Key Takeaways
- • Vatic Investments appoints Shashi Borade, Ph.D., as Deputy Head of Quantitative Investments, reporting directly to Chief Investment Officer Allen Poteshman, Ph.D., to manage the firm's statistical arbitrage operations.
- • Borade brings 13 years of equity statistical arbitrage experience, including seven years as Vice President at D.E. Shaw & Co. and most recently as Portfolio Manager at Engineers Gate, where he led medium-frequency trading system design and implementation in global equities.
- • Educational credentials include a Ph.D. and M.S. in Electrical Engineering and Computer Science from MIT, plus a B.Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay—positioning him with deep quantitative and technical expertise.
- • The hire reflects Vatic's strategic focus on strengthening its quantitative investment team through recruitment of senior talent experienced in systematic, data-driven trading strategies powered by machine learning and autonomous trading agents.
Summary
Vatic Investments, a systematic quantitative investment management firm headquartered in New York, announced on November 18, 2021, the appointment of Shashi Borade, Ph.D., as Deputy Head of Quantitative Investments. Borade will assume a leadership role within the firm's statistical arbitrage division, reporting to Allen Poteshman, Ph.D., Chief Investment Officer and Head of Statistical Arbitrage, and will assist in managing all operational aspects of the firm's statistical arbitrage system.
Borade arrives with 13 years of specialized experience in equity statistical arbitrage. Most recently, he served as Portfolio Manager at Engineers Gate, where he led the design and implementation of a medium-frequency research and trading system covering global equities markets. His prior experience includes seven years as Vice President in the equity statistical arbitrage group at D.E. Shaw & Co., one of the most prominent quantitative hedge fund managers globally. This extensive background in both strategy development and portfolio management makes him well-positioned to oversee Vatic's quantitative operations.
His academic profile underscores advanced technical qualifications. Borade holds a Ph.D. and M.S. in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology, as well as a B.Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay. This combination of elite engineering education and specialized quantitative finance experience aligns with Vatic's stated operating model of deploying traders, AI researchers, and technologists to develop autonomous trading agents and state-of-the-art investment software.
James Chiu, Founder and Chief Executive Officer of Vatic Investments, characterized the appointment as evidence of the firm's ability to attract top-tier talent and its ongoing investment in scaling operations. The hire signals Vatic's commitment to deepening its quantitative capabilities as the firm continues to expand its trading operations and leverage machine learning-driven strategies in systematic markets.
Borade arrives with 13 years of specialized experience in equity statistical arbitrage. Most recently, he served as Portfolio Manager at Engineers Gate, where he led the design and implementation of a medium-frequency research and trading system covering global equities markets. His prior experience includes seven years as Vice President in the equity statistical arbitrage group at D.E. Shaw & Co., one of the most prominent quantitative hedge fund managers globally. This extensive background in both strategy development and portfolio management makes him well-positioned to oversee Vatic's quantitative operations.
His academic profile underscores advanced technical qualifications. Borade holds a Ph.D. and M.S. in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology, as well as a B.Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay. This combination of elite engineering education and specialized quantitative finance experience aligns with Vatic's stated operating model of deploying traders, AI researchers, and technologists to develop autonomous trading agents and state-of-the-art investment software.
James Chiu, Founder and Chief Executive Officer of Vatic Investments, characterized the appointment as evidence of the firm's ability to attract top-tier talent and its ongoing investment in scaling operations. The hire signals Vatic's commitment to deepening its quantitative capabilities as the firm continues to expand its trading operations and leverage machine learning-driven strategies in systematic markets.
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