Saturday, 23 August 2014
Last updated 14 hours ago
Jan 20 2011 | 2:55am ET
A JPMorgan Wealth Management veteran has launched her first hedge fund as she tries to recruit a strategic partner to seed the vehicle.
Ona Lewis’s Evermore Towb Global Investment Management debuted its maiden fund earlier this month, HFMWeek reports. The U.S.-focused equity long/short hedge fund is up about 5% so far.
Lewis said the Ohio-based firm hopes to attract an institutional investor, possibly one serving women or minority groups or those seeking investment firms led by them. “All of the leg work is done,” she said. “A strategic partner need only provide capital.”
The new fund charges 2% for management and 20% for performance with a $250,000 minimum investment requirement. It offers quarterly liquidity. But early investors will be offered more favorable terms.
Lewis managed some $6 billion in stocks and bonds at JPMorgan. But she managed long/short equity strategies at Integrity Investment and Service, a firm she founded before joining JPMorgan.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note