Saturday, 23 May 2015
Last updated 17 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…