In HedgeCo news, two established management firms have formed a mutually supportive relationship to provide Canadian alternative investors with access to the best alternative asset products globally.

New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with sceptre Investment Counsel Limited, one of Canada's leading independent money management firms.

Richard L. Knowles, Sceptre's President and CEO said, "Sceptre has many strong relationships in the Canadian investment community, and our clients have long trusted us to manage their pooled funds, mutual funds, and other investments. FGG manages some of the industry's finest funds of hedge funds and other alternative asset products. We believe that Sceptre's clients will understand the great value that FGG brings to the table, and that they will have considerable interest in the outstanding hedged products to which they may now gain access through this new relationship."