News in brief 1

• Liberty Ermitage Group has added a Swedish Krona (SEK) currency class to its $300m Asset Selection fund of hedge funds, to meet the requirements of institutional investors in Sweden.

The group introduced its alternative investment funds to the Swedish market during the autumn of 2001 in partnership with Intervalor, a distributor of international asset management products and services to the Nordic region.

• Citibank e-Business, a division of Citigroup, has launched a web-enabled treasury

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