Tower Research Capital’s portfolio manager for a distressed mortgage fund, Clayton DeGiacinto, has left, FINalternatives reports. DeGiacinto has started a new financial advisory firm, Axonic Capital. The Axonic Credit Opportunities Fund and the Axonic Credit Opportunities Overseas Fund were launched in January 2011 with about $140 million. DeGiacinto has previously also worked with Goldman Sachs, where he specialized in adjustable mortgages.
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