Quantitative hedge fund shop NuWave Investment Management has named Craig Weynand to the position of chief operating officer.
Weynand joined NuWave one year ago as managing director, following nearly 20 years in the alternative investment industry at firms including Morgan Stanley, Campbell & Company, and Graham Capital Management.
“Craig’s prior experiences overseeing a variety of functional areas—including trading, operations, due diligence, marketing, legal and compliance—at some of the world’s leading investment management firms will continue to enhance NuWave’s institutional infrastructure and help lead the firm into its second decade of success,” said Troy Buckner, founder and managing principal of the firm.
NuWave has also hired Patrick Hannon as a sales executive in the firm’s business development group. Hannon comes to NuWave following 10 years in Morgan Stanley’s alternative investment group, where his responsibilities included various aspects of due diligence and manager selection.
Established in February of 2000, NuWave Investment Management specializes in the development of quantitative trading strategies and their systematic application to financial and commodity markets. The firm manages approximately $685 million from among a wide range of institutions, family offices, private banks and high net worth investors across the Americas, Europe and Asia.