Saturday, 20 December 2014
Last updated 1 day 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.
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.