Andy Springer, the former chief operating officer at Los-Angeles-based Lahde Capital Management, and his operations team, have joined forces with portfolio manager Pamela Schwab to found Santa Monica-based Resolve Capital.
Resolve currently runs one hedge fund, the Resolve Eco Fund, a long/short fund targeting investments in businesses that provide solutions to environmental, social, health and economic problems, globally. It has a minimum investment of $250,000
and a 2/20 fee structure.
To coincide with the launch of the new firm, the fund, which has been running with proprietary capital since December 2005, is now open to outside investors. According to Springer, the fund is targeting capital of $100m.
Springer and Schwab both previously worked at Los-Angeles based hedge fund powerhouse Dalton Investments. Springer worked on operations and Schwab on the firm’s global hedged equity strategy.
Springer’s most recent employer, Andrew Lahde, is best known as the hedge fund manager who made 1,000% betting against the US subprime market in 2007
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