Launches & Closures Funds of Hedge Funds Hedge Funds Performance

Reservoir seed Lakewood closes to new investors

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Strong performance pushes assets under management to $700 million.

Lakewood Capital Management, a long/short equity hedge fund in New York that launched with seed money from Daniel Stern’s Reservoir Capital, closed on May 1 to outside investments, according to people familiar with the situation.

The generalist equity fund was launched in July 2007 by portfolio managers Anthony Bozza and Bill Jackson and chief financial officer Michael Antonacci. Lakewood got started with $100 million from Reservoir, an investment firm in New York that has helped such firms as Anchorage Advisors, Ellington Capital Management and Gotham Partners get their start  (See "Credit Suisse subsidiary buys stake