London-based multi-strategy hedge fund Eisler Capital plans to raise between $1bn and $1.5bn of capital and increase its Portfolio Manager headcount to between 120 and 125 this year, according to a report by the Financial Times citing people familiar with the matter.
A year prior, the fund had increased its assets by more than $1bn. According to the source, other plans for 2024 include expanding its trading in equities and commodities in addition to its quantitative trading strategy business.
The report cites estimates by Goldman Sachs in revealing that multi-manager assets increased by 150% from 2017 to 2022, contrasting with the rest of industry, which, over the same period, saw growth at 13%.
The fund was founded in 2015 by Edward Eisler, who previously co-led the global markets division at Goldman Sachs. Eisler transitioned to a multi-manager strategy in 2021 and now manages $4bn of assets and employs about 300 staff globally, trading across bonds, equities and commodities markets. The fund saw returns of 9.8% in 2023 and 15% in 2022.
Eisler has also hired Jeff Russel, who previously led equities at Balyasny Asset Management, to lead its equity long-short strategy.
