NuWave Investment Management, an alternative investment manager specialising in the application of quantitative investment strategies, has hired Craig Weynand as managing director of business operations.
Weynand will assume a senior leadership role within the firm, as NuWave continues to strengthen its existing management team and enhance its operational infrastructure.
"NuWave is taking a very serious view on how best to integrate and manage various elements of its business, including trading, performance reporting, legal and compliance, and investor relations," says Troy Buckner, NuWave's founder and managing principal. "By bringing in top talent such as Craig, we are in a great position to increase our depth of management and more effectively manage our growth."
NuWave now manages more than USD500m in assets, the vast majority of which are traded pursuant to the firm's combined futures portfolio, which commenced trading in 2001. The portfolio employs a multi-strategy systematic approach applied across a broadly diversified set of financial and commodities markets, and is designed to capture directional price opportunities in both bull and bear market scenarios. The firm also trades a market neutral long/short equity portfolio that captures directional trading opportunities in individual US equities.
Weynand, age 39, comes to NuWave after nearly 20 years in the alternative investment industry. Most recently he was director of investor services at Graham Capital Management, responsible for overseeing the firm's investor relations, marketing and product development efforts. From 2003 through 2005, he served as general counsel and a member of the executive management committee of Campbell & Company, where he was responsible for all aspects of legal affairs and regulatory compliance, as well as general oversight of the firm's trade support and internal audit functions.