Steven Schonfeld, Ryan Tolkin, Andrew Fishman

Billionaire Steven Schonfeld’s hedge fund was quick to adopt algo-trading strategies and now has 75 portfolio managers across the world.
Schonfeld Strategic Advisors has been open to outside capital for just over three years and has bold aspirations — its chief investment officer says the goal is to be the premier equities hedge fund in the world.
The firm keeps to its roots, though, with 50 old-school traders still working in Long Island, roughly half of whom have been with the firm for more than 15 years.
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Schonfeld Strategic Advisors — the hedge fund that grew out of the fortune of billionaire trader Steven Schonfeld — has seemingly bold aspirations given it has been open to outside investors for just three years.

“Our goal is to be the premier equities hedge fund globally,” said Ryan Tolkin, Schonfeld’s chief investment officer, in an interview with Business Insider at the firm’s midtown Manhattan office.

A lofty target, but the firm’s ambitions might not be as much of a reach as they sound — it has been steadily adding strategies over the years, enjoys stable financial backing from its founder, and has demonstrated an ability to navigate …read more

Source:: Businessinsider – Finance


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