|Since its launch in 2006, Jack Meyer’s Convexity Capital Management has annually exceeded market indices by an average of 8 percentage points, according to BusinessWeek. In 2009, the hedge fund bested the industry average by 20%. On March 31 of this year, clients reported that Convexity Capital had grown to $11.1 billion in assets under management.|
Before founding Convexity, Jack Meyer oversaw the management of Harvard University’s endowment for nearly 15 years. Convexity Capital Management primarily focuses on fixed-income trading, and its investment strategies are based on the asset swaps and options trading that Mr. Meyer used at the endowment. Convexity raised $6.3 billion from endowments and foundations for its opening in 2006, making it the largest hedge fund launch to date in the industry.