10 Stocks to Invest In According to Bart Baum's Ionic Capital
In this article, we discuss 10 stocks to invest in according to Bart Baum's Ionic Capital.
Ionic Capital Management LLC, established in 2006 by Bart Baum and Daniel Stone, is a New York-based hedge fund manager. The firm oversees multiple private and registered investment funds utilizing diverse strategies such as relative value arbitrage, long volatility, inflation protection, and value equity.
Bart Baum brings extensive expertise in managing relative value arbitrage strategies across diverse global asset classes. Before founding Ionic in 2006, he served as Managing Director and Portfolio Manager within the US and European Volatility and Credit Arbitrage Group at Highbridge Capital Management LLC, where he began his tenure in September 1992, just after its inception. Mr. Baum's focus on equity options, warrants, and mandatory convertibles led to the development and implementation of several of Highbridge's pioneering equity arbitrage trading strategies. He holds an MBA from Fordham University and a BA in Political Science from SUNY Albany.
Ionic Capital Management is a hedge fund managing $3,030,399,721 in discretionary assets, as reported in Form ADV dated March 2024. Serving 14 clients, their Q1 2024 13F filing indicated $310,327,042 in managed 13F securities, with a top 10 holdings concentration of 50.73%. The largest holding in Ionic Capital Management's portfolio is iShares MSCI Emerging Markets ETF, with 850,000 shares held.
