Key Takeaways
- • Jonathan Raiff, head of fixed income at Verition Fund Management, has left the multi-strategy hedge fund and is joining rival Schonfeld Strategic Advisors, according to Bloomberg citing unnamed people familiar with the matter.
- • Verition plans to distribute responsibility for Raiff's former role among several members of its investment team, per one person cited in the report.
- • Verition managed about $15bn as of July; the firm and Raiff reportedly declined or did not respond to comment requests.
- • Raiff joined Verition in 2022 after more than two decades in investment banking and markets, and previously served as deputy head of global markets at Nomura until 2021.
Summary
Jonathan Raiff, Verition Fund Management's head of fixed income, has left the multi-strategy hedge fund and is joining rival Schonfeld Strategic Advisors, according to a Bloomberg report citing unnamed people familiar with the matter. The report indicates Verition intends to spread responsibility for Raiff's former role across several members of its investment team. Verition, which managed about $15bn as of July, reportedly declined to comment, and Raiff did not respond to requests for comment.
Raiff's departure comes as macro and fixed-income investors contend with heightened bond-market volatility, driven by shifting inflation expectations, interest-rate policy and geopolitical developments. At Verition, he was responsible for macro investments alongside relative-value, foreign-exchange, rates and structured-products strategies after joining in 2022 following more than two decades in investment banking and markets.
Before Verition, Raiff served as deputy head of global markets at Nomura. He left the Japanese bank in 2021 following losses tied to the collapse of Archegos Capital Management, an event that caused significant disruption across the prime-brokerage industry.
Raiff's departure comes as macro and fixed-income investors contend with heightened bond-market volatility, driven by shifting inflation expectations, interest-rate policy and geopolitical developments. At Verition, he was responsible for macro investments alongside relative-value, foreign-exchange, rates and structured-products strategies after joining in 2022 following more than two decades in investment banking and markets.
Before Verition, Raiff served as deputy head of global markets at Nomura. He left the Japanese bank in 2021 following losses tied to the collapse of Archegos Capital Management, an event that caused significant disruption across the prime-brokerage industry.
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