ExGoldman trader starts fund (Magazine Version)

Structured credit shop Axonic Capital has opened in New York with $150 million and hopes to raise as much as $1 billion from investors seeking to profit from continued uncertainty in the U.S. mortgage market. Founder and chief investment officer Clay DeGiacinto was most recently portfolio manager for a structured products fund at Tower Research Capital, a quantitative hedge fund in New York, and spent six years at Goldman Sachs.

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