New Stream Capital's Assets Under Management Exceed $1 Billion

RIDGEFIELD, CT--(Marketwire - August 7, 2008) - New Stream Capital announced today that its assets under management (AUM) exceeded $1 billion, as of July 31, 2008. New Stream Capital's firm-wide assets increased to $1.2 billion, including $400 million recently raised for a new institutional debt strategy designed to take advantage of opportunities in the credit markets. The AUM of $1.2 billion also includes more than $100 million raised in 2008 for the existing hedge fund offering, New Stream Secured Capital, LP, which was founded in 2003. "Based on the confidence of our investors and the steady performance of our portfolios, New Stream Capital has joined the few hundred hedge funds worldwide with assets under management of more than $1 billion," said David Bryson, principal of New Stream Capital. "More importantly, we... [read full story]