MEQUON, Wis. (HedgeWorld.com)–Fall River Capital LLC, a commodity trading adviser headquartered in this suburb of Milwaukee, announced it will launch a new offshore hedge fund by the end of the first quarter 2005.

Charles F. Wright and Robert Friedl created Fall River in 1999. It pursues trend-following and macro strategies in all its products.

Their new hedge fund will be domiciled in Grand Cayman Island, Mr. Friedl said. He didn’t know how much seed capital it would have when it begins trading, but he did say that the onshore counterpart launched in November 2004 with US$4 million. The onshore fund, a Delaware corporation, is not registered with the Securities and Exchange Commission.

Arthur F. Bell Jr. & Associates LLC, Hunt Valley, Md., will audit the Grand Cayman fund, Mr. Friedl said, and Calyon Financial Inc, Chicago, formerly Carr Futures, will act as prime broker.

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