Fast growing MBS trader Axonic hires three
By Lawrence Delevingne
Tue Jun 12, 2012
Clay DeGiacinto’s firm nabs Tricadia COO and traders from Deutsche Bank and Ellington.
Clay DeGiacinto’s Axonic Capital continues its quick rise at the center of perhaps the hottest strategy in hedge fund investing: mortgages.
|| Clay DeGiacinto (Photo: Axonic)|
Launched in January 2011 with $150 million by the former Goldman Sachs mortgage trader and Army Captain, 18-person Axonic now manages $645 million and is hiring senior staff to keep up with the inflows.
Labib Mahfouz, until recently the chief operating officer of $3.5 billion Tricadia Capital Management, is set to join July 10 in the same position, according to Axonic business development head Peter Schendel. Tricadia did not respond to a request for comment....
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