LTCM Trio Reunite On Quant Fund

May 10 2007 | 12:11pm ET

A trio of Long-Term Capital Management alumni, including a co-founder of the notorious hedge fund, has reunited to found a new quantitative hedge fund.

Rye Brook, N.Y.-based Quantitative Alternatives is the brainchild of LTCM co-founder Eric Rosenfeld, along with former LTCM CFO Robert Shustak and Controller Bruce Wilson, according to Bloomberg News. The new venture has not started trading, but is reportedly actively recruiting employees and pursuing investors, as well as partnerships with banks, pensions funds and other financial institutions.

After LTCM collapsed in 1998, Rosenfeld and fellow LTCM co-founder John Meriwether continued to work together at Meriwether’s post-LTCM hedge fund venture, JWM Partners, for six years. Most recently, he served as president of Greenwich, Conn.-based Paloma Partners, leaving in 2006.

Rosenfeld is undoubtedly hoping to follow in Meriwether’s footsteps rather than those of another LTCM co-founder, Nobel Prize winner Robert Merton, whose Integrated Finance Ltd. shut down its hedge fund after only a few months last year.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

FINalternatives Most Popular

Publisher's Note