Friday, 1 August 2014
Last updated 5 hours ago
Nov 30 2012 | 12:30pm ET
A former Caxton Associates trader has launched a hedge fund of his own with $240 million in initial capital.
Daniel Lascano's Lomas Capital Management launched its maiden hedge fund last month, Institutional Investor reports. The fund is a U.S.-focused long/short equity vehicle.
New York-based Lomas raised most of its initial capital from Reservoir Capital Group, with the hedge fund seeder providing $200 million. The remainder was put up by Lascano and Lomas' other founders.
Lascano and his team left Caxton last year.