Praxis Capital Management (Praxis) is an alternative investment manager with
a Modern Macro style of global macro investing. Praxis launched its flagship
fund (Praxis Opportunity Fund) in 2018 with the objective of achieving
non-correlated, asymmetric, risk-adjusted returns compounding over
a medium-to long-term time horizon.

About PRAXIS

Leveraging its founders’ experience in trading proprietary capital, the Fund actively trades around its core macroeconomic views to capture optimal convexity on the upside, while limiting downside exposure by adhering to strict, mark-to-market risk management practices.

  • Modern Macro
  • Opportunistic
  • Uncorrelated
  • Human Discretionary
  • Multi-Durational
  • Relative Value
  • Fundamental Research-Driven
  • Idiosyncratic
  • Longer Term Time-Horizon

The fund employs a mix of cash products, futures, and options to express its macro views within trading books of differing durations, and across several asset classes.

Upon identifying tradable opportunities, we gradually build up positions by first determining maximum stop-loss parameters, overall risk metrics, and exit strategies.

Strategy

Modern Macro

Praxis capital management is an alternative investment manager with a modern macro style of global macro investing.

Opportunistic

Upon identifying high risk/reward thematic investment opportunities, the fund expresses its macro views using cash, futures, and options positions on fixed income, equities, commodities, and foreign exchange across several durational strategies.

Multi-Durational

The fund’s trades fall into three separate duration books: short-duration trading (event-based), medium-term positions (tactical trading), and longer-term positions (thematic.)

Multi-Process Approach

The fund has developed a multi-process investment approach that integrates a blend of macro-economic fundamentals, technical analysis, and relative value analysis.

Human Discretionary

As our trades reflect our view of the macro landscape, we closely monitor market activity around the clock to right-size our exposure in response to changes in market conditions.

Risk-Focused

The fund’s strategy has historically benefitted from periods of price dislocation between asset classes. As a result, we are laser-focused on minimizing losses in times of low opportunity.

Experienced Investors

Praxis Team

Zach Abraham

MANAGING PARTNER - PORTFOLIO MANAGER

Mr. Abraham began his trading career at Marquette Partners L.P. (“Marquette”), a proprietary trading firm, in 2001, where he quickly rose through the ranks to become a top performer in the firm’s fixed income desk. Mr. Abraham credits his time at Marquette in Chicago and London for instilling the importance of sound risk management as the basis of all trading decisions. In 2006...

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Jonathan Glick

PARTNER

Prior to founding Praxis, Mr. Glick was a Managing Director at JHL Capital Group, a Chicago-based, opportunistic, alternative investment management firm (“JHL”) where he invested across a variety of asset classes. Prior to joining JHL in 2008, Mr. Glick was with Hammerman Capital Management, a San Francisco-based opportunistic hedge fund specializing in equity, debt, and capital structure arbitrage investments.

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Eric Nijensohn

PARTNER - RISK MANAGER

Prior to founding Praxis in 2018, Mr. Nijensohn was a Partner at Vine Street Trading (“Vine Street”). From 2009-2017, Mr. Nijensohn was a principal trader and risk manager with a focus on improving performance for the firm through his development of a bottom-up systematic risk framework. Prior to joining Vine Street, Mr. Nijensohn began his trading career at Marquette Partners in 1998...

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Kevin Baskel

PARTNER - CHIEF OPERATING OFFICER

Prior to joining Praxis Capital Management, Mr. Baskel was the Managing Director at Vine Street Trading (“Vine Street”). Mr. Baskel joined Vine Street as a Trader in 2007 and transitioned into operations in 2010, overseeing all aspects of the firm’s back and middle office. Prior to Vine Street, Mr. Baskel was a Trader at Marquette Partners from 2005-2007.

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Maurizio Fiori

Managing Director

Prior to joining Praxis Capital Management, Mr. Fiori had a successful career as an entrepreneur in the food & beverage, hospitality, and luxury consumer goods sectors. Prior to that, Mr. Fiori was a Limited Partner at Marquette Partners LLP from 1996 to 2006, where he specialized in trading futures on global fixed-income products. Additionally, Mr. Fiori spearheaded the expansion...

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