Register
Login:
Share:
Email Facebook Twitter


#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign


Finance & Stock Market News


Investor Schonfeld opens London office, aims to boost foreign bets

Fri, 11th Jan 2019 19:31


BOSTON, Jan 11 (Reuters) - Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors opened an office in London and hired two portfolio managers as the firm seeks to make more investments outside of the United States, an executive said on Friday.

Schonfeld, which mostly manages trading magnate Steven Schonfeld's personal fortune and has long been known for its computer-driven investing, had been looking to set up a physical presence in London for more than a year, Reuters reported previously.

For the London office, which was opened late in 2018, Schonfeld hired Alex Codrington and Russell Hartley who had each previously worked for BlueCrest Capital, once one of Europe's biggest hedge funds. Two analysts were also hired to help support them in trading stocks.

In April, Schonfeld expanded in Asia by buying up Folger Hill Asset Management, a hedge fund run by former SAC Capital Advisors LP executive Sol Kumin. That deal closed this month.

"Our goal is to diversify internationally " said Ryan Tolkin, Schonfeld's chief investment officer, adding that the firm aims to boost the share of its international investments to 35 percent from 20 percent now.

Schonfeld uses about 66 portfolio teams, a so-called multi-manager strategy. Some are based in Schonfeld's New York-area offices and the teams invest using three main styles: "quantitative" computer algorithms, traditional human stock-picking, and shorter-term trading. (Reporting by Svea Herbst-Bayliss Editing by James Dalgleish)



(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html




Back to Finance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.