14/12/2011 Author: Elana Margulies

Sunnymeath launches managed accounts

Sunnymeath Asset Management, a New Jersey-based $80m investment manager, has launched a series of separately managed account versions of its flagship Ocean Partners fund.

The managed accounts, called Sunnymeath Long/Short Equity, will target US high-net-worth individuals and institutions.
Currently, Sunnymeath operates one managed account that directly follows its Ocean Partners offering, as well as a number of others following different strategies. Additionally, early next year, Sunnymeath will open up managed account versions of its long-only strategies to outside investors.

Before O’Mealia founded Sunnymeath in 1996, he was vice CIO of Fox Asset Management, a registered investment adviser with $3bn in AuM. He has also served as a vice president at New York Life Insurance Company.

Sunnymeath Long/Short has a $1m minimum, a one-year soft lock-up period with a 30-day notice period for capital withdrawals. The fee structure is negotiable.