Convertible Hedge Associates
Convertible Hedge Associates was an early alternative investment management company founded by Edward O. Thorp and a partner, Jay Regan, in November 1969. Based in Long Beach, CHA was said by Thorp to have been the first market-neutral hedge fund. In 1974 it was renamed as Princeton/Newport Partners.
References
- Some notes about CHA history are available in Thorp's articles Option Theory: What I Knew and When I Knew It, Parts 1 and 2, from Wilmott Magazine.
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