Eisler Capital Targets $1.5bn Fundraise and Major Expansion in 2024

London-based multi-strategy hedge fund Eisler Capital is aiming to raise between $1 billion and $1.5 billion in capital this year, with plans to expand its team of Portfolio Managers to a total of 120 to 125, according to a report from the Financial Times, citing sources close to the firm. This follows a successful year in 2023, during which Eisler Capital grew its assets by over $1 billion.

In addition to expanding its team, the hedge fund is looking to broaden its trading activities, focusing on equities and commodities, alongside its established quantitative trading strategies. The firm is targeting further diversification to enhance its offerings in these markets.

A Goldman Sachs report highlighted the impressive growth of multi-manager hedge funds, noting a 150% increase in assets from 2017 to 2022, which stands in sharp contrast to the broader hedge fund industry, which grew by only 13% over the same period.

Eisler Capital, founded in 2015 by Edward Eisler, who previously co-led the global markets division at Goldman Sachs, has seen significant success since transitioning to a multi-manager model in 2021. The firm now manages $4 billion in assets and employs around 300 staff globally. In 2023, Eisler Capital posted a return of 9.8%, following a strong 15% return in 2022. The firm has also recruited Jeff Russel, former equities head at Balyasny Asset Management, to lead its equity long-short strategy, bolstering its capabilities in this area.