Fund of Hedge Funds People moves

Tremont US sales team departs

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Tremont Capital Management has bid farewell to Bob Stone and Maureen Garrity, who were relatively recent additions to the $3.7 billion firm's marketing and sales team.

While the firm is not accepting new investments, Tremont is still managing its existing portfolio with nearly 40 staffers globally and still has sales staffers in London and Hong Kong. Tremont closed its Rye Investment Management business in January. RIM, the $3 billion single-manager platform of Tremont, comprised of the Rye Broad Market Fund series that invested with Bernard Madoff.

Tremont's sales force build-out began in 2007, when Stone joined Tremont from New