Lockwood Advisors, a subsidiary of Bank of New York, announced Tuesday that it is offering three registered, no-load hedge funds from Ivy Asset Management, itself a subsidiary of the Bank of New York and Oppenheimer/Tremont. This is part of the firm’s plan to expand beyond separately managed accounts to appeal to a wider reach of financial advisers (see MME 6/20/03).

"As Lockwood pursues its platform expansion program, we will launch additional products, including a passive municipal bond product, a mutual fund wrap program, a mutual fund supermarket and an overlay separate account platform," said Christopher W. Tomecek, president of Lockwood. The firm expects to offer all of these products by mid-summer.

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