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Alternative Market Briefing

Duff Capital Advisors on new paradigm train

Thursday, March 06, 2008

Follow-up from yesterday’s coverage: Bloomberg.com.

Benedicte Gravrand, Geneva: Industry veteran Phil Duff, who used to be one of FrontPoint Partners’ co-founders (Morgan Stanley acquired FrontPoint in December 2006), and before that Tiger Management’s COO, has just launched a new asset management firm called Duff Capital Advisors with offices in Greenwich, CT. Mr. Duff talked to Opalesque about his vision for the company.

As well as announcing the launch of the firm, Duff Capital Advisors released two simultaneous sets of news yesterday (press releases).

New proprietary tools and FoHFs from Azimuth brought onboard The first one was that the company had bought a majority of the assets and intellectual property of Azimuth Asset Management, including the Fat-Tailed Catastrophic Risk and Asset Allocation System (FatCat). In addition, DCA has replaced Azimuth as managing member and investment advisor of three of its diversified funds of hedge funds.

“This is the first risk management tool that has been enhanced to include both illiquidity risk and crisis r......................

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