Kennedy Mitchell
Guilford,CT
Summary
Dynamic cryptocurrency and FX portfolio manager with a proven track record at Edgehill Investment Group LLC, leveraging algorithmic trading and risk management to drive significant AUM growth. Adept at developing innovative trading strategies and leading teams, I excel in delivering results through effective communication and quantitative modeling.
Overview
32
32
years of professional experience
Work History
Foreign Exchange and Cryptocurrency PM/Managing Member
Edgehill Investment Group LLC
Guilford, Connecticut
05.2010 - Current
- Founded Edgehill Investment Group LLC in May 2010, initially as a foreign exchange-only SMA strategy, which grew to $139M AUM; restructured operations to include cryptocurrency trading, increasing AUM to $41M. Launched the Prometheus Cryptocurrency L/S strategy with $3M AUM in October 2020, growing to $23M. Launched HADES short-only cryptocurrency strategy in January 2024 with $1M, currently managing $8M AUM. Implemented quantitative and technical strategies for systematic trade identification.
- Trade top 20-25 cryptocurrencies by market capitalization and liquidity, on a multi-hour to multi-day horizon, averaging a holding period of 36-72 hours.
- Trade G10 and G10 cross rates in spot FX along with OTC derivatives on a 2-3-day time frame. Some EM exposure.
- Monitored developing signals and live trades to inform trading decisions.
- Develop and test trading programs for new strategies.
- Work with short term stochastic signals, volume overlays, to make trade entry and exit timing more efficient.
- Identified and engaged high-net-worth individuals, family offices, and funds of funds as key investors.
FX Trader
First New York Securities
New York City, NY
04.2009 - 05.2010
- First New York Securities LLC, (FNYS) is a principal trading firm headquartered in New York City, with offices in London. Traders span all asset classes as well as all developed and emerging markets.
- Worked on the global macro trading team, focusing on foreign exchange.
- Executed trades independently to capitalize on market opportunities within set P/L guidelines, generating Alpha for the firm.
- Managed portfolio of spot FX positions, OTC options, and FX forwards, optimizing overall trading strategy.
- Utilized technical analysis algorithms to identify and evaluate trading opportunities.
- Tested new trading programs and strategies for implementation.
FX Portfolio Manager
Balyasny Asset Management (BAM)
Greenwich, CT
02.2008 - 01.2009
- Executed trades in cash FX and OTC options across G10 & EM currency pairs, interest rates, and USDX strategies to optimize portfolio performance.
- Oversaw $125 MM initial allocation for flagship fund, aligning investment strategy with market opportunities.
- BAM is a multi-strategy hedge fund based in New York City with assets of over $23B. The fund focuses on equity investing and maintains a modest focus on global macro investing.
Portfolio Manager
Falconview Capital LLC
Greenwich, CT
12.2005 - 02.2008
- Executed cash FX trades including G10 & EM currency pairs and option strategies in G10 FX and USDX, contributing to portfolio performance.
- Trades were based on systematic signal recognition systems that I developed in 2003.
- Led team of two traders and two analysts, fostering collaboration to enhance trading strategies.
- Reviewed and tested new strategies and signals developed by myself and research team, ensuring alignment with fund objectives.
- Established Falconview Capital LLC in November 2005 as a hedge fund specializing in foreign exchange trading. The Fund launched with AUM of $30MM USD, and subsequently grew to $110MM USD. The main strategy of the fund was short term FX trading based on both fundamental and systematic models.
Global Macro Portfolio Manager
Graham Capital Management
Rowayton, CT
02.2005 - 11.2005
- Contributed as a member of the Discretionary Global Macro desk, a separate entity from Graham's systematic group.
- Performed global futures (interest rates & index), foreign exchange, and derivatives trading for $185MM USD of the Global Macro Fund assets.
- Traded FX, interest rates, metals, energy, and derivatives.
- Developed C++ based trading programs for new strategies.
- Graham Capital Management is a $18.6B USD multi-strategy, discretionary, and quantitative hedge fund, investing in global fixed income, equity, foreign currency, and futures markets.
Director of FX Trading
Meridian Asset Management, Inc.
San Francisco, CA
02.2002 - 07.2004
- Performed global futures (interest rates & index), foreign exchange, and derivatives trading.
- Applied Bayesian techniques, quantitative, and statistical analysis in the development of in-house trading models, and applied models to trades across multiple time horizons and asset classes.
- Developed arbitrage program between CME currency futures and USD Index, actively trading the strategy and capturing random anomalies.
- Utilized FlexTrader system for arbitraging equity baskets against index futures, capitalizing on price discrepancies in volatile markets.
- Executed trades for equity-linked convertible bonds, warrants, swaptions, caps, floors, and knockout options to manage investment portfolio.
- Maintained delta-neutral exposure for the short options book.
- Managed VAR for the proprietary trading desk and reported same to management.
- Developed UNIX-based trading programs to implement innovative strategies, enhancing trading capabilities.
- Collaborated with technical signal programs to optimize trade entry and exit, improving overall execution efficiency.
- Meridian Asset Management was a San Francisco based Fund-of-Funds engaged in Private Equity, Hedge Fund Allocations, Real Estate, and Direct Fund Management.
Asst. Vice President - MFD Trading Desk Manager
Federal Home Loan Bank of San Francisco
San Francisco, CA
02.2001 - 02.2002
- Managed the bank's Mortgage Finance desk; directed a staff of two traders. Oversaw $110B USD in advances, facilitating an average daily trading volume of $3-$4B USD.
- Collaborated with Treasury desk to structure caps, floors, KOs, and other custom derivative advances, enhancing product offerings.
- Structured customized derivative advance products for member banks ($250-$500MM USD in size).
- Moved the bank's new quantitative prepayment calculation system into production from testing.
- Headed project to develop new trade capture system for bank advances.
- Monitored capital and money market conditions to develop alternative funding strategies aligned with market trends.
- Contributed to outlining future bank strategy and alternative business products in collaboration with VP and SVP.
- The Federal Home Loan Bank of San Francisco helps meet the borrowing needs of communities by providing wholesale credit products and services to member financial institutions.
Jr. FX Trader
Coast Capital Management, Inc.
Boston, MA
06.1995 - 04.1997
- Executed EFPs and FX trades for clients across Europe and the Middle East, ensuring alignment with market trends and client needs.
- Traded futures, FX, and OTC derivative positions for a buy-side, Kuwait-based investment firm.
- Managed fund's trading system, adhering to quantitative and technical guidelines to optimize trading performance.
- Performed Delta-neutral management of the firm's FX derivatives hedging activities.
- Identified investment opportunities through technical and fundamental analysis, determining optimal entry and exit strategies using proprietary technical analysis models.
- Coast Capital Management was the sole investment advisor to a Kuwait based multi-national corporation, Coast Investment & Development Company, K.S.C.
Registered Representative
Prudential Securities, Inc.
Boston, MA
08.1994 - 06.1995
- Managed accounts with discretion over trades and strategy.
- Actively traded exchange-listed derivatives on indices, individual equities, and currencies.
- Developed trading strategies utilizing currency futures and baskets, executing same with significant & consistent profitability.
- Prudential Financial Advisory segment provides full service securities brokerage and financial advisory services to individuals and businesses through our joint venture with Wachovia Corporation.
Internship
Gruntal & Company, LLC
Boston, MA
09.1993 - 05.1994
- As an intern, acted as a liaison between derivative, futures, foreign exchange, and fixed income traders and clients.
- Evaluated and priced equity, index, and currency options.
- Obtained registered representative status to assist clients with investment needs. and opened new accounts for high net-worth individuals and corporations.
- Gruntal & Company was a brokerage and investment banking firm, founded in 1880, whose principal activity was trading stocks, bonds, and options.
Education
General Studies - Psychology & Economics
Marymount College
Palos Verdes, CA01.1992
Economics & Finance
Leysin-American College of Switzerland
Aigle, Switzerland01.1992
Graduate - General Studies
Cheshire Academy
Cheshire, CT06.1989
Skills
- Trading strategy development
- Risk management
- Algorithmic trading
- Portfolio optimization
- Financial analysis
- Global macro trading
- Derivatives trading (binary, barrier, digital, K/O)
- Derivative pricing
- Quantitative modeling
- Technical analysis
- Team leadership
- Effective communication
- Decision making
- Project management
- Data interpretation
- Time management
- Verbal and written communication
Publications And Interests
- Single Stock Futures; An Investors Guide, Mitchell, Kennedy E., John Wiley & Sons, Inc., 12/02
- Watch the VIX; Volatility is useful in times like these, Cochran, Tom, Barron's Market Weekly, 04/94
- Who We Are; Study profiles people who use options, Cochran, Tom, Barron's Market Weekly, 11/95
- Chartstrategy.com, Founded website, a global asset market analysis website, growing membership base to 4,800 subscribers - sold website in 2004., 2001
Accomplishments
#1 Net return for February 2025 - Barclay Hedge
Timeline
Foreign Exchange and Cryptocurrency PM/Managing Member
Edgehill Investment Group LLC
05.2010 - Current
FX Trader
First New York Securities
04.2009 - 05.2010
FX Portfolio Manager
Balyasny Asset Management (BAM)
02.2008 - 01.2009
Portfolio Manager
Falconview Capital LLC
12.2005 - 02.2008
Global Macro Portfolio Manager
Graham Capital Management
02.2005 - 11.2005
Director of FX Trading
Meridian Asset Management, Inc.
02.2002 - 07.2004
Asst. Vice President - MFD Trading Desk Manager
Federal Home Loan Bank of San Francisco
02.2001 - 02.2002
Jr. FX Trader
Coast Capital Management, Inc.
06.1995 - 04.1997
Registered Representative
Prudential Securities, Inc.
08.1994 - 06.1995
Internship
Gruntal & Company, LLC
09.1993 - 05.1994
General Studies - Psychology & Economics
Marymount College
Economics & Finance
Leysin-American College of Switzerland
Graduate - General Studies
Cheshire Academy