Lakeview, Activist Fund of Funds, Appoints Tony Lissuzzo as Portfolio Manager

Aug 30, 2010, 11:38 ET from Lakeview Investment Manager

CHICAGO, Aug. 30 /PRNewswire/ -- Lakeview Investment Manager, a leading activist fund of hedge funds, announced today that it has appointed Tony Lissuzzo as Portfolio Manager of the Lakeview Opportunity Funds.  In this new role, Mr. Lissuzzo, 42, is responsible for portfolio management as well as manager due diligence.  Based in Chicago, he reports to Richard Elden, managing partner of the Lakeview funds and founder of Grosvenor Capital Management.  Lakeview allocates approximately $300 million to event-driven hedge funds.

"Tony's 19 years of experience both as an investor and asset allocator make him uniquely qualified to evaluate managers, monitor investments, and construct a well-balanced portfolio," said Mr. Elden.

Mr. Lissuzzo has been involved in multi-manager investments and portfolio management for nearly two decades, most recently as Head of New Investments at Man Investments.  He began his career at D.E. Shaw & Co and later held positions with Bank One, Sirius Partners, and Glenwood Capital, joining Man following the integration of Glenwood into Man.

"I am pleased to join Lakeview," said Mr. Lissuzzo.  "The portfolio of the best eight to fifteen activist value investors in the world allows for diversification without resorting to second–tier managers."

Mr. Lissuzzo is a Chartered Financial Analyst and holds his MBA from The University of Chicago Booth School of Business.

In addition, Frank C. Meyer, who founded Glenwood, continues as an investment consultant to Lakeview and has agreed to serve on the Investment Committee.

About Lakeview Investment Manager

Lakeview Investment Manager is a leading activist fund of hedge funds established in 2006.  Based in Chicago, Lakeview allocates approximately $300 million to activist funds globally.    

Important notes

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities related to the strategies discussed in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to any required registration or qualification in such state or jurisdiction. Investors should consider carefully information contained in an offering document before investing in any product related to the discussion in this press release. Investment value in any product will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

SOURCE Lakeview Investment Manager