D.E. Shaw Beefs Up Macro Unit

Mar 7 2013 | 9:21am ET

The D. E. Shaw group has added two Ph.Ds to its discretionary macro investing unit.

Ángel Ubide and Brian Sack have joined the hedge fund giant as senior vice presidents and co-directors of global economics in the unit overseen by executive Managing Director Max Stone. 

Ubide is a 10-year veteran of Tudor Investment Corporation, where he was director of global economics. Prior to this, he served as a staff economist at the International Monetary Fund and as an associate at McKinsey & Company. He is also currently a senior fellow at the Peterson Institute for International Economics. Ubide will divide his time between D.E. Shaw's Washington, D.C. and New York City offices.

Sack joined from the Federal Reserve Bank of New York, where he was an executive vice president and served as a special adviser to the bank’s president. Previously, Sack was with Macroeconomic Advisers, and before that he served for six years at the board of governors of the Federal Reserve System, where he last was head of the monetary and financial market analysis section. Sack will split his time between the firm’s Boston and New York City offices.

“We’re incredibly excited to welcome Ángel and Brian to our team,” said Stone in a statement. “Our macro team casts a wide net in terms of asset class and geography, and having these two talented individuals’ insights strengthens our capabilities in several dimensions as we source and analyze trades in global markets.”

The D. E. Shaw group is a global investment and technology development firm with more than 1,000 employees and approximately $28 billion in investment capital as of January 1, 2013.

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