Liberty Life, the owner of Liberty Ermitage, the off-shore alternative asset management group, has appointed Hawkpoint, the corporate finance boutique, to examine strategic options.Liberty Ermitage specialises in hedge fund investments. The group had assets under management of approximately USD 3.96bn (EUR 3.27bn) as at 31 May 2005, with USD 2.1bn (EUR 1.73bn) in traditional equity and bond funds, and USD 1.9bn (EUR 1.56bn) in alternative investments.