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Lamond Capital Partners launches with $150 million Meritage seed

April 02, 2012   Lawrence Delevingne

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David Lamond’s long/short tech fund launched April 2 with backing from James Simons and other Renaissance execs.


  
 David Lamond
(Photo: Catherine Bigelow/sfgate.com)
Long/short technology hedge fund Lamond Capital Partners began trading April 2 with at least $175 million entirely from institutional investors, including $150 million in seed money from Meritage Group.

This is only the second hedge fund seeding deal for Meritage, the $8 billion multifamily office that mostly manages money for James Simons and other senior executives of Renaissance Technologies. In 2008, Meritage invested up to $300 million in Hutchin Hill Capital, the firm founded in late 2007 by...

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