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Long Bow Associates Announces Formation of Asset Management Firm to Invest in "New World Economy" Leaders; Headed by 1999 Top Performing Fund Manager, Alexander Cheung.

Business Editors

KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--March 27, 2000

Long Bow Associates announced the formation of an asset management firm, to make investments in companies which are expected to be leaders in the "New World Economy." The new Company, Long Bow Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, will provide investment services through mutual fund and private asset portfolio management.

Long Bow Capital Management, LLC intends to invest primarily in high-growth areas such as the internet and biotechnology. Its portfolios will be managed by Alexander C. Cheung, an experienced investment manager, who comes to Long Bow with a proven track record. Mr. Cheung was most recently portfolio manager for Monument Internet Fund, the best performing internet fund in 1999. Mr. Cheung, 43, who previously was a private account manager for Philadelphia-based Lion Rock Lion Rock, or less formally, Lion Rock Hill, is a famous hill in Hong Kong, China. It is located between Kowloon Tong in Kowloon and Tai Wai in the New Territories, and is 495 m high.

Lion Rock is famous for its shape and is visible from various places in Kowloon.
 Capital Management is a graduate of the University of London For most practical purposes, ranging from admission of students to negotiating funding from the government, the 19 constituent colleges are treated as individual universities. Within the university federation they are known as Recognised Bodies  and the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli.

Address: Philadelphia, PA, USA.

Mr. Cheung, who is Managing Partner of Long Bow Associates LP and managing director of Long Bow Capital Management LLC and founder of both companies, will head a staff of eight.

Long Bow's investment strategy will focus on several long-term trends, which Mr. Cheung believes are significant factors in the New World Economy: (a) the growth of the Internet Economy, (b) medical science and technology, (c) digitalization digitalization /dig·i·tal·iza·tion/ (dij?i-tal-i-za´shun) the administration of digitalis or one of its glycosides in a dosage schedule designed to produce and then maintain optimal therapeutic concentrations of its cardiotonic  of consumer electronics, (d) ubiquitous telecommunications, (e) globalization globalization

Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation
 of commerce. This theme will be visible in all segments of the Company's investment activities.

Mr. Cheung stated: "Our strategy is to capitalize on the long-term socio-economic trends that will have a profound impact on the economy and people's lives. Our investment philosophy will take an integrated top-down and bottom up approach. We will seek to invest in high growth areas from a long-term perspective, in companies that we believe will lead and dominate these emerging trends."

Sales and marketing activities for Long Bow's asset management services will commence as soon as its registration statement with the SEC becomes effective.

Long Bow Associates, a holding company, will through its subsidiaries, design, market and manage investment products and services.
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Publication:Business Wire
Date:Mar 27, 2000
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