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International Asset Management to sponsor hedge fund research at LSE

International Asset Management (IAM) today announces that it has agreed to sponsor the London School of Economics and Political Science (LSE) to establish a hedge fund research programme. This will carry out independent academic research into hedge fund management.

IAM is funding the LSE's Financial Markets Group for an initial period of three years, by sponsoring an IAM Fellowship in Hedge Fund Management. A senior academic will be appointed to this position and, in addition, IAM will provide funding for two PhD Scholarships in Hedge Fund Management.

The LSE research team will have access to over twelve years of IAM's proprietary data on hedge fund performance. The grant is designed to fund independent analysis of key topics in the hedge fund management arena and the team will publish papers to further the academic and theoretical understanding of important issues of hedge fund management and performance. The research that is produced will be published as a series of Working Papers by the LSE Financial Markets Group and will be presented at several seminars and conferences, to which interested industry participants and academics will be invited.

The first event in the research programme will be a major hedge fund conference to be held in Q3 2002. This conference will bring together top international academics and industry practitioners who will present some of the latest research on important hedge fund issues.

Alan Djanogly of IAM said: "We are delighted to sponsor a world-renowned institution such as LSE to carry out independent analysis of hedge funds. We recognise that hedge fund management is relatively under-researched due to the rapid growth of the industry. As specialists in this area, we are keen to participate in the furthering of high quality academic research and to this end we have also contributed over twelve years of our comprehensive, proprietary data."

Professor David Webb, director of the Financial Markets Group, LSE, said: "We are pleased to have a company with the track record of IAM as one of our sponsors. This is an excellent opportunity to develop LSE research further and considerably progress academic thinking in what is a complex and crucial financial area."


For more information, contact Judith Higgin LSE Press Officer, 020 7955 7060
Tricia Parish Brunswick, IAM, 020 7404 5959

Notes to Editors:

1. IAM manages portfolios of hedge funds for institutions and high net worth individuals. It is one of the oldest and largest independent specialist hedge fund multi-managers in Europe, with over $1.5 billion funds under management. Founded in 1989, the company specialises in tailor-making portfolios of hedge funds and is experienced in investing in all the principal hedge fund strategies. All major hedge fund management styles are included in IAM's database and the company has invested significantly in its proprietary quantitative systems.

For further information, go to www.iam.uk.com|

2. The London School of Economics and Political Science (LSE) is a world-class centre for its concentration of teaching and research across the full range of the social, political and economic sciences. Founded in 1895 by Beatrice and Sidney Webb, with around 7,500 full and part-time students from more than 120 countries worldwide, LSE has an outstanding reputation for academic excellence, rated second in the UK in the latest survey of university research excellence.

The Financial Markets Group at the LSE has now been in existence for over fifteen years. The Centre, with support from the LSE and the Steering Committee fulfils an important function in the academic world and is at the interface of academe and practice.

For additional information on the FMG at the LSE go to http://fmg.lse.ac.uk|

18 June 2002