Thursday, 26 February 2015
Last updated 2 hours ago
Jan 30 2008 | 8:55am ET
A co-founder of $750 million quantitative hedge fund shop Menta Capital has left for personal reasons.
George Patterson said that he remains an investor in Menta, and is seeking new opportunities in the asset management business, including opportunities outside of the hedge fund industry, according to published reports. He also said that the San Francisco-based firm has suffered alongside its fellow quants over the past several months.
“January was not a pretty month,” he said. “I don’t know the exact numbers because I’m not involved directly with Menta anymore. It was a tough month, but that was not just for Menta; it was across the board.”
Patterson founded Menta with a pair of fellow Barclays Global Investors portfolio managers in 2006.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…