Momentum assets raised to £250m

Momentum has announced that a two-year programme to link hedge fund portfolios to bank issued structured notes has brought the total assets under management in this programme to over $250m. Over the period April 1999 through April 2001, Momentum has sponsored the launch of 14 structured notes where the face value is guaranteed by the issuing bank and an underlying hedge fund portfolio, constructed by Momentum, acts as the performance driver. Greg Knott, director of The Momentum Group, said: