The SRM Global Fund will be launched in August, and Mr Wood has already raised $3 billion for it’s debut. SRM will require investors to lock up their cash in the fund for three to five years. It is charging a 1 per cent to 1.5 per cent slice of assets under management for expenses, and 25 per cent of returns.

Mr. Jon Wood first made a name for himself at the Swiss Banking Corporation, where his bold application of options theory made him a star performer. But it was not until he teamed up with the late Brian Keelan that his reputation soared.

Together they rewrote the book on takeovers, bringing Wood’s mathematical mind and aggression and Keelan’s brokering to the world of mergers and acquisitions. The takeover panel amended its code after being tested to the limit by Wood and Keelan at SBC Warburg, which later became UBS.

After operating one of the City’s largest proprietory trading operations from the Bahamas, Wood moved to Switzerland where he managed a portfolio for UBS. He will however be leaving at the end of the summer. Nevertheless, UBS will continue to back Mr Wood with a $500 million investment. The bank said, “UBS confirms that its Strategic Risk Management team led by Jon Wood is planning to spin out of the investment bank later this year in order to launch a global investment  fund.”

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.