Key Takeaways
- • Jean Gabriel Prince has joined Marto Capital as head of quantitative research after nearly two years as a senior quantitative researcher at Tudor Investment Corporation, which he left after being let go earlier in 2017.
- • Marto Capital was launched in 2015 by Katina Stefenova, a former Bridgewater Associates executive who spent nine years at the firm in various senior roles.
- • Marto only began managing external capital after a $100m cash injection in March 2017, according to Institutional Investor, and employs around 30 people.
- • Tudor cut roughly 15% of its headcount last year as it reportedly shifts toward computer-driven tools that replicate its best portfolio managers' approaches.
- • The hire reflects broader demand for quant talent, as hedge funds move toward systematic strategies and third-party data; Point 72 recently hired Citadel's Jerrell Watts as head of algorithmic trading.
Summary
Jean Gabriel Prince has joined Marto Capital as head of quantitative research, according to eFinancialCareers. Prince spent nearly two years at Tudor Investment Corporation, Paul Tudor Jones's hedge fund, where he was brought in as a senior quantitative researcher to develop a macro trading strategy in Python and built a systematic macro strategy during his tenure. He was let go by Tudor earlier in 2017. Before Tudor, he spent eight years at BlackRock as a volatility strategy portfolio manager within the firm's $15bn absolute return multi-asset fund, and he moved to New York for the Tudor role.
Marto Capital was launched in 2015 by Katina Stefenova, who worked at Bridgewater Associates in various senior roles over nine years. Although the firm began operations two years before the hire, it only started managing external capital after a $100m cash injection in March, according to Institutional Investor. Marto describes its approach as systematic, drawing on Stefenova's technology experience at Bridgewater, and says it uses "science and technology to redesign the investment process." The firm has about 30 employees and has been hiring this year since it began taking outside money.
The move comes as Tudor reportedly cut around 15% of its headcount last year and may be shifting toward computer-driven tools that imitate its best portfolio managers, per the original report. The article also places the hire within a wider industry trend in which more hedge funds are adopting systematic approaches and using large volumes of third-party data, lifting demand for quant skills. Last month, Point 72 Asset Management hired Jerrell Watts, formerly head of algorithmic execution and order routing at Citadel, as its head of algorithmic trading.
Marto Capital was launched in 2015 by Katina Stefenova, who worked at Bridgewater Associates in various senior roles over nine years. Although the firm began operations two years before the hire, it only started managing external capital after a $100m cash injection in March, according to Institutional Investor. Marto describes its approach as systematic, drawing on Stefenova's technology experience at Bridgewater, and says it uses "science and technology to redesign the investment process." The firm has about 30 employees and has been hiring this year since it began taking outside money.
The move comes as Tudor reportedly cut around 15% of its headcount last year and may be shifting toward computer-driven tools that imitate its best portfolio managers, per the original report. The article also places the hire within a wider industry trend in which more hedge funds are adopting systematic approaches and using large volumes of third-party data, lifting demand for quant skills. Last month, Point 72 Asset Management hired Jerrell Watts, formerly head of algorithmic execution and order routing at Citadel, as its head of algorithmic trading.
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