SOURCE Diametric Capital

BOSTON, Sept. 15, 2025 /PRNewswire/ -- Diametric Capital, a multi-strategy hedge fund company which launched in 2017 and is led by Nick Thakore, announced the appointment of Pat Tynan as Chief Operating Officer.

Tynan previously spent 16 years in operations at Millennium in substantial leadership roles, culminating in his role as Equity COO for the final 6 years. He then joined ExodusPoint as a Founding Partner, serving as their Equity COO from inception in 2018 to 2025.

"We are excited to welcome Pat to Diametric Capital," said Diametric's Founder and CIO, Nick Thakore. "We are at an inflection point in our growth outlook and Pat's operational leadership experience with two of the industry's premier multi-strategy hedge funds will be instrumental in enhancing our operational infrastructure to support Diametric's continued growth."

"I was drawn to Diametric Capital as a dynamic firm within the multi-strategy category, given its proven record of success, aligned client focus, and differentiated culture," said Tynan.

Diametric's flagship, Enhanced Market Neutral Fund has posted double-digit gains in four of the last five years and is up 19.8% net through July 31.

Tynan's hire comes as Diametric is in the midst of a significant fundraise, with the firm targeting $750m in AUM by the end of 2025.

As part of the organizational expansion and appointment of Tynan as COO, Dave Salvietti will continue in his role as Diametric's CFO.

About Diametric Capital:

Founded in 2017 by Nick Thakore, Diametric Capital is a Boston-based multi-strategy hedge fund specializing in equity market neutral strategies.  

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