Axonic launches mortgage fund with $150 million
By Lawrence Delevingne
Thu Jan 13, 2011
Former Goldman Sachs mortgage trader and Army Captain Clay DeGiacinto is hungry to take advantage of a still tumultuous housing market.
Structured credit shop Axonic Capital has launched with $150
million and hopes to raise as much as $1 billion from investors
seeking to profit from continued uncertainty in the U.S.
Founder and chief investment officer Clay DeGiacinto was most
recently portfolio manager for a structured products fund at
Tower Research Capital, a quantitative hedge fund in New York.
DeGiacinto ran Split Level at Tower, a private investment fund
that used the same strategy-and...
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