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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.