Saturday, 20 December 2014
Last updated 20 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.