Key Takeaways
- • Light Sky Macro, a newly launched New York-based macro hedge fund founded by Ben Melkman (formerly of Brevan Howard), hired Jérôme Saragoussi as director of trading strategy in May 2017.
- • Saragoussi brings 15 years of Deutsche Bank experience, most recently serving as director of rates, volatility, and relative value before resigning earlier in the week.
- • Light Sky Macro's investor roster includes prominent hedge fund managers: Steve Cohen, Dan Loeb (Third Point), Louis Bacon (Moore Capital), Philippe Laffont (Coatue), and Jens-Peter Stein (Stone Milliner), signaling institutional confidence in the fund's macro strategy.
- • The hire reflects ongoing competition for senior trading talent in the hedge fund industry, with established managers recruiting experienced professionals from major financial institutions to build out newly launched vehicles.
Summary
Light Sky Macro, a macro-focused hedge fund that launched in early 2017, has secured a significant hire in Jérôme Saragoussi, appointing him director of trading strategy. Saragoussi departed Deutsche Bank after 15 years with the institution, where he held the position of director of rates, volatility, and relative value. His start date at Light Sky Macro has not yet been formally announced.
The fund was founded by Ben Melkman, who previously worked at Brevan Howard Asset Management, one of the largest macro hedge funds globally. Light Sky Macro's investor base reflects the confidence major market participants place in the venture. Early backers include billionaire hedge fund manager Steve Cohen, Dan Loeb of Third Point, Louis Bacon of Moore Capital, and Philippe Laffont of Coatue. Additionally, Jens-Peter Stein of Stone Milliner committed capital to the fund as of early 2017.
The recruitment of Saragoussi underscores the intense competition for experienced trading talent within the hedge fund industry. Bringing a senior strategist with expertise in rates, volatility, and relative value trading positions Light Sky Macro to execute sophisticated macro trading strategies. For a newly launched fund competing for assets and institutional investor confidence, securing a veteran from a systemically important institution like Deutsche Bank serves as both a operational and credibility signal to limited partners and counterparties alike.
The fund was founded by Ben Melkman, who previously worked at Brevan Howard Asset Management, one of the largest macro hedge funds globally. Light Sky Macro's investor base reflects the confidence major market participants place in the venture. Early backers include billionaire hedge fund manager Steve Cohen, Dan Loeb of Third Point, Louis Bacon of Moore Capital, and Philippe Laffont of Coatue. Additionally, Jens-Peter Stein of Stone Milliner committed capital to the fund as of early 2017.
The recruitment of Saragoussi underscores the intense competition for experienced trading talent within the hedge fund industry. Bringing a senior strategist with expertise in rates, volatility, and relative value trading positions Light Sky Macro to execute sophisticated macro trading strategies. For a newly launched fund competing for assets and institutional investor confidence, securing a veteran from a systemically important institution like Deutsche Bank serves as both a operational and credibility signal to limited partners and counterparties alike.
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