NEW YORK--(BUSINESS WIRE)--Schonfeld Strategic Advisors LLC, a SEC registered investment adviser, expands its exposure to quantitative trading with its commitment to Masa Capital LLC, a newly-established investment adviser, run by quant PM Eric Tavel.
Mr. Tavel’s expertise lies in the development of quantitative trading strategies within a diverse set of asset classes, including futures and currencies. Schonfeld will support Masa Capital by investing capital as well as assisting with infrastructure and recruitment of personnel.
Mr. Tavel spent the last 5 years as the Head of Quantitative Trading for RBC’s proprietary trading division, known as GAT. Prior to RBC, he worked for 14 years at Goldman Sachs Asset Management as a Managing Director and Portfolio Manager within the Quantitative Investment Strategies group, where he co-managed the Global Alpha Fund, among other funds and strategies.
Schonfeld has achieved a significant level of success recruiting investment teams, due in large part to the flexibility of its offering and the entrepreneurial spirit of its management. "The structural flexibility we maintain as a multi-manager, multi-strategy investment firm allows us to adjust our model and our deal terms, as the markets dictate, furthering the ability to grow our business and become a preferred partner for great portfolio managers," said Schonfeld’s CIO, Ryan Tolkin.
The investment with Masa and Mr. Tavel represents a further extension of Schonfeld’s ambitions in the quantitative trading space as Mr. Tavel has extensive experience building quantitative trading strategies that span styles, trading horizons, and asset classes. “We are very excited to partner with a portfolio manager of this caliber who has a demonstrable track record of success,” said Andrew Fishman, President of Schonfeld.
About Schonfeld Strategic Advisors LLC:
Schonfeld Strategic Advisors LLC, a newly established SEC registered investment adviser, invests capital with portfolio managers and proprietary traders. A global investment management firm that traces its roots back to 1988, Schonfeld manages an aggregate gross market value in excess of $12.5 billion as of July 22, 2016.
Schonfeld deploys its stable, risk-tolerant capital to a multitude of investment and trading strategies which fall into three broad categories: statistical arbitrage and other quantitatively-driven strategies; fundamental equity / relative value; and proprietary trading. Schonfeld’s quant teams generally run high-Sharpe, high-capacity strategies. Schonfeld supports over 40 investment teams by investing capital, funding operating expenses, and supporting technology infrastructure, including co-located facilities at various execution venues.