White Elk Partners, the hedge fund launched in 2023 by former Brevan Howard and BlueCrest portfolio manager Carl Radford, has opened a new office in Sydney as it expands its global footprint, according to a report by Financial News.
The firm, which manages nearly $400m in assets, will have six staff in the Australian hub by year-end, with capacity for up to 10. Former Citi FX trader John Nihill, who joined White Elk earlier this year as a Portfolio Manager, will relocate to lead the build-out in Q4.
White Elk has returned 9% year-to-date through 20 August, according to sources. Its Sydney expansion follows a growing trend of hedge funds targeting Australia, with firms including Qube Research, Point72 and WorldQuant all bolstering their presence in the market.
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