BOSTON--(BUSINESS WIRE)--Quantopian, the free online platform for education and creation of institutional-quality investment algorithms, has hired Marc Volpe as Chief Financial Officer.
Mr. Volpe brings a wealth of expertise from his extensive background in hedge funds, accounting, compliance, strategic planning, and risk management.
"Marc is joining us as we prepare to manage external capital in early 2017," said John “Fawce” Fawcett, Founder and CEO of Quantopian. "Marc's skills and background will help us in our efforts to provide the highest returns that we can for our investors, and through those returns, a growing stream of payments to selected algorithm authors from our community."
As Chief Financial Officer, Mr. Volpe will oversee the financial, administrative, and risk management operations of the company, the recordkeeping, and provide performance reporting to the company’s clients and end investors.
"The Quantopian team and the Quantopian community are changing the way that quantitative investments are made. I'm thrilled to join the team and help launch a new way to invest," Mr. Volpe said.
Quantopian is the only company to offer a fully integrated, community-based platform that offers access to deep financial data, powerful research capabilities, university-level education tools, a backtester, and the opportunity to receive a capital allocation.
Quantopian’s portfolio of investment algorithms is selected from hundreds of thousands of algorithms written by its members – including professors, finance professionals, research scientists, developers, and students.
Before joining Quantopian, Mr. Volpe worked for three years as the Chief Financial Officer of Fort Warren Capital Management, LP, where he assisted in the launch of that firm’s hedge fund in 2014. He also served as the Chief Compliance Officer at Regiment Capital, a multi-billion dollar credit hedge fund advisor located in Boston, and was a manager in the audit practice at PricewaterhouseCoopers, where he began his career in 1997.
Mr. Volpe received his MBA from the Wharton School at the University of Pennsylvania with a concentration in Finance, and received his bachelor’s degree from Bryant University with a concentration in Accounting. He is a Certified Public Accountant and Chair of the Board of Directors of Hospitality Homes, a local charity that provides housing to families traveling to Boston for medical care.
Quantopian inspires talented people from around the world to write investment algorithms. They provide capital, data, education tools, and infrastructure to algorithm authors. Quantopian offers license agreements for algorithms that fit its investment strategy, and the licensing authors are paid based on their strategy’s individual performance. Quantopian provides everything a quant needs to create a strategy and profit from it.
The company has received nearly $50 million in equity investments, including recently closing a Series C fund led by Andreessen Horowitz, and earlier this year announced that it will manage up to $250 million from renowned investor Steve Cohen beginning in 2017.
Quantopian’s community has doubled three years in a row and now numbers more than 100,000 members. Quantopian’s members include finance professionals, scientists, developers, and students from 180 countries. The members collaborate online and in person at regional meetups, workshops, and Quantopian’s flagship QuantCon events in New York and Singapore. Quantopian provides its members a research and development platform, which includes US equity pricing and corporate fundamental data for free. Members may also access a fast-growing catalog of premium datasets. To date, more than 4.5 million simulations have been run on Quantopian’s platform. In September 2015, Quantopian began allocating proprietary capital to selected algorithms submitted by its members. In 2017, Quantopian expects to begin allocating external capital toward these strategies.
For more information about Quantopian, please visit: https://www.quantopian.com/.