Tremont Capital Management, Inc. plans to open an office in Hong Kong under the Tremont Capital Management (Asia), Ltd. name in the first quarter of 2006 in a bid to capitalize on the growing hedge fund market in the Pacific Rim.

Starting next month, Tremont is assigning a representative to an affiliate in Hong Kong to begin the launch of Tremont's Asian initiative, pending the establishment of its office.

"The growth in size and depth of our client base in Asia, as well as the opportunities we see in the coming years dictate that we expand into Asia," said Robert Schulman, Tremont CEO.

Tremont expects that its location in Hong Kong will be an effective cornerstone from which it can build on the firm's distribution network in select Asian markets.

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