Billionaire hires quant tech to boost wealth

(Last Updated On: August 28, 2015)

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-wealth

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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs