Private Equity Vet Launches Industrials, Basic Materials Hedge Fund

Aug 10 2010 | 11:33am ET

Jei Li got her start in private equity. But after some seasoning at a pair of hedge funds, she’s ready to strike out on her own.

Li last month launched Reflexion Capital, reports. The new fund employs a long/short equity strategy with a focus on industrials and basic materials. Li told HFN that Reflexion has already invested in U.S., Canadian and Hong Kong companies.

Li would not say how much Reflexion has raised or hopes to raise. The fund has a $1 million minimum investment requirement and charges 1.5% for management and 20% for performance. Lazard Capital Markets is its prime broker, and Opus Fund Services is its administrator.

After an investment banking career at Morgan Stanley, Li worked on sourcing and executing deals for JPMorgan Chase’s private equity arm, One Equity Partners. She led the Asian strategy for hedge fund Trellus Management Co. before joining Aragon Global Management as head of investment research for industry and cyclical sectors.

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