Asset Alliance raises £1bn in new funds for its managers

Asset Alliance has raised $1bn in new assets for its 11 affiliated managers, including $900m in structured products in the year ending 30 June 2001. This brings total assets under the Asset Alliance umbrella to $3.2bn, up 85% in 12 months and up 50% year-to-date.

'Investors are seeking secure, stable, long-term commitments to the alternative investment sector and Asset Alliance managers and structured products are filling that need,' said Bruce H. Lipnick, president of Asset Alliance.

These new a