Schonfeld Strategic Advisors Backs New TMT Fund with $100M

May 17 2016 | 10:20pm ET

Schonfeld Strategic Advisors will reportedly invest at least $100 million into a partnership with Marcelo Desio’s new Lucha Capital Management that will trade U.S. technology, telecom, media and business services stocks.

Lucha plans to launch the new long/short venture by the fall, according to a Reuters article citing two unidentified sources familiar with the matter. Schonfeld's commitment is said to be for at least three years, and could increase depending on performance, Reuters reported. 

San Francisco-based Lucha was founded earlier this year by Desio and Bill Dauphinais, both recently partners at hedge fund Crosslink Capital. It is one of several external managers to work with Schonfeld, which managed more than $4 billion as of January 1 across approximately 40 other investment teams working in three primary styles: quantitative algorithmic trading, traditional fundamentals-based stock picking, and tactical trading. 

Schonfeld Strategic Advisors was formed in October 2015 as a subsidiary of famed trader Steven Schonfeld’s family office and seeding platform The Schonfeld Group. It was opened to limited outside investment, including from employees, earlier this year. 


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