JL Squared Group was founded by Jonathan Lubert in 2003 to help his family diversify their assets from all private equity to more liquid hedge fund strategies. Once the firm's portfolio of hedge funds was properly in place, Lubert attracted outside investors into the investment partnership through his affiliation with Independence Capital Partners (ICP). ICP is a group of private equity firms established by his father, Ira Lubert.
In 2011, Jon Lubert brought on a partner to help him manage the business, Jonathan Liggett. Jon's unique experience working for Pharo Management, a New York - based global macro hedge fund manager, in New York for 9 years helped expand the JL Squared Group's capabilities in the hedge fund market.
Jonathan M. Lubert, Founder and Chairman
Jonathan Lubert is the founder of JL Squared. Mr. Lubert currently serves as Chairman of the Managing Member and is a member of its investment committee. From inception of the Managing Member through March 2011, Mr. Lubert managed the Fund, and from April 2011 to December 2016, Mr. Lubert co-managed the Fund. Mr. Lubert’s previous experience includes a leverage finance investment banking position at Bear Stearns. Mr. Lubert is currently a Managing Director of Valley Forge Casino, an Advisory Board Member of the American Infrastructure MLP Fund, and also serves on the Board of JetPay Corporation. In addition, Mr. Lubert is currently involved with the Children's Hospital of Pennsylvania, the Make-A-Wish Foundation, YPO Philadelphia, and The Lubert Family Foundation. Mr. Lubert’s educational background includes a Bachelor’s of Science in Business Administration, which was earned with highest distinction from the University of North Carolina at Chapel Hill.
Jonathan R. Liggett, CFA, Partner and Chief Investment Officer
Jonathan Liggett is a Partner and Chief Investment Officer of JL Squared. Mr. Liggett’s primary responsibility is to manage the portfolio of underlying funds and other assets owned by the Fund. He joined the Fund in 2011. Mr. Liggett was formerly a portfolio manager for the Pharo Macro Fund, a macro hedge fund with a focus on emerging markets managed by Pharo Management LLC. Mr. Liggett joined Pharo as an analyst in 2002 where he helped build the operations group, was responsible for daily profit and loss analysis, and built risk systems for the firm. In September of 2004, Mr. Liggett was promoted to a portfolio manager. In that role, he constructed portfolios in currencies, interest rates, credit, equities and commodities in many emerging markets. In equities, Mr. Liggett’s focus was on global technology, energy, and financials companies. He traveled extensively to do research and developed relationships with central banks and finance ministers in many of the countries on which he focused. Mr. Liggett currently serves as a Trustee for Bryn Mawr Presbyterian Church, and formerly served on the Board of Trustees for Fifth Avenue Presbyterian Church in New York City as the investment committee chair. Prior to Pharo, he was an investment banker at Bear Stearns & Co. Inc. Mr. Liggett has a Bachelor’s of Science degree with Honors from the University of North Carolina at Chapel Hill and is a CFA charter holder.
Jason Meldrum, CPA, Chief Financial and Compliance Officer
Jason Meldrum is a Certified Public Accountant with 21 years of experience in financial accounting. Mr. Meldrum currently serves as Chief Financial Officer and Chief Compliance Officer, and has been employed by JL Squared since February 2004. He is responsible for many vital aspects of the Fund’s back-office procedures, including the Fund's accounting, SEC compliance, investor relations, and coordination of the annual audit and tax return processes. Prior to joining JL Squared, Mr. Meldrum worked briefly for the Lubert family office. In addition, he worked with the same financial team for almost 8 years at three different healthcare systems. In that capacity, Mr. Meldrum was: a Senior Accountant at Inspira Health Network South Jersey Healthcare from January 2002 to October 2003, where he was instrumental in discovering and correcting discrepancies in the firm’s accounting records and was integrally involved in the firm’s accounting department; the Director of Finance of Jennersville Regional Hospital in West Grove, Pennsylvania from July 2000 to December 2001, where he was responsible for all aspects of the hospital’s financial accounting and reporting processes, including preparation of due diligence reports related to its sale; and employed as an accountant for Virtua Health Memorial Health Alliance from March 1996 to June 2000, where his roles increased in responsibility from Staff Accountant to Accounting Manager. Mr. Meldrum holds a B.S. in Accounting from The Pennsylvania State University.
John Dombroski, CPA, Director of Research
John Dombroski currently serves as Director of Research and has been employed by JL Squared since July 2017. Mr. Dombroski is responsible for performing due diligence on potential hedge fund investments as well as monitoring the existing portfolio of hedge fund managers. Additional responsibilities include maintaining the firm’s statistical models, preparing the fund’s marketing materials, and assisting the investment team with trade analysis of the firm’s other assets. Prior to joining the firm, Mr. Dombroski was a Senior Audit Associate for PricewaterhouseCoopers LLP. In that capacity, he specialized in delivering assurance services to private equity and family owned businesses across a vast range of industries. While at PwC, he planned, coordinated, and managed simultaneous audit engagements and projects and assisted clients in reporting under both US GAAP and IFRS accounting standards. Mr. Dombroski also supported clients on both the buy and sell side of business segments. He graduated cum laude from The Pennsylvania State University with a Bachelor of Science degree in Accounting and a minor in International Business. He is a Certified Public Accountant and an active member of the AICPA and PICPA.
Ibrakhim Ibragimkhodjaev, CFA, Vice President / Head of Trading
Ibrakhim Ibragimkhodjaev currently serves as Vice President and Head of Trading and has been employed by JL Squared since May 2012. Mr. Ibragimkhodjaev is responsible for supporting the investment team with research and due diligence on existing and potential investments, overseeing firm’s trading, and assisting the Chief Financial Officer with fund operations, including performance reporting, compliance, and coordination of the annual audit. Additional responsibilities include maintaining firm’s analytical models and preparing fund marketing materials. Previously, Mr. Ibragimkhodjaev held a co-op position with the Portfolio Management Group at BlackRock, Inc. while attending Drexel University, where he supported money market mutual funds investment team with trading and research. He graduated cum laude from Drexel University with a Bachelor of Science degree in Finance. He is a CFA Charterholder and a member of the CFA Institute.
Kristina Kulik, Analyst
Kristina Kulik joined JL Squared as an Analyst in July 2016. Ms. Kulik graduated from the University of Pennsylvania with a Bachelor of Arts degree in Mathematics and Economics. While attending Penn, she held a summer internship position in Fixed Income Strategy at Société Générale and worked as a Junior Analyst for Prospero, a marketing company, throughout her senior year. She was also a part of the Wharton Investment and Trading Group on the energy team and published several articles on executive strategies, management style and corporate social responsibility in Russia in the International Business Review, Wharton’s premier undergraduate publication. Before Penn she studied law at St. Petersburg University and was a member of the youth division of the Rotary Club in St. Petersburg, Russia.
Dawn White, Executive Assistant