Jamie Zimmerman is one of a few, and first, female
investors to run a sidestep fund. She started Litespeed Partners
The account has had a tough run of late, and now manages
reduction than half of what it did dual years ago.
Hedge supports using identical investment strategies have
also struggled. Some have shut.
NEW YORK – A sidestep account started by a pioneering womanlike investor
has posted slight gains this year after suffering
a high dump in assets.
Jamie Zimmerman’s Litespeed Partners now
manages about $725 million, reduction than half of what a fund
managed in Oct 2015 when it had around $1.9 billion,
according to a chairman informed with a figures
who requested anonymity because a information is
private. The account managed about $3.24 billion during a start of
2015, according to a
Reuters report from a time.
Litespeed, that creates bets on unsettled companies and
association events such as mergers and acquisitions, is not alone.
Last year, investors pulled $38 billion from event-driven supports –
those that gamble on association activity – and investors have nonetheless to
re-up, according to information from Hedge Fund Research.
Bigger sidestep supports have also recently
shut, particularly Perry Capital and Eton Park, as have
such as Chesapeake Partners.
Litespeed’s opening has been in line with competitors this
year, meanwhile. The account gained about 5.9% after fees through
Sep this year, according to the chairman familiar.
So-called event-driven supports also gained 5.9% over the
same period, per information tracker HFR.
Litespeed gained +1.9% final year, and forsaken –11.5% in
2015 and -5.31% in 2014, according to people
informed with a numbers. That’s compared to event-driven peers, which
posted +10.5% final year, -3.5% in 2015 and +1.08% in 2014, per
Zimmerman, who non-stop Litespeed
in 2000 with $4 million, is one of a few women to run a hedge
account business. Meanwhile, opposite the
industry, only 3% of comparison investment roles were held
by women in 2012, according to trade
Zimmerman graduated from
Amherst College in 1981 and went on to acquire a law degree
from a University of Michigan.
her career as an attorney
focusing on bankruptcy, where she schooled to investigate to dissect
a US failure formula and creditors before switching into
finance, according to a 2005 form in
She told a paper that her
gender had not hampered her career.
“It’s irrelevant,” she pronounced at
a time. “It only wasn’t a cause in anything we did in my
By and large, few women hedge
account managers exist. Reasons embody a lack
of recruitment efforts from disproportionately masculine execs to
damaged pipelines and networking opportunities.