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Arden Developing Hedge Funds Of Funds For Phoenix Unit

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NU Online News Service, July 2, 3:25 p.m. – Arden Asset Management Inc., New York, is developing a domestic hedge fund of funds and an offshore version for Phoenix Investment Partners Ltd., the investment management arm of The Phoenix Companies Inc., Hartford.

Phoenix Investment Partners will sell the Phoenix-Arden funds to institutional clients and wealthy individuals and families.