Tremont expands FoF business to Asia

Tremont Capital Management, which manages $8 billion of funds of hedge funds from its headquarters outside of New York City and an office in London, is extending its business to Asia.A division of Oppenheimer Funds, itself owned by MassMutual, Tremont is best known in Asia for the index of hedge fund managers it runs in conjunction with Credit Suisse.The company was founded in 1984 as an advisor for hedge funds and their institutional clients, but in the past few years it has transiti…