Warwick forming out of principal trading and cryptocurrency market maker Hehmeyer LLC
Warwick Capital Management Ltd., a Bermuda-based investment manager of digital assets, announced its formation and launch, spinning out of principal trading and market-making company Hehmeyer, LLC. Brian Tehako, formerly the head trader at Hehmeyer, will serve as Warwick’s Chief Investment Officer; Chris Hehmeyer, CEO of Hehmeyer, LLC, will serve as Chairman of Warwick Capital’s board.
“Bermuda has a well-developed regulatory structure with regards to digital assets and has welcomed us with open arms.”
Warwick Capital will operate as a distinct company, with separate funds, from Hehmeyer. In its first strategy, the Warwick team will utilize its decades of experience at Hehmeyer and in professional trading to bring classic financial models to non-traditional assets, starting with Bitcoin but with the potential to expand to nearly any digital asset. The fund’s objective is to achieve high, consistent, uncorrelated risk-adjusted returns through standard financial yield curve models.
“As Hehmeyer has become a leader in cryptocurrency market-making, the formation of Warwick Capital became a natural next step,” said Chris Hehmeyer. “Our goal is to bring the high level of domain expertise, risk management, and client service that we established in listed derivatives to the crypto world, and we are well on our way in doing so.”
“In addition to our experience in traditional and digital markets, our location will be a real advantage in accessing the global crypto trading network,” said Tehako. “Bermuda has a well-developed regulatory structure with regards to digital assets and has welcomed us with open arms.”
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Warwick’s launch will coincide with the merger of Hehmeyer and Nortide, which is expected to close by the end of Q2. The merged company, Hehmeyer Nortide AG, will operate as a global cryptocurrency market maker headquartered in Zug, Switzerland.
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