Andrew Ellner’s maiden offering has bucked the industry trend, getting off to a strong start while many peers were wallowing in red ink.
The former co-head of Global Equity Derivatives at Lehman Brothers and current purveyor of the Lightbox Master Fund, a market-neutral offering that debuted in October, returned 11.38% in his first three months of trading, and 6.4% this year through February, FINalternatives has learned. The fund manages some $105 million in assets.
The firm declined to comment on its performance.
Lightbox invests in stocks, index futures, options and related instruments and employs models rooted in statistical analysis, pattern recognition and behavioral finance methodology. It charges industry standard fees and has a $1 million minimum investment requirement.
Prior to Lehman, Ellner served as head of U.S. equity derivatives at Credit Suisse First Boston.
Nancy Wiser is the firm’s chief operating officer.