Hyperion Relocates

Employees of downtown Manhattan fixed-income investment advisor Hyperion Capital Management havesafely evacuated their downtown Manhattan office and relocated to the Uniondale, N.Y., offices of company founderLewis S. Ranieri, who is widely recognized as the father of the mortgage-backed security. The companyhad had offices at One Liberty Plaza, across from where the World Trade Center towers stood. Hyperion said itsemployees "extend their heartfelt sympathy to the families and friends of the many people who were injuredor lost their lives in [Sept. 11th's] horrific acts of terrorism." The company promised support to organizationsand individuals involved in rescue operations. Hyperion has restored its electronic files and "all criticalaspects of its business operations." The company also reported that it had "re-established access tomarket services, and established contact with clients' custodians and banks, as well as the broker-dealer community."Hyperion said it has also resumed executing trades for clients' portfolios. The company can be reached until furthernotice at 50 Charles Lindbergh Blvd., Suite 500, Uniondale, N.Y. 11553; phone: 516-745-6644; fax: 516-745-6787.