Garda Capital Partners Hires Gary Cameron to expand U.S. trading team and establish New York office
Date: December 13, 2016
(MINNEAPOLIS) – December 13, 2016 – Garda Capital Partners LP, an alternative investment manager focused on fixed income relative value trading strategies, announces today that Gary Cameron has been hired as Portfolio Manager with the additional responsibility of leading an expanded U.S. trading team with the creation and staffing of a New York-based office. Garda expects its New York office to open early in 2017.
Mr. Cameron comes to Garda having previously held various leadership positions over 18 years at JP Morgan in both New York and London, including recent roles as Global Head of USD Swaps and Head of USD Rates Trading for Europe, Middle East and Asia. Prior to JP Morgan, Mr. Cameron started his career with HSBC, including positions with responsibility for USD, JPY, AUD and core European rate trading books in both New York and Tokyo.
"I am excited to join Garda Capital Partners and be part of this talented team with an organizational culture of collaboration and community." said Cameron, "In deciding to join Garda, I was highly impressed with the focus and commitment of the organization to its investment strategies and am grateful for the opportunity to help Garda expand its U.S. based trading capabilities for these strategies in such a supportive environment."
"Gary’s experience, leadership and reputation for integrity exemplifies our global commitment to securing and retaining quality investment expertise in our fixed income relative value strategies and we are thrilled to have Gary become part of the Garda team." said Jeff Drobny, Managing Partner and CIO of Garda Capital Partners. "We are confident that Gary will not only help us capture the opportunities we see today but will also strengthen the U.S. trading team for the future."
About Garda Capital Partners
Garda Capital Partners is an alternative asset manager focused on providing uncorrelated fixed income investment strategies to select institutional investors through private funds and customized solutions. Garda currently manages approximately $2.9 billion assets under management through its offices in Minneapolis, Minnesota and Geneva, Switzerland.
Garda Capital Partners Launches with $2 billion in Assets Under Management
Date: Feb 1, 2016
(MINNEAPOLIS) – February 1, 2016 – Garda Capital Partners announced today that it has completed a management buyout of the fixed income strategies hedge fund business from Black River Asset Management, an alternative asset manager and independently managed Cargill subsidiary. Upon completion of the buyout, Garda retained all of the investors in the fixed income funds, and now manages approximately US $2 billion in institutional assets. The buyout was led by Jeff Drobny, Tim Magnusson and Rob Goedken, who are all former senior executives of Black River.
The fixed income strategies hedge fund business acquired by Garda has a track record spanning more than 12 years with a history of consistently positive and uncorrelated annual returns across a variety of market cycles. Garda’s fixed income strategies will continue to be managed exclusively for sophisticated institutional investors whose investment objectives align with the portfolio and include uncorrelated portfolio diversification.
In conjunction with the buyout, Garda has retained the entire former Black River relative value fixed income investment team as well as selected business management professionals to provide continuity across both investment and key business functions. Additionally, the Garda investment strategies remain under the leadership of Jeff Drobny, who previously traded and managed fixed income investment strategies at Cargill and Black River for over 20 years.
"Cargill has been a terrific owner, investor, and employer over the last two decades," said Jeff Drobny, managing partner and CIO of Garda Capital Partners, "but the time came to transition the business to an owner that will be a more natural parent for the future."
On September 28, 2015, Cargill announced that three Black River businesses, including the fixed income strategies now managed by Garda, were pursuing plans to spin off into three independent firms. With the completion of this management buyout, Garda is no longer affiliated with Cargill, although Cargill remains an investor in one of the Garda funds.
About Garda Capital Partners
Garda Capital Partners is a global alternative asset manager focused on providing uncorrelated fixed income investment strategies to select institutional investors. Garda was founded in 2015 by Jeff Drobny, Tim Magnusson, and Rob Goedken to retain and build upon the investment and risk management processes and expertise that were developed as proprietary trading strategies of Cargill, and honed over more than a decade of trading at Black River. Garda’s initial team includes more than 40 former Black River investment and business management professionals who are located in Minneapolis, Minnesota, and Geneva, Switzerland.