Billionaire hires quant tech to boost wealth
WTF is Quanbot? Read more about how this quant methodology is adding to his family office
One of the biggest teams, Quantbot Technologies, which has been working for him for six years, is run by a nuclear physicist who helped establish electronic-trading platforms at Morgan Stanley and Merrill Lynch & Co.
While Schonfeld seeks money managers ready to start their own funds, Quantbot is using the extended commitment to add strategists who have new trading ideas but haven’t gained experience implementing them.
ome of that talent is heading to Quantbot, a statistical arbitrage fund that bets on small price differences in correlated securities and has 25 employees managing $1.5 billion in positions. It was founded in 2009 by Michael Botlo, a 56-year-old Austrian known as Michi who was a staff physicist at the Superconducting Super Collider in Texas before going to work on Wall Street. The firm is hiring and expanding its strategies into additional markets including China and into futures in all asset classes.
http://www.bloomberg.com/news/articles/2015-07-08/billionaire-schonfeld-lures-hedge-fund-talent-to-boost-wealthFACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!