Beacon Hill Master Ltd.

A hedge fund manager and its four principals have settled securities fraud litigation with the SEC. Under the terms of the settlement that were announced on October 28, 2004, New Jersey based Beacon Hill Asset Management LLC, John D. Barry,

An offshore hedge fund whose Board includes a director of the agency that regulates it has gone into liquidation. Beacon Hill Master Ltd. filed a voluntary winding-up petition at the Grand Court of the Cayman Islands on October 27, 2003. Theodore Bullmore and Simon Whicker, both of KPMG, have been appointed liquidators.