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The Team

Abraxas Capital Management has been operating for over 20 years, combining top-performing senior ex-investment bankers with a talented new generation of digital assets experts. The team includes 30+ professionals globally, supported by IT specialists focused on developing trading and risk management systems.

Core Team

Core Team

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Fabio Frontini
Founder & Head of Portfolio Management

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Fabio Frontini
Founder & Head of Portfolio Management

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Carlo Zaffaroni
Head of Trading & Co-Portfolio Manager, Elysium Funds

Bio

Carlo has been with Abraxas since the firm’s entry into the digital assets industry in 2017. He co-launched the Elysium Global Arbitrage Fund in 2018 and serves as its co-portfolio manager, while also overseeing Abraxas’ trading division. He previously worked at BSI SA Bank in Lugano. Carlo holds a degree in Economics, Finance, and International Business from Oxford Brookes University and a MSc in Finance from Cass Business School.

Carlo Zaffaroni
Head of Trading & Co-Portfolio Manager, Elysium Funds

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Federico Bagiotti
Co-Portfolio Manager, Elysium Funds

Bio

Federico joined Abraxas in 2018, assisting with the launch of the Elysium Global Arbitrage Fund of which he is currently co-portfolio manager. He began his career in the securities industry over 25 years ago, primarily in Equities and Equity Derivatives. He has held Equity Sales, Analyst, and Trader roles at major international financial institutions, focusing on relative value and arbitrage strategies. He later joined a Hong Kong fintech startup specializing in big data-driven Research, Advisory, and Asset Management solutions. Federico graduated Summa Cum Laude from Bocconi University and is a CFA Charterholder.

Federico Bagiotti
Co-Portfolio Manager, Elysium Funds

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Stefano Ruggiero Stefano
Chief Operating Officer

Bio

Stefano is a Director and Chief Operating Officer at Abraxas, where he also oversees business development. Since joining the company in 2005, he has held various roles in both portfolio and company management. Before joining Abraxas, Stefano worked at Commerzbank and Merrill Lynch in London, where he served as Head of European Equity Sales and Head of International Advisory Group respectively. Stefano graduated with a degree in Business Administration from Bocconi University in Milan and is a Qualified Chartered Accountant.

Stefano Ruggiero Stefano
Chief Operating Officer

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Luca Celati
Head of Risk Management

Bio

Luca co-founded Abraxas in 2002 and participated in launching its first fund in 2003. He is a director at HEKA Funds Sicav plc, responsible for Risk Management. Luca has held roles as Global Head of Risk Management at Dresdner Kleinwort Wasserstein (DRKW). Earlier in his career, he was in Proprietary Credit Trading and Sovereign Bond Arbitrage at Bankers Trust in New York and London. Luca holds an MBA from Kellogg Graduate School of Business and a Degree in Economics from LUISS University in Rome. He is also the author of “The Dark Side of Risk Management” (2004).

Luca Celati
Head of Risk Management

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Barbara Dotti
Head of Compliance & AML

Bio

Barbara joined Abraxas in 2013, overseeing operations, compliance, and acting as MLRO. She began her career at Leasint, the leasing arm of Banca Intesa, where she managed HR and then Strategic Marketing. Barbara holds a diploma in Investment Compliance and is a Member of the Chartered Institute for Securities and Investment. (2004).

Barbara Dotti
Head of Compliance & AML

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Nick Turner
Senior Advisor

Bio

Nick is a Director at Abraxas with responsibilities including compliance, risk management, and finance. He joined Abraxas in 2005, previously holding the role of Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London. He brings over 35 years of experience in major markets, including being involved from the launch in the European Financial Futures derivatives markets. Nick holds an MA in Economics from Cambridge University.

Nick Turner
Senior Advisor

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Antonio Bozzo
Head of Investor Relations & Strategic Partnerships

Bio

Antonio joined Abraxas in 2024 and is responsible for business development, investor relations and strategic partnerships. He brings several years of experience in international asset and wealth management, having held various roles at leading banking institutions such as Barclays, Vontobel, and Pictet in Monaco, Switzerland, and Italy. Antonio holds a Dual MSc in Economics and Finance from LUISS University in Rome and Fordham University in New York.

Antonio Bozzo
Head of Investor Relations & Strategic Partnerships

Bio

Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.

Davide La Torre
Senior Research Scientist and AI Lead

Bio

Dr. Davide La Torre is a senior research scientist and university professor with expertise in AI, Mathematical Finance, Machine Learning, and Mathematical Modelling. He holds qualifications from the French and Italian university systems and has over 200 research publications. Davide held permanent and visiting university professor positions in Europe, Canada, Middle East, Central Asia, and Australia and authored several books, the most recent on AI’s impact on business and society and engineering mathematics. He holds a PhD in Computational Mathematics and Operations Research and a MSc in Mathematics from University of Milan.

Davide La Torre
Senior Research Scientist and AI Lead

Abraxas Capital Management Ltd.

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Fabio Frontini

Founder & Head of Portfolio Management
Fabio founded Abraxas in 2002 and leads the company’s portfolio management division. He currently manages the Elysium Funds strategies and is also a member of the Board and Investment Committee of HEKA Funds Sicav plc. Earlier in his career, he was Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London, following several years spent at UBS and Merrill Lynch as derivatives trader. Fabio graduated summa cum laude in Economics from Bocconi University, Milan in 1994.
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Carlo Zaffaroni

Head of Trading & Co-Portfolio Manager, Elysium Funds
Carlo has been with Abraxas since the firm’s entry into the digital assets industry in 2017. He co-launched the Elysium Global Arbitrage Fund in 2018 and serves as its co-portfolio manager, while also overseeing Abraxas’ trading division. He previously worked at BSI SA Bank in Lugano. Carlo holds a degree in Economics, Finance, and International Business from Oxford Brookes University and a MSc in Finance from Cass Business School.
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Federico Bagiotti

Co-Portfolio Manager, Elysium Funds
Federico joined Abraxas in 2018, assisting with the launch of the Elysium Global Arbitrage Fund of which he is currently co-portfolio manager. He began his career in the securities industry over 25 years ago, primarily in Equities and Equity Derivatives. He has held Equity Sales, Analyst, and Trader roles at major international financial institutions, focusing on relative value and arbitrage strategies. He later joined a Hong Kong fintech startup specializing in big data-driven Research, Advisory, and Asset Management solutions. Federico graduated Summa Cum Laude from Bocconi University and is a CFA Charterholder.
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Stefano Ruggiero

Chief Operating Officer
Stefano is a Director and Chief Operating Officer at Abraxas, where he also oversees business development. Since joining the company in 2005, he has held various roles in both portfolio and company management. Before joining Abraxas, Stefano worked at Commerzbank and Merrill Lynch in London, where he served as Head of European Equity Sales and Head of International Advisory Group respectively. Stefano graduated with a degree in Business Administration from Bocconi University in Milan and is a Qualified Chartered Accountant.
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Luca Celati

Head of Risk Management
Luca co-founded Abraxas in 2002 and participated in launching its first fund in 2003. He is a director at HEKA Funds Sicav plc, responsible for Risk Management. Luca has held roles as Global Head of Risk Management at Dresdner Kleinwort Wasserstein (DRKW). Earlier in his career, he was in Proprietary Credit Trading and Sovereign Bond Arbitrage at Bankers Trust in New York and London. Luca holds an MBA from Kellogg Graduate School of Business and a Degree in Economics from LUISS University in Rome. He is also the author of “The Dark Side of Risk Management” (2004).
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Barbara Dotti

Head of Compliance & AML
Barbara joined Abraxas in 2013, overseeing operations, compliance, and acting as MLRO. She began her career at Leasint, the leasing arm of Banca Intesa, where she managed HR and then Strategic Marketing. Barbara holds a diploma in Investment Compliance and is a Member of the Chartered Institute for Securities and Investment.
×

Nick Turner

Senior Advisor
Nick is a Director at Abraxas with responsibilities including compliance, risk management, and finance. He joined Abraxas in 2005, previously holding the role of Head of Strategic Proprietary Trading at Dresdner Kleinwort Wasserstein (DRKW) in London. He brings over 35 years of experience in major markets, including being involved from the launch in the European Financial Futures derivatives markets. Nick holds an MA in Economics from Cambridge University.
×

Antonio Bozzo

Head of Investor Relations & Strategic Partnerships

Antonio brings several years of experience in international asset and wealth management, having held various roles at leading banking institutions such as Barclays, Vontobel, and Pictet in Monaco, Switzerland, and Italy. Antonio holds a Dual MSc in Economics and Finance from LUISS University in Rome and Fordham University in New York.

×

Davide La Torre

Senior Research Scientist and AI Lead
Dr. Davide La Torre is a senior research scientist and university professor with expertise in AI, Mathematical Finance, Machine Learning, and Mathematical Modelling. He holds qualifications from the French and Italian university systems and has over 200 research publications. Davide held permanent and visiting university professor positions in Europe, Canada, Middle East, Central Asia, and Australia and authored several books, the most recent on AI’s impact on business and society and engineering mathematics. He holds a PhD in Computational Mathematics and Operations Research and a MSc in Mathematics from University of Milan.