vFinance Acquires Hedge Fund Manager

September 6, 2001 (PLANSPONSOR.com) -- vFinance, Inc. an investment banking and brokerage firm, has acquired Critical Advisors, the hedge fund management company for the Critical Infrastructure Funds.

New York-based Critical Infrastructure Fund I invests in equities and bonds of companies in regulated industries such as telecommunications, Internet, cable television, and electric utilities infrastructure. The fund was founded in 1999.

Under the terms of the agreement, the Critical Infrastructure Funds will keep its name as it becomes part of the vFinance product line.

Two of the fund’s founders, Kathleen Wallman and Joseph Daniel, will continue to participate in its management.