Montieth Illingworth, a spokesman for Tremont, said that Tremont is reviewing the judge's order and did not have any immediate comment.
Average annual returns in 2001 and 2002, estimates Stephen Jupp of Tremont Advisers, a New York investment and advisory firm, were around 4.4%.
All the while he was reporting terrific returns that brought in assets funneled to him from, among others, Tremont Partners run at that time by Sandra Manzke.
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It is, says Nicola Meaden, who runs Tremont in Europe, almost inconceivable for any fund set up in the past two years not to have a business manager.
After obtaining an engineering degree, several patents and some seed money, LeMieux has put his career as a business consultant behind him and started his own company , Tremont Electric.
The Bronx Tremont Corps' kinetic fund-raising technique seems to be an attention-getting success if the jubilant crowds surrounding captains Balmori and Coello and snapping their pictures even falling in step beside them are any indication.
The judicial order follows the filing in February of a lawsuit by Fairfield against KPMG, the auditor of Tremont Partners, which allegedly acted as a consultant to and hedge fund manager for the Connecticut town.
And investors have shown they require more return in exchange for the extra risk--new inflows into hedge funds are down almost 50% from the first three months of the year, according to Tremont Capital Management.
And then at his restaurant, Tremont 647, he turns around and serves tasting menus of dishes like "smoke-vide" beef ribs a preparation that combines smoking with the sous-vide method of cooking vacuum-sealed food in a low-temperature water bath and smoked duck-confit po'boys.
Tourists to the U.S. and other cardholders who carry such plastic will still be able to withdraw cash from U.S. ATMs. Consumers are unlikely to see higher costs in the near future, but ATM owners may choose to remove their machines from fraud-prone areas such as tourist destinations and border towns, said Sam Ditzion, chief executive of Tremont Capital Group, a Boston-based firm that tracks the industry.
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