JPMorgan, Normandy Hill Vets Ready Hedge Fund

Mar 9 2012 | 11:33am ET

Another proprietary trading exile is joining forces with a Normandy Hill Capital veteran to launch a special situations hedge fund.

Douglas Ormond, a former executive director and portfolio manager at JPMorgan Chase, and Michael Schwartz, late a partner at Normandy Hill, have founded Otlet Capital Management in New York.


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