Dirk Jeschke, a former portfolio manager at Paul Tudor Jones’ hedge fund firm, is prepping a hedge fund in London for early next year.
Jeschke, 32, is planning a macro fund that will, among other things, emphasise medium- to long-term systematic macro strategies. He plans to launch the fund in the first or second quarter of next year.
Jeschke was a portfolio manager at Greenwich, Conn. based Tudor Investment Corporation from 2015 through May of this year, focusing on a multi-asset class macro strategy.
Before that, he worked in PIMCO’s G-10 rates and FX team, as well as its largest macro hedge fund. He also worked at Morgan Stanley’s quantitative and derivative trading strategies team in Hong Kong.
“My fund will do two things differently: emphasise medium- to long-term systematic macro strategies as well as balance and diversity among those strategies,” Jeschke said in an email to Business Insider.
“The main requirement for each core strategy is that it has a sound economic rationale going forward and a long history of strong risk-adjusted returns over a full business cycle. Those core strategies generate return streams from a diversified exposure to asset classes, investment styles, trends and market flows. Due to the diversity of the return streams, I believe I can bring them together in a portfolio that balances their ups and downs and that is robust with respect to short-term volatility, liquidity shocks and business cycle turns.”
Another Tudor staffer, Dario Villani, global head of portfolio strategy and risk, is also said to be preparing a new venture, Business Insider earlier reported.