Jordan Hymowitz and Justin Hughes, who have joined forces to start Philadelphia Financial, are gearing up to launch their first fund. The duo are planning to roll out a long/short financial services fund on June 1.
Boathouse Row Onshore will invest a minimum of 80% of its assets in domestic, publicly-traded equities in the financial services sector, such as banks, thrifts, mortgage companies, brokerage firms, insurance companies, REITS, homebuilders and other related companies. The other 20% will be invested in other areas where the principals have expertise.
Hymowitz hails from David Ganek's Level Global, where he was a