A Sydney hedge fund has employed Chad Slater, who co-founded Morphic Asset Administration.
Slater has joined Drummond Knight, a hedge fund based final yr by Lindsay Taylor, who was a senior investor at Point72.
Slater’s new position is as a senior funding supervisor at Drummond Knight.
The hedge fund is known to be invested in property together with North American listed firms, and to make use of an funding staff of simply 4.
Morphic was a long/short global equities manager with a focus on ethical investing. It had about $113 million in total assets at September 2020, split across an unlisted fund (Morphic Global Opportunities Fund) and an ASX-listed fund (Morphic Ethical Equities Fund).
It was founded in 2012 by Slater and Jack Lowenstein, who worked together at Hunter Hall. In June 2019, Ellerston bought an undisclosed controlling stake in Morphic. Slater left Ellerston a year after the sale.
Point72 is among the world’s finest recognised hedge funds based by Steve Cohen. In 2019, it began Australian operations with two professional merchants from Goldman Sachs, AFR reported.