Richard Franzen Joins Deimos Asset Management as Managing Director and Portfolio Manager

PURCHASE, N.Y.--()--Deimos Asset Management LLC, a multi-strategy hedge fund manager, announced today that Richard Franzen has joined the firm as a Managing Director and Portfolio Manager. At Deimos, Franzen will focus on managing a pairs-based trading strategy.

Prior to Deimos, Franzen managed portfolios based on the same strategy at REF Advisors LLC and at Battenkill Capital Management Inc. since 2007. Previous to that he was employed as an analyst and portfolio manager at Merrill Lynch Investment Managers from 1996 to 2005 and as an analyst at Millennium Management LLC in 2006.

Franzen is the fifth portfolio manager to join Deimos since last July, following the additions of Paul Orwicz, James Warner, Charles Slotnik and the Brasidas team of Jon Withaar and Steve Deitch. With these hires, Deimos continues to build on its business strategy of developing a suite of hedge fund products, expected to include a multi-strategy hedge fund, along with a wide 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.


Muirfield Partners
Mickey Mandelbaum, 310-785-0810
Jennifer Gill, 310-695-1412

Release Summary

Richard Franzen has joined Deimos Asset Management as a Managing Director and Portfolio Manager, where he is focused on managing a pairs-based trading strategy.

Deimos Asset Management LLC