stints at Citibank and Drexel Burnham Lambert, Mr. Considine’s abilities caught the eye of Paul Tudor Jones, who hired Jerry in 1990 to trade for his entities. After three y......................

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