A former equity portfolio manager for the Church of Jesus Christ of Latter-Day Saints has introduced her own long/short hedge fund that will commit to U.S. equity, FINalternatives reports.

Coraticum Asset Management founder Jennifer Johnson is aiming for at least 70 holdings with diversity in terms of market capitalizations, liquidity, styles and industry origins. In its first six months of trading, the fund lost 4.31% through August, compared with the Hennessee Hedge Fund Index, which dipped 4.09% year-to-date.

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