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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...