Malachite Hires Philip Szewczyk to Boost Investment Team

Jun 30 2015 | 7:00am ET

Malachite Capital Management announced it has hired Philip Szewczyk as an investment associate to enhance its team. The New York-based, equity derivative hedge fund continues to expand after a successful first year.

"We are extremely pleased to welcome Phil to our growing team," said co-founder and portfolio manager, Jacob Weinig. "Phil is a perfect fit for Malachite.  He brings with him a toolkit that will allow him to hit the ground running.  Phil's background in structuring derivative products and transactions, and his sense and understanding of positioning and flow in the derivative markets, will be a major contributor to our ongoing success."

Before joining Malachite, Szewczyk spent four years at Barclays Capital in the firm's Equity and Funds Structured Markets group, most recently as Associate Vice President. At Barclays, Szewczyk focused on volatility derivative solutions for institutional clients including hedge funds, pensions, and asset managers. He graduated from Western University and studied finance at the Richard Ivey School of Business with a focus on math, economics, and derivatives.

"At a time where global financial regulations are of enormous focus and volatility products are rapidly growing in the retail space, having Phil come aboard is going to provide a great boost for our team." said Joseph Aiken, also co-founder and portfolio manager. "We’re ready to take Malachite to the next level.”

Malachite Capital Management is a global, market-neutral, equity derivative relative value fund launched in January 2014. The Fund’s objective is to earn significant long-term, risk-adjusted absolute return by capturing value created from structural inefficiencies and short-term price anomalies in global equity index volatility markets, while avoiding exposure to binary macro risk scenarios.

As reported earlier this month, in its first year, the Fund returned 14.47% net of fees and expenses, and had returned +1.71% in May leaving the Fund +8.32% on the year. 

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