October 4, 2004

Sensing Growing Interest, Norshield Adds to Team

MONTREAL (HedgeWorld.com)--In a nod to growing institutional interest in hedge funds, Norshield Financial Group hired Tristram Lett to help bring in even more business.

Norshield named Mr. Lett a senior vice president, and his job will be to help the firm increase its market share in alternative products creation, research and consulting, according to a news release from Norshield.

Previously, Mr. Lett was director of alternative investments at RBC Capital Markets, Toronto. An RBC Capital markets spokesman said the position had not yet been filled.

John Xanthoudakis, Norshield's founder and chief executive, said in a statement that interest in hedge funds and in Norshield drove the company to add the senior vice president role, and that Mr. Lett was highly qualified to fill it. "His wealth of knowledge and expertise in the hedge fund sector will significantly augment our already strong position in the fund of hedge funds business, as well as assist us in responding to the attention that our unique investment philosophy is receiving," he said.

CClair@HedgeWorld.com

Contact Bob Keane with questions or comments at: bkeane@investmentadvisor.com.

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