Lamoreaux Launches Second Hedge Fund, Targets Institutional Investors

Feb 19 2007 | 9:37am ET

Lamoreaux Capital Management has recently launched its second fund, a long/short equity vehicle that invests in best-of-breed growth companies. The new offering, which is up 2.6% net of fees for January, is being managed by Tom Wyman, who joined the Sausalito, Calif.-based firm in November of last year to create a fund that would be attractive to institutional investors.

The Lamoreaux Premiere Growth Fund was launched on Jan. 3 with $5 million in assets under management. It is similar to the firm’s first fund, which now has $85 million in AUM, but it has greater market cap diversification, lower stock and sector weights, monthly reporting and shorter lock-ups.

The goal of the new fund, like the existing Lamoreaux Partners fund, is to double investor’s capital every three to five years, net of fees.

The firm’s existing fund, Lamoreaux Partners, has compounded at 17%, net of fees, for over thirty years vs. 10% for the S&P 500, before dividends. 

The new offering charges fees of 2% for management and 20% for performance. Legal services are being provided by Shartsis Friese, the auditor is Rothstein, Kass & Co, the fund administrator is Price Meadows, and the prime broker is Bank of America. 


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.