Tremont Appoints Susan Crotty SVP and Managing Director of Investment Management Services

    CEO Rupert Allan Extends Build-Out of Senior Management Team

    RYE, N.Y., Feb. 19 /CNW/ -- Tremont Capital Management, a leading manager
of fund of hedge fund portfolios, today announced the appointment of Susan
Crotty as Managing Director of Investment Management Services.  Crotty will
work both with the Sales and Marketing team and the Investment Management
group to help design solutions for clients, globally, using Tremont's products
and services.  Her role will include working on specialty mandates and
customized approaches which have become of increasing importance to
institutional investors.
    "Sue's extensive experience consulting to a wide variety of institutions
on fund of hedge fund investing, her understanding of what investors are
seeking to accomplish with their alternatives strategy, and her knowledge of
our industry delivers tremendous benefits to our clients," said Rupert Allan,
Tremont's President and Chief Executive Officer.
    Crotty was formerly Senior Vice President, Alternatives Practice Leader,
at Callan Associates.  Prior to her tenure at Callan, she was a Managing
Director at Ark Asset Management and a Senior Consultant at Hamilton &
Company.  She is also a member of the Investment Committee for the State of
New Jersey Pension System.  Crotty will report to Robert Stone, Executive Vice
President and Global Head of Sales.
    "Tremont is known for its leadership role in the industry and is
strategically poised to deliver what the institutional marketplace needs and
wants today," said Crotty.  "I'm excited to become part of an outstanding
management team that's clearly focused on some exciting opportunities."
    Crotty's appointment to this newly created position further strengthens
the senior executive ranks at Tremont.  Last October, Tremont hired Robert
Stone to direct the global sales effort.  He was formerly Managing Director
and head of Institutional Global Sales at New York Life Investment Management
where he created the institutional sales organization and significantly
increased asset growth through a variety of channels.
    Also in 2007, Tremont appointed Mark Santero to the position of Chief
Operating Officer responsible for Tremont's global operations in North
America, Europe and Asia.  Santero functioned in a similar role at Ivy Asset
Management and held positions prior to that at Amvescap and US Trust.
    Crotty will work closely with Tremont's Investment Management group, led
by Executive Vice President and Chief Investment Officer Cynthia Nicoll.  The
investment group, with 22 professionals, has developed significantly under
Nicoll's leadership since 2005, and continues to add further resources, with a
number of new hires planned for the coming months.
    Tremont's series of senior appointments is part of a growth and
development strategy put in place last year when Allan, then the firm's
President, also assumed the role of CEO.  "We set out to scale our operations
as we grow fund of hedge fund assets, expand our global footprint and deliver
excellence in investment management," said Allan.  "We have taken some very
exciting steps to insure that we have the right senior team in place to
achieve those goals."
    The foregoing is for informational purposes only.  Nothing herein is
intended to be, nor shall it be construed as, an offer to sell, or a
solicitation of an offer to acquire, any Tremont Group Holdings, Inc.
investment product or service.
    About Tremont Capital Management
    Tremont Capital Management is a unit of Tremont Group Holdings, Inc., and
is based in Rye, New York.  Formed in 1984, Tremont Capital Management is
recognized worldwide as an established leader in the investment management of
fund of hedge fund investment products and portfolios. Tremont also has
offices in London, Toronto and Hong Kong. Tremont operating subsidiaries are
regulated around the world by the U.S.'s Securities and Exchange Commission,
the U.K.'s Financial Services Authority, the Ontario Securities Commission and
the Hong Kong Securities and Futures Commission.  Tremont is an affiliate of
OppenheimerFunds, one of the largest and most respected asset management
companies in the United States.

    Media Contacts:
    James McCormick                          Montieth M. Illingworth
    Tremont Group Holdings, Inc.             Montieth & Company
    Telephone: 914-925-1143                  Telephone: 212-336-7531
    E-mail:           Email:

For further information:

For further information: James McCormick of Tremont Group Holdings,
Inc.,  +1-914-925-1143,; Montieth M. Illingworth of
Montieth  & Company, +1-212-336-7531,, for Tremont
Capital  Management

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