North Lake Launches New Hedge Fund

March 20, 2003 ( - Institutional investors have a new offering from hedge fund-of-funds manager North Lake Capital Advisors - Claremont Partners Qualified Fund, LLC.

A sister fund of Claremont Partners, LP, the new hedge fund is intended to provide stable low-Beta returns and transparency via monthly third-party verification of its holdings to clients.   Since its inception in January 1995, the existing fund has out-performed the Hedge Fund Research Fund-of-Funds Index by over 600 basis points per annum, according to a news release.  

Alan Shealy and Ted Kunz, CFA will manage the new offering.   Shealy will mainly direct portfolio management and operations and Kunz will provide internal control, risk management, performance reports, and client service, while offering a helping hand in portfolio management.