Hedge Funds

Christian Brothers seeds three funds

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The $4 billion New York-based Christian Brothers Investment Services is planning to seed a trio of hedge funds with some $50 million in assets by the start of 2006. The equity strategies will be overseen by three traditional money management groups, each with a quantitative bent. The three groups will be expanding into hedge funds for the first time.

The new long/short funds will be managed by Old Mutual affiliate Analytic Investors in Los Angeles, Freeman Associates of Rancho Santa Fe, Calif., and Boston-based Martingdale Asset Management.

Christian Brothers Investment Services plans to offer the three substrategies under the umbrella