Tower Research Vet Sets Up Hedge Fund Shop

Jan 11 2011 | 9:05am ET

Clayton DeGiacinto has left Tower Research Capital to launch his own financial advisory firm, Axonic Capital. DeGiacinto has spun out money he has been managing for the past two years into an evergreen long/short credit fund, a source close to the fund told FINalternatives.
 
The Axonic Credit Opportunities Fund and the Cayman-based Axonic Credit Opportunities Overseas Fund launched earlier this month with an estimated $140 million.
 
DeGiacinto, a former captain in the U.S. Army, spent 21 months at Tower Research Capital where he was a portfolio manager for a distressed mortgage fund. Prior to that he was a vice president at Goldman Sachs, where he specialized in adjustable mortgages. 

DeGiacinto is a graduate of United States Military Academy at West Point and has an MBA from Wharton.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.