Diametric Capital Expands Leadership with New COO Appointment

Diametric Capital Welcomes Pat Tynan as New COO

Diametric Capital, a Boston-based multi-strategy hedge fund founded in 2017 by Nick Thakore, has recently bolstered its leadership with the appointment of Pat Tynan as Chief Operating Officer. With a rich history in the hedge fund industry, Tynan's extensive experience is expected to play a pivotal role in the firm's strategic growth and operational excellence.

Tynan comes to Diametric Capital with a formidable background, having spent 16 years at Millennium Management in significant operational roles. His final six years there were spent as the Equity COO, overseeing substantial aspects of the firm's trading and investment operations. Following his tenure at Millennium, Tynan co-founded ExodusPoint Capital Management, serving as its Equity COO until 2025. His dual exposure to two of the foremost multi-strategy hedge funds positions him uniquely to enhance Diametric’s operational capabilities.

Upon his appointment, Nick Thakore, the Founder and Chief Investment Officer of Diametric Capital, expressed enthusiasm about Tynan joining the team. “We are at a critical juncture in our growth trajectory, and Pat's strong operational support from his previous leadership roles will undoubtedly enhance our infrastructure,” Thakore stated.

In his remarks, Tynan highlighted his reasons for joining Diametric Capital, emphasizing the firm's dynamic approach within the multi-strategy hedge fund space. He was particularly impressed by Diametric's proven success, commitment to client alignment, and distinctive organizational culture. “I was drawn to Diametric Capital as a dynamic firm within the multi-strategy category, given its proven record of success, aligned client focus, and differentiated culture,” Tynan remarked.

Diametric's flagship Enhanced Market Neutral Fund has performed robustly, achieving double-digit gains in four of the past five years and recording a striking 19.8% net return through July 31. These impressive figures underscore the firm’s stability and potential for ongoing growth.

As Diametric Capital embarks on an ambitious fundraising effort, which aims to secure $750 million in assets under management (AUM) by the end of 2025, the addition of Tynan as COO signifies the firm's commitment to expanding its operational prowess. This expansion also sees Dave Salvietti continuing his vital role as Chief Financial Officer, ensuring a cohesive leadership structure.

Founded by Thakore in 2017, Diametric Capital specializes in equity market neutral strategies and has already established a reputed presence in the hedge fund industry. With the recent leadership enhancement through Tynan’s appointment, the firm looks poised for significant growth and innovation in the competitive financial landscape.

In conclusion, the strategic move to appoint Tynan as COO reflects Diametric Capital’s proactive approach to leadership and operational enhancement, aligning with their growth ambitions and overall mission to provide exceptional investment services to their clients. As they advance towards their 2025 goals, all eyes will be on how Tynan's expertise will drive the firm forward.