Full-Time
Multi-strategy hedge fund for investments
$150 - $175/yr
Senior, Expert
New York, NY, USA
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Verition Fund Management is a hedge fund that employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Verition allocates capital dynamically to take advantage of changing market conditions, aiming to generate absolute returns for its clients. The company differentiates itself from competitors through its collaborative work environment and a strong emphasis on risk management, utilizing both internal and external analyses to maintain disciplined investment practices. Verition's goal is to provide consistent returns while fostering creativity and cooperation among its team.
Company Size
51-200
Company Stage
N/A
Total Funding
$1.4B
Headquarters
Greenwich, Connecticut
Founded
2008
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Affiliated Managers Group Inc. is acquiring a minority stake in Verition Fund Management, a rapidly growing multistrategy hedge fund in the $4.5 trillion industry. The definitive agreement allows Verition's management, led by co-founders Nicholas Maounis and Josh Goldstein, to continue leading the firm and make a significant additional investment. The deal will be announced on Monday and is expected to close in the second quarter of this year.
Verition Fund Management LLC purchased a new stake in MAG Silver in the third quarter valued at $168,000.
Verition Fund Management LLC purchased a new stake in Patrick Industries during the third quarter valued at approximately $418,000.
Verition Fund Management LLC acquired a new stake in Revolution Medicines in the 3rd quarter worth about $645,000.
Finally, Verition Fund Management LLC purchased a new stake in Marten Transport in the third quarter worth $216,000.