Three former JPMorgan executives have created a new firm, Dolomite Capital Management, to launch an emerging market fund of hedge funds next year, according to The Financial News The fund, which is being marketed to hedge funds, pension plans, foundations and endowments, will invest globally in emerging markets across all asset classes, and is expected to launch with $500 million.
Jorge Jasson, Raj Keswani and George Grunebaum, are behind the new firm. Jasson, former head of JPMorgan’s emerging markets business and its international fixed income division, is chairman of Dolomite. Jasson retired in 2003. Keswani, Dolomite’s chief executive, stepped down as head of emerging market sales last year. Grunebaum, the new firms co-chief investment officer, was managing director of Latin America’s corporate finance division upon retiring last year.