Asset Alliance Corporation

PROFILE Asset Alliance is a holding company that buys preferred interests in other privately held investment management firms specializing in alternative investment strategies. The company usually buys an equity interest in established midsized firms that utilize hedging and other risk-modifying strategies when making investments. Its revenue comes from a percentage of the money made by its associated firms. Asset Alliance, which is also expanding abroad, has preferred interests in 11 alternative investment managers, which together have more than $2.6 billion in assets under management. Investors in the firm include Bank of America, market maker Spear, Leeds & Kellogg, and insurance broker Arthur J. Gallagher.  COMPETITION Affiliated Managers Group, Inc. (AMG) Pequot Capital Management, Inc. (dossier) United Asset Management Corporation (dossier)		FINANCIAL OVERVIEW Fiscal Year-End: December 1997 Sales (mil.): 7.90 1-Yr. Sales Growth: 766.7% Employees: 11 Revenue per employee: $718,181.82  KEY PEOPLE • Bruce H. Lipnick     CEO • Stephen G. Bondi     CFO  CONTACT INFO 800 3rd Ave. New York, NY 10022 US Phone: 212-207-8786 Fax: 212-207-8785 Online: Web Site

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