Algorithmic Trading Platform Quantopian Names Volpe as Chief Financial Officer

Dec 15 2016 | 10:32pm ET

Online investment algorithm platform Quantopian has named Marc Volpe as its chief financial officer.

In his new role, Volpe will oversee the financial, administrative, and risk management operations of the company, the recordkeeping, and provide performance reporting to the company’s clients and end investors, Quantopian said in a statement. 

Volpe brings a wealth of expertise to the position due to an extensive background in hedge funds, accounting, compliance, strategic planning, and risk management. He will be based in the company’s Boston office.

Prior to joining Quantopian, Volpe was CFO of Fort Warren Capital Management, LP, where he assisted in the launch of the firm’s hedge fund in 2014. He also served as the CCO at Regiment Capital, the multi-billion dollar credit hedge fund advisor, and began his career in the audit practice at PricewaterhouseCoopers. He is a CPA. 

"Marc is joining us as we prepare to manage external capital in early 2017," said John “Fawce” Fawcett, Founder and CEO of Quantopian. "Marc's skills and background will help us in our efforts to provide the highest returns that we can for our investors, and through those returns, a growing stream of payments to selected algorithm authors from our community."

Boston-based Quantopian offers an integrated, free, community-based platform that offers access to deep financial data, research capabilities, university-level education tools, a backtester, and the opportunity to receive a capital allocation. Quantopian’s community has doubled three years in a row and now totals more than 100,000 members in 180 countries.

The company’s portfolio of investment algorithms is selected from hundreds of thousands of algorithms written by its members – including professors, finance professionals, research scientists, developers, and students. Each one is reviewed and then allocations are selected based on return, risk, style, capacity and interaction effects.

The authors of the selected algorithms receive a share of the profits generated from their investment strategies. More than 4.5 million simulations have been run on the platform to date, the company said.

Quantopian has received nearly $50 million in equity investments, including a recent Series C round led by Andreessen Horowitz, and announced in September that it would manage up to $250 million for Steve Cohen’s Point72 Asset Management beginning in 2017. 

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