NuWave Investment Management Appoints Craig Weynand COO; Adds New Executive in Business Development

MORRISTOWN, N.J., March 15 /PRNewswire/ -- NuWave Investment Management LLC, an industry-leading alternative investment manager specializing in the application of quantitative investment strategies across the global futures and U.S. equity markets, today announced that Craig Weynand has been elevated to the position of Chief Operating Officer, responsible for overseeing all aspects of the firm's day-to-day business operations.  Mr. Weynand joined NuWave one year ago as Managing Director, following nearly 20 years in the alternative investment industry at such distinguished firms as Morgan Stanley, Campbell & Company, Inc. and Graham Capital Management, L.P.  NuWave manages approximately $685 million.

"Craig's prior experiences overseeing a variety of functional areas -- including trading, operations, due diligence, marketing, legal and compliance -- at some of the world's leading investment management firms will continue to enhance NuWave's institutional infrastructure and help lead the firm into its second decade of success," said Troy Buckner, NuWave's Founder and Managing Principal.

NuWave has also hired Patrick Hannon as a sales executive in the firm's Business Development group.  Mr. Hannon comes to NuWave following 10 years in Morgan Stanley's alternative investment group, where his responsibilities included various aspects of due diligence and manager selection for the Managed Futures Department, as well as being charged with expanding the firm's business development and client education efforts.  

"Patrick's role at NuWave will be to focus on all aspects of sales and marketing," said Mr. Buckner, "and I am confident that his efforts in this regard will not only facilitate the needs of existing clients, but also help solidify relationships with new investors."

In addition to recognizing the importance of human capital, NuWave remains focused on further enhancing its research platform and building out the firm's operational infrastructure.  The firm continues to invest significant resources in a wide range of research and technology initiatives, many of which are expected to enhance risk-adjusted returns, improve operational efficiencies and facilitate client communications.  Additionally, work continues on the construction of a new corporate headquarters facility, located in Parsippany, New Jersey.  The new facility, which is expected to be complete in May of 2010, is approximately three times larger than the firm's current space, providing ample room to house NuWave's growing infrastructure, while also allowing for future growth.

About NuWave Investment Management LLC

Established in February of 2000, NuWave Investment Management LLC specializes in the development of quantitative trading strategies and their systematic application to financial and commodity markets.  Based in Morristown, New Jersey, NuWave manages approximately $685 million from among a wide range of institutions, family offices, private banks and high net worth investors across the Americas, Europe and Asia.  NuWave is registered as a commodity trading advisor and a commodity pool operator with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association, as well as being registered as an investment adviser with the U.S. Securities and Exchange Commission.  For more information, please visit www.NuWaveCorp.com.

SOURCE NuWave Investment Management LLC