Taaffeite Capital Management Taps Raymond For COO Role

Aug 22 2017 | 10:32pm ET

Quantitative hedge fund Taaffeite Capital Management has named former Blueshift Capital executive and veteran operations and compliance specialist Ronald Raymond to the position of chief operating officer. 

In his new role, will oversee Taaffeite’s operating units and capital markets execution, the company said in a statement. Taaffeite focuses on rebalancing a highly-liquid portfolio of global equity index and fixed income futures in a fully systematic and automated fashion using proprietary machine learning systems.

Prior to coming aboard Taaffeite, Raymond served as COO and CCO of long/short commodity fund Blueshift Capital LLC. Previously, he was director of operations at Vermillion Asset Management, which was acquired by The Carlyle Group, and was Vice President of Operations at Dreman Value Management. 

“Allocators are increasing their investments into quantitative asset managers like Taaffeite who can demonstrate a unique edge and ability to generate consistent uncorrelated returns over an extended period of time,” said Dr. Desmond Lun, Chief Executive Officer of Taaffeite. “Ronald’s impressive experience in building financial and operational infrastructure will be an important component in broadening our business and global platform.”

Headquartered in Pennsylvania and founded by computational biologist Desmond Lun in 2012, Taaffeite applies artificial intelligence gleaned from biological call interactions to a quantitative investment approach. The company’s TCM Global Index Fund (Growth) has annualized +16.50% for the first half of 2017 and generated +6.45% rate of return in June, according to BarclayHedge. 

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...