GREENWICH, Conn. (HedgeWorld.com)–FrontPoint Partners LLC, an investment management firm with a stable of alternative investment products incorporating by its own count nine strategies, is adding a 10th–creating a credit relative value team–it announced.

The new team, to be headed by Robert Wenzel and Robert Smalley, will be headquartered in New York. Both men come to FrontPoint from The Clinton Group Inc., New York, where Mr. Wenzel was a senior portfolio manager overseeing a team of credit traders and Mr. Smalley was director of credit research, supervising sector-specialized credit analysts.

“We believe there are strong market opportunities throughout the credit spectrum and we hope to exploit these using our fundamental credit research and trading expertise,” said Mr. Smalley, as quoted in FrontPoint’s announcement.

Philip Duff and Gil Caffray, both former executives of Tiger Management Inc., and Paul Ghaffari, formerly of Soros Fund Management Inc., founded FrontPoint in November 2000, with seed money from insurance company XL Capital Ltd., Bermuda.

CFaille@HedgeWorld.com

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