Ascent Investment Management Inc., manages the Ascent Relative Value Fund Ltd., a fund of hedge funds founded in October of 2002. Ascent Investment Management is an asset management firm, established for the purpose of creating alternative investment products. Ascent is backed by the largest private bank in Barbados, Cidel Bank & Trust, www.cidel.com, with a significant portion of its assets invested in alternative investments. Both Ascent & Cidel's client base is HNW individuals with offshore assets.