Schonfeld Adds 15 Portfolio Managers To Platform

Jun 3 2014 | 10:29am ET

Schonfeld Group Holdings, a family office with a seeding platform, has been on something of a hiring spree.

The firm, which allocates trading and risk capital to internal and external portfolio managers, has added 15 managers focused on fundamental equity relative value and five focused on statistical arbitrage trading strategies to its platform over the past 18 months, bringing total managers to 35.

Over that period, Schonfeld's overall assets under management have grown fourfold while its international AUM has grown eightfold as the firm has expanded into markets outside of the United States, particularly in Europe and Asia. The firm now counts eight groups across these geographies. 
 
Schonfeld’s recently-hired managers have joined from a range of firms including Citadel, Hermitage, IVC, J Goldman, SAC/Point 72, and traditional long/short equity funds, amongst others.
 
“Schonfeld’s unique position as an incubator for leading strategists, occupying a middle ground between a seeder and a more traditional multi-manager platform, continues to be attractive to potential PM candidates. This marketplace position has enabled us to remain entrepreneurial deal-makers, taking into account the needs and best interests of our current and prospective managers,” said Schonfeld Group Chairman Steven Schonfeld, in a statement.
 

 


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR