Deimos Asset Management, a multi-strategy hedge fund manager, has appointed Richard Franzen (pictured) as a Managing Director and Portfolio Manager. At Deimos, Franzen will focus on managing a pairs-based trading strategy.
Prior to Deimos, Franzen managed portfolios based on the same strategy at REF Advisors and at Battenkill Capital Management Inc. since 2007. Previous to that he was employed as an analyst and portfolio manager at Merrill Lynch Investment Managers from 1996 to 2005 and as an analyst at Millennium Management LLC in 2006.
Franzen is the fifth portfolio manager to join Deimos since last July, following the additions of Paul Orwicz, James Warner, Charles Slotnik and the Brasidas team of Jon Withaar and Steve Deitch.
With these hires, Deimos continues to build on its business strategy of developing a suite of hedge fund products, expected to include a multi-strategy hedge fund, along with a wide variety of individual hedge fund strategies.
