Verition Fund Management

Verition Fund Management LLC is a multi-manager and multi-strategy hedge fund founded in 2008 by Nicholas Maounis and Josh Goldstein. The firm was established to manage Maounis' wealth and has since expanded to include other investors. The name "Verition" reflects the company's commitment to transparency and integrity, derived from the Latin word "Veritas," meaning truth. Verition employs a diversified investment approach, utilizing strategies such as event-driven, fixed-income, macro, and equity long and short. The firm is recognized for identifying unique investment opportunities and maintaining a high ratio of portfolio managers to capital, allowing for numerous smaller bets. As of recent reports, Verition's portfolio includes over 2,745 positions, with significant holdings in the SPDR S&P 500 ETF Trust, Nvidia, Berkshire Hathaway, Amazon, and Microsoft. The company has shown strong performance since its inception, with cumulative returns of 565% by 2022, significantly outperforming the S&P 500. Verition has also experienced growth in assets under management, reaching $10.47 billion as of mid-2024, and has expanded its presence in Asia with new offices in Hong Kong and Singapore.