D.E. Shaw Adds Two Economists

Mar 11 2013 | 9:59am ET

D.E. Shaw & Co. has made two senior hires, adding a veteran of the Federal Reserve Bank of New York and a Tudor Investment Corp. economist.

New York-based D.E. Shaw named Brian Sack and Angel Ubide senior vice presidents and co-directors of global economics on its discretionary macro team. Sack joins from the New York Fed, where he was an adviser to its president and a former head of its markets group, while Ubide comes from Tudor, where he was director of global economics. Before joining that hedge fund, Ubide was at the International Monetary Fund and McKinsey & Co., and is currently a senior fellow at the Peterson Institute for International Economics. Sack formerly worked at Macroeconomic Advisers.

Both men will divide their time, spending some of it in New York, with Sack otherwise based in Boston and Ubide in Washington.

"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," Max Stone, head of macro investing at D.E. Shaw, said.

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