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KEVIN D. MACK TO HEAD NEW INTERNATIONAL FUTURES FUND COMPANY

 KEVIN D. MACK TO HEAD NEW INTERNATIONAL FUTURES FUND COMPANY
 CHICAGO, Oct. 12 /PRNewswire/ -- A new international funds management company today announced its intention to become a major participant in the global futures fund industry.
 Gotham Asset Management of Chicago, U.S.A., and its sales and marketing subsidiary, Greystone International of Dublin, Ireland, are "...developing innovative products scheduled for near-term launching," said Kevin D. Mack, president of Gotham.
 The recently formed company is a non-guaranteed independent subsidiary affiliated with Geldermann Inc., a futures commission merchant based in Chicago.
 Mack resigned his former post this week as president and chief executive officer of Geldermann Inc. in order to head up the recently established organization. He said he and his new associates are seeking to "...promote growth in new directions and to expand the business."
 "We want to attract a new kind of investor who is currently a mainstream investment market individual or institution," Mack said. "Managed futures is a $17-billion industry and we believe it is at the threshold of expansion." Mack said he left his 10-year post with Geldermann in order to devote his energies and resources to global development.
 At the Dublin-based Greystone International sales subsidiary, Mack has hired Robin Creswell and Philip Goldsmith, both recognized in the financial industry as successful investment management and marketing executives. Creswell's primary duties will be in corporate finance, while Goldsmith will be responsible for sales and marketing.
 "Our new company," Goldsmith said, "represents a strategic move to develop fund management business offshore in the global market. We're substantially capitalized and have the human resources to become an immediate player."
 Mack, who came into the futures industry in 1982 as vice president, then president and CEO of Peavey Commodity Services Co., Chicago, previously had been with Peavey as president of the Brownberry Ovens company and other senior corporate management positions. Under his direction, Peavey Commodity acquired Geldermann & Co., in 1984. He built the merged companies, renamed Geldermann Inc., into a leading U.S. and international futures commission and clearing firm through a series of additional acquisitions and continued sales growth.
 Cresswell began his career in investment management in 1980 in London with Banque Indosuez. Since 1988 he was International Sales Manager for E.D. & F. Man International Ltd., until coming with Greystone International. He has played a role in launching more than 30 futures funds worldwide and has worked closely with institutional clients and governmental regulatory bodies.
 Goldsmith stared his career with stockbroker Albert E. Bendon & Co. on the London Stock Exchange and followed with the financial advisor firm of Marlowe-Sachs. In 1982 he founded Finexco International, Ltd, a multinational financial advisor. In 1987 he was named Sales and Marketing Director of Providence Capitol International Ltd., a life insurance company, and returned as chief executive of Finexco until joining Greystone International.
 Mack will headquarter in Chicago and have offices, as well, in Dublin. All three executives have served various financial services industry organizations, as members of governing boards and committees.
 -0- 10/12/92
 /CONTACT: Kevin D. Mack, in Chicago 312-663-5511, or Philip Goldsmith, in Dublin 353-1-750-422, or Robin Creswell, 353-1-750-422, for Gotham Asset Management/ CO: Gotham Asset Management ST: Illinois IN: FIN SU: PER


LD -- NY064 -- 8997 10/12/92 17:48 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
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