Lion postpones launch

Lion Capital Group AG has postponed the launch of three funds that were due to begin trading on 1 February 2001.

The LCT Multi-Manager Fund Limited and the LCT US Long/Short Equities Fund and the group's long-only fund, the LCT US Group Rotation Fund are, expected to begin trading within two months.

Markus Jordi da Costa of Lion Capital said: "We are waiting on a couple of big investors, who would like to be with us from the beginning and we have decided to make this concession to them."