Thursday, 30 March 2017
Last updated 4 hours ago
Mar 16 2017 | 9:53pm ET
Online investment algorithm platform Quantopian has named former Boston Company executive Leslie Baccini as director of investor relations.
Baccini comes to Quantopian with a background in hedge fund strategy communication and equity research sales, according to a statement. Before her new position, she was an alternatives portfolio specialist for The Boston Company, where she was responsible for communicating the firm’s hedge fund strategies to clients and prospective clients. Beforehand, she was a vice president at Goldman Sachs.
“Leslie has a proven track record of success with investors,” said John Fawcett, founder and CEO of Quantopian, in the statement. “As we prepare to manage external capital later this year, her skills will be critical in communicating with those investors who choose Quantopian to manage their money with the best of our crowd-sourced investment algorithms.”
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 in each of the last three years and now totals more than 120,000 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 5.5 million simulations have been run on the platform to date, the company said.
Quantopian has received nearly $50 million in equity investments, including a Series C round led by Andreessen Horowitz, and announced last September that it would manage up to $250 million for Steve Cohen’s Point72 Asset Management beginning later this year.