Paul J. Hechmer, founding partner of Tradewinds Global Investors, launched a new boutique money management firm, del Rey Global Investors.
In an interview, Mr. Hechmer said his firm will market international and global equity strategies to institutional and high-net-worth investors.
“More investors are looking for international opportunities,” he said. “I think the timing is right.”
Mr. Hechmer said Northern Lights Ventures is providing funding for his new firm. He would not discuss the level of funding.
Tradewinds was purchased by Nuveen Investments in 2006. Mr. Hechner was portfolio manager of the Nuveen Tradewinds International Value Fund until June, when he left Tradewinds.
