Investment firm Aronson Johnson Ortiz has launched its first hedge fund.
Hedge Fund Alert reported that the new fund launched earlier this month with $11 million in capital from the firm’s partners. The fund uses proprietary algorithms to trade the stocks of companies in over 30 countries.
The article also said that early investors in the fund will be offered discounted performance and management fees.
Founded in 1984 by Theodore Aronson, AJO had only traded U.S. stocks via separate accounts for institutional clients prior to the hedge fund’s launch. It has offices in Boston and Philadelphia.