A hedge fund started by a pioneering female investor has lost more than half its assets in two years

pulse

October 12, 2017 6:22 PM

Jamie Zimmerman's Litespeed Partners now manages about $725 million, less than half of what the fund managed in October 2015.

Jamie Zimmerman is one of the few, and first, female investors to run a hedge fund. She started Litespeed Partners in 2000.
The fund has had a tough run of late, and now manages less than half of what it did two years ago.
Hedge funds running similar investment strategies have also struggled. Some have shut.

NEW YORK – A hedge fund started by a pioneering female investor has posted slight gains this year after suffering a steep drop in assets.

now manages about $725 million, less than half of what the fund managed in October 2015 when it had around $1.9 billion, according to a person familiar with the figures who requested anonymity because the information is private. The fund managed about $3.24 billion at the start of 2015, according to a Reuters report from the time.

Litespeed's performance has been in line with competitors this year, meanwhile. The fund gained about 5.9% after fees through September this year, according to the person familiar. So-called e

Litespeed gained +1.9% last year, and dropped -

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