Key Takeaways
- • Millburn Ridgefield, the Established-1971 quantitative manager with more than USD6 billion in assets, hired Michael Soss as Deputy Chief Investment Officer, a newly created role, according to Hedgeweek.
- • Soss joins from Point72 Asset Management, where he spent more than five years in risk and trading research and most recently led the Fusion group, a quant trading division focused on internal alpha capture.
- • Soss reports to co-CEO and CIO Grant Smith and shares responsibility for systematic research and development, including system design, modelling, data management and execution.
- • Soss previously was an Executive Director at JP Morgan, where he led a redesign of its cross-asset algorithmic index infrastructure, and earlier held roles at SECOR Asset Management and Goldman Sachs.
Summary
Global quantitative asset manager Millburn Ridgefield has hired Michael Soss as Deputy Chief Investment Officer, a newly created role at the firm, according to Hedgeweek. Millburn, established in 1971, began as an early practitioner of traditional trend-following investing in the 1970s and has in the past decade evolved into a leading practitioner of machine learning quantitative approaches across a range of markets and strategies. The firm manages more than USD6 billion in assets.
Soss joins from Point72 Asset Management in New York and Stamford, where he spent more than five years in a range of leading roles across risk and trading research. Most recently he led the firm's Fusion group, a quant trading division focused on internal alpha capture. Before Point72, he was an Executive Director at JP Morgan in New York, where he led a redesign of the bank's cross-asset algorithmic index infrastructure. Earlier in his career he was head of equities at SECOR Asset Management and a trader and co-head of equity systematic trading at Goldman Sachs.
In the new role, Soss reports to Millburn co-CEO and CIO Grant Smith and shares responsibility with him for the management of Millburn's systematic research and development functions, including system design, modelling, data management and execution. Smith said Soss's "deep quantitative knowledge, both theoretical and put to practical use, will be an immense asset to Millburn and our investors as we continue to explore and expand into new investment strategies, asset classes and technologies." Soss said the firm's "fifty years of success in quantitative investing combined with a drive for constant improvement" drew him to Millburn.
Soss joins from Point72 Asset Management in New York and Stamford, where he spent more than five years in a range of leading roles across risk and trading research. Most recently he led the firm's Fusion group, a quant trading division focused on internal alpha capture. Before Point72, he was an Executive Director at JP Morgan in New York, where he led a redesign of the bank's cross-asset algorithmic index infrastructure. Earlier in his career he was head of equities at SECOR Asset Management and a trader and co-head of equity systematic trading at Goldman Sachs.
In the new role, Soss reports to Millburn co-CEO and CIO Grant Smith and shares responsibility with him for the management of Millburn's systematic research and development functions, including system design, modelling, data management and execution. Smith said Soss's "deep quantitative knowledge, both theoretical and put to practical use, will be an immense asset to Millburn and our investors as we continue to explore and expand into new investment strategies, asset classes and technologies." Soss said the firm's "fifty years of success in quantitative investing combined with a drive for constant improvement" drew him to Millburn.
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