Hedge Funds People Moves Performance

Fast growing MBS trader Axonic hires three


Clay DeGiacinto’s firm nabs Tricadia COO and traders from Deutsche Bank and Ellington.

   Clay DeGiacinto (Photo: Axonic)
Clay DeGiacinto’s Axonic Capital continues its quick rise at the center of perhaps the hottest strategy in hedge fund investing: mortgages.

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