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Stock impact report

Meet Tekmerion: The classics-obsessed macro investor spinning out of Brevan Howard with $1 billion [Business Insider]

Galaxy Digital Inc. - Class A common stock (GLXY) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Tekmerion Capital is spinning out of Brevan Howard with $1 billion. The systematic macro fund is run by Zachary Squire and backed by Engineers Gate and Michael Novogratz. Squire, formerly at D.E. Shaw, Bridgewater, and HBK, is fundraising now that macro is "en vogue" again. In a way, Tekmerion Capital is a throwback to an earlier era of hedge funds. Before mega funds like Millennium and Citadel shifted the $5.2 trillion industry toward more institutional " skill factories ," hedge funds were dominated by quirky characters trading niche markets and esoteric instruments. Zachary Squire certainly fits that bill. The chief investment officer of Tekmerion Capital, which will spin out of Brevan Howard next month with $1 billion in assets, Squire has the investing bona fides — with stops at D.E. Shaw, Bridgewater, and HBK — that would catch any Show less Read more
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