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Opalesque Exclusive: Lamoreaux Capital Management launches ambitious L/S hedge fund
The Lamoreaux Premiere Growth Fund (LPG) is a long/short fund that invests in best-of-breed growth companies that are defining new industries and deliver 20%+ earnings growth, while shorting companies that suffer from deteriorating fundamentals. The firm’s goal is to double investor’s capital every three to five years, net of fees.
Lamoreaux Capital Management specializes in investing in best-of-breed small and micro-cap growth companies. The firm was founded in the mid-1970s on the belief that sophisticated investors can best achieve significant capital appreciation by investing in a portfolio of well-managed emerging growth companies that are defining new industries. The existing Lamoreaux Partners fund has compounded at 17%, net of fees, for 30 years, while the S&P 500 has compounded at 10% before dividends, during this same period. The firm’s goal is to double our client’s money net of fees, every three to five years.
In November of 2006, Tom Wyman joined Lamoreaux Partners as a Portfolio Manager to help develop a new fund that would broaden the investor base of the firm to include institutions. The Lamoreaux Premiere Growth Fund was launched on January 3, 2007 with greater market cap diversification, lower stock and sector weights, monthly reporting and shorter lock-ups than the firm’s current fund.
The fund was launched Jan. 3rd 2007 and has now $90m assets, retu...................... To view our full article Click here
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