Tremont Advisers has changed its name to Tremont Capital Management, in order to more accurately reflect the companys business focus. The hedge fund manager is owned by OppenheimerFunds.
While the change may appear subtle, the word "advisers" was confusing to many potential clients, said Barry Colvin, president of Tremont. "They come in and they dont understand exactly what role we have. I believe that a name should convey what youre doing and what role youre getting with your clients. We are less and less an adviser and more and more a capital manager."