TOMORR OW’ S TITANS 2023
2020, which generated a 119% net return in under 4 months. He was earlier co-head of CMBS at SocGen and Braver Stern, and prior to that worked on the prop trading CMBS desk at UBS. McNamara has a degree in Law from Amherst College.
Ariel Merenstein
Founder, Managing Partner and CIO Fourth Sail Capital LLP Sao Paolo
Fourth Sail Capital is a Latin America focused investment firm which launched in January 2019 after spinning out of Prince Street Capital Management. Today, Fourth Sail manages their flagship low net equity/long short fund and a long only fund. In total, the firm manages $1.3 billion for an investor base of primarily endowments, foundations and families and employs nearly 30 people. Fourth Sail’s funds generate alpha from a fundamental value approach to picking stocks in Latin American markets and commodities globally. Deep bottom- up research into companies leads to long term and high conviction positions. The analyst team is organized by sectors (including commodities and mining), cover the entire Latin American region, speak Spanish and Portuguese and leverage their in-house data science team to deepen and expedite research. Before founding Fourth Sail, Ariel Merenstein, a dual Costa Rican and US citizen, managed a Latin America long/ short equity fund at Prince Street from 2012- 2018. His first finance role was trading interest rate derivatives at Lehman Brothers. He has a BS in Finance from New York University Stern School of Business.
Kennedy Mitchell
Founder Edgehill Investment Group New York
Edgehill’s Prometheus Cryptocurrency Strategy trades spot cryptocurrencies, as pairs and against fiat, using a multi-day rules-based trading strategy based on proprietary pattern recognition that monitors sentiment, fundamentals and price action, and separates signal from noise. There is also a shorter-term overlay. Signals are ranked on statistical probabilities, and trades have both stop losses and take profit targets. The investment universe includes top ten digital currencies, such as Bitcoin, Ethereum, Solana, Litecoin, and MATIC, which are traded across multiple prime brokers and multiple platforms. The strategy, which is accessed through managed accounts, has generated triple digit annualized returns and a Sortino ratio above 5 between January 2020 and May 2023, with a negative correlation to the SG CTA Index. Kennedy Mitchell has been trading technical systems for 25 years,
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and has held a wide variety of macro, fixed income and currency portfolio management roles, at Graham Capital Management, First New York Securities, Falconview Capital, Balyasny Asset Management, ISAM Global Fund, Brevan Howard UK and Bedford Investment Group (which was renamed Edgehill Investment Group). His investment management career began at Gruntal & Co. in 1993. Mitchell has a degree in Business and Economics from ACS Switzerland.
Vikas Mittal
Founder and CIO Meteora Capital LLC Boca Raton, Florida
Vikas Mittal founded Meteora Capital Partners in 2021 and launched the Meteora Select Trading Opportunities fund in 2022 to manage an event driven and arbitrage strategy in equities, warrants, options and credit. Current strategies of focus include SPAC arbitrage, fallen angel credit, short duration credit, closed end fund arbitrage, warrant arbitrage and capital structure arbitrage. The strategy uses 2-4 times leverage and targets gross yields of 6-10%. The manager has assets of $437 million. Mittal is the Managing Member of Meteora Capital and has over 18 years’ experience on the buy side as a principal investor, where he has deployed capital across event-driven investment strategies. Prior to Meteora Capital, he was an investment professional and partner at Glazer Capital, LLC (“GCM”), having joined GCM in 2005. During his tenure, Mittal was responsible as one of only two portfolio managers for all investments made in event-driven strategies on behalf of GCM. Prior to transitioning to the buy side, he was part of the founding team that launched Raymond James’ TMT investment banking practice in Palo Alto, CA in 2002 focusing on mid-market M&A and private placements. Mittal has a B.S. in Finance from University of Florida, and an MBA from NYU Stern School of Business. He is also a CFA charterholder.
Robbie Parker CIO
Osmosis Investment Management London
Robbie Parker became CIO of sustainable quant manager Osmosis in 2021 having joined the firm in 2014. Parker manages the Osmosis Resource Efficient Equity Market Neutral UCITS Fund which launched in August 2018 as well as a higher leveraged portfolio based on the same strategy which launched in 2021. Harnessing Osmosis’s proprietary data set, which identifies those companies that are ahead of their peers in terms of their efficient use of carbon, water and waste, the strategies seek to identify alpha in both the long and the short book, aiming
to deliver absolute returns, uncorrelated to equity markets, with a significantly reduced net environmental footprint. In the absence of consistent environmental reporting standards, Osmosis pioneered a proprietary approach to the standardisation of unstructured corporate environmental, allowing for the objective measurement of a company’s relative Resource Efficiency within all sectors of the economy. The ‘Resource Efficiency factor’ has been evidenced to have a low correlation to other common factors and academic research has linked Resource Efficiency to forward-looking firm value. Osmosis also operates an extensive active ownership program to complement its research. The firm, which also manages a range of long- only portfolios, is backed by Oxford University Endowment Fund and Capricorn Investment Group. Parker holds a BSc in Geography and Economics from the London School of Economics and currently manages portfolios with more than $14 billion in committed capital.
Michael Petruzella/ Adrian de Valois- Franklin
CIO/CEO Castle Ridge Asset Management Toronto
Castle Ridge’s AI investment strategies are based on proprietary, self-evolving artificial intelligence, which is transparent and dynamic, and is trained on fundamental, technical, news and sentiment data to identify patterns that apply across asset classes. The signals have a high prediction efficiency rating based on directional calls and weightings. The strategy, named after evolutionary developer and scientist, Sir Alfred Russell Wallace, is the culmination of 20 years research in financial markets, where rules change daily. W.A.L.L.A.C.E is a specialized inference engine based on adaptive learning. Castle Ridge also uses Geno Synthetic-Algorithms, a proprietary self-evolving evolutionary computing approach. The firm carried out two years of live testing, initially using a supercomputer running 20 million server core equivalents, before launching the dollar, beta and sector neutral, equity market neutral strategy in 2019. There is also a slightly net long equity long/short strategy, a global currency strategy as well as a multi- strat. Strategies can be accessed through an unleveraged Cayman fund or managed accounts with customization including variable leverage and variable allocations to the equity market neutral, equity long short and FX strategies. Michael Petruzella was previously Director of Trading and Risk at Arrow Capital Management, where he ran a volatility arbitrage strategy and monitored external managers. Adrian de Valois- Franklin was previously a member of the Principal
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