TORONTO (HedgeWorld.com)–Tremont Investment Management Inc.* announced that it is expanding its research coverage of Canadian-domiciled hedge funds through a campaign to include more Canadian funds in Tremont’s TASS Database.

There are about 150 Canadian hedge funds of varying shapes and sizes that Tremont would like to add to its database, said Robert Parnell, president of Tremont Investment Management.

“While the Canadian hedge fund industry is still in its infancy, it is expanding and we believe there are a number of excellent managers here whom we want to capture from a research perspective,” he said.

For the next several months, Tremont plans to coordinate with database managers in New York and London to assure that the formal campaign reaches the entire Canadian hedge fund industry. The TASS database already has 3,200 hedge funds from around the world, but historically has had very little representation from the Canadian hedge fund managers. The database is also the backbone of the CSFB/Tremont Hedge Fund Index.

The incentive to Canadian managers is increased exposure, the potential to qualify for the CSFB/Tremont Hedge Fund Index and the possibility of becoming a candidate for Tremont’s institutional hedge funds of funds, Mr. Parnell said.

Tremont Investment Management has some retail funds in addition to two portfolios it manages for Mackenzie Financial Corp. that total C$160 million (US$102.9 million) in assets.

*Tremont Investment Management Inc. is the Toronto-based, Canadian subsidiary of Tremont Advisers Inc., which is a minority investor in and strategic partner with HedgeWorld.

SBarreto@HedgeWorld.com