SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 1, 2000
TREMONT ADVISERS, INC.
(Name of small business issuer in its charter)
Delaware 0-27077 06-1210532
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
555 Theodore Fremd Avenue, Rye, New York 10580
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (914) 925-1140
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ITEM 5. OTHER EVENTS
On February 1, 2000 Tremont Advisers, Inc.'s Class B Common Stock was
listed on the Nasdaq SmallCap Market under the ticker symbol TMAV. Previously,
the Class B shares were quoted on the OTC Bulletin Board under the ticker symbol
TMAVB.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
99.1 Press release dated February 1, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TREMONT ADVISERS, INC.
Date: February 7, 2000 By: /s/ Stephen T. Clayton
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Stephen T. Clayton
Chief Financial Officer
(Duly authorized Officer and
Principal Financial and
Accounting Officer)
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EXHIBIT 99.1
Press Release 00-2
FOR IMMEDIATE RELEASE
Contact: Robert I. Schulman, President
TREMONT ADVISERS IS LISTED ON NASDAQ SMALLCAP MARKET
Rye, NY, February 1, 2000 - Tremont Advisers, Inc. today announced that its
Class B shares are now listed on the Nasdaq SmallCap Market under the ticker
symbol TMAV. Previously, the Class B shares were quoted on the OTC Bulletin
Board under the ticker symbol TMAVB.
Tremont Advisers, through its subsidiaries, is primarily engaged in three core
businesses: consulting, information and investment products for the global
alternative investment industry. Its business has grown significantly over the
past several years as both institutional and high-net-worth individual investors
increasingly seek to create portfolios of hedge fund investments. In addition,
the firm expanded its business last year by acquiring TASS Investment Research
Limited, a London-based provider of information and data on alternative
investments, as well as by launching a family of proprietary funds.
"The listing on the Nasdaq SmallCap Market is an important milestone in the
development of our firm," said Sandra Manzke, Chairman of Tremont Advisers. "It
has been our vision to build a premier firm dedicated to alternative investing
on a global basis. Clearly, our growth over the last several years is a signal
that a significant investing trend is underway."
Tremont is aggressively seeking to expand its business both in the U.S. and
overseas and, most recently, by pursuing non-domestic business. European, Asian
and other non-U.S. investors have shown an increasing interest in hedge funds,
says Manzke.
According to Tremont Advisers President Robert Schulman, "Tremont has more than
a decade of experience creating portfolios of alternative investments. We are
committed to providing the thorough quantitative and qualitative research of
hedge fund managers that is necessary to build portfolios of hedge fund
investments that are consistent with clients' risk and return objectives. Our
mission is to bring the highest quality products and services to the
marketplace."
Tremont, through its subsidiaries, consults on more than $700 million in
proprietary funds and has more than $100 million in insurance policies in force,
which are invested in alternative investments. Through TASS Investment Research
Limited, the firm provides data on the performance of more than 2,500
alternative investment managers and funds. Tremont's wholly owned subsidiaries,
Tremont Partners, Inc. and Tremont Securities, Inc., are registered,
respectively, as an investment adviser under the Investment Advisers Act of
1940, and as a registered broker dealer under the Securities Exchange Act of
1934. Tremont is headquartered in Rye, New York, and has offices in Toronto,
Bermuda and London.
For more information on Tremont Advisers, visit www.tremontadvisers.com
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Certain statements in this Press Release constitute "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Companies to be materially different from any future results, performance or
achievements expressed or implied by such forward looking statements. The
Companies assume no obligation to update these forward looking statements to
reflect actual results, changes in assumption or changes in other factors
affecting such forward looking statements.
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