Tremont Advisers agreed to buy TASS Management, a London-based hedge fund-tracking firm.Terms were not disclosed.
TASS will operate as a subsidiary of Tremont. Nicola Meaden, TASS chairwoman and chief executive, will retain those titles and will be president of a new European hedge fund consulting group. Hunt Taylor, executive vice president of TASS, also retains his title and will become senior vice president of global marketing and sales for Tremont.
Tremont expects to use the purchase to expand its presence outside the United States.
The combined firm will create a database that tracks 2,200 hedge funds.
