Jon Withaar and Steve Deitch Join Deimos Asset Management as Managing Directors and Portfolio Managers

PURCHASE, N.Y.--()--Deimos Asset Management LLC, a multi-strategy hedge fund manager, announced today that the Brasidas Capital Management team of Jon Withaar and Steve Deitch have joined the firm as Managing Directors and Portfolio Managers. At Deimos, Withaar and Deitch will continue to build and manage portfolios based on global equity event driven investments, primarily focused on Asia. They will manage a portion of the Deimos multi-strategy assets and also plan to launch a co-branded fund based on the Brasidas strategy.

Before founding Brasidas, Withaar and Deitch were Portfolio Managers for over four years at Millennium Management LLC. Prior to Millennium, Withaar was Head of Principal Trading in Australia for Citi, and Deitch held analyst and Portfolio Manager positions at Balyasny Asset Management in New York.

Withaar and Deitch are the fourth portfolio management team to join Deimos since July, following the addition of Paul Orwicz in July, James Warner in September, and Charles Slotnik in October. Deimos continues to focus on its business strategy of developing a multi-strategy hedge fund and a variety of individual hedge fund strategies.

About Deimos Asset Management

Deimos Asset Management LLC is a multi-manager global hedge fund management company located in Purchase, N.Y., and registered under the Investment Advisers Act of 1940. Deimos’ portfolio management groups invest under a variety of fundamental and quantitative strategies. Deimos was formed through a management buyout of Guggenheim Global Trading, LLC, the former multi-manager, multi-strategy hedge fund platform of Guggenheim Partners. The acquisition was completed on January 31, 2015.

Deimos is led by managing partners Patrick Hughes, Loren Katzovitz and Mark Standish. Ontario Teachers’ Pension Plan is an anchor investor in Deimos’ multi-strategy product through a managed account platform, and leading global alternative asset manager Ares Management, L.P. (NYSE: ARES) has made a strategic investment in Deimos.

Contacts

Muirfield Partners
Mickey Mandelbaum, 310-785-0810
mickey@muirfieldpartners.com
or
Jennifer Gill, 310-695-1412
jenn@muirfieldpartners.com

Release Summary

The Brasidas Capital Management team of Jon Withaar and Steve Deitch have joined Deimos Asset Management as Managing Directors and Portfolio Managers.

Deimos Asset Management LLC