38:
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29:
263:
By 2004, Schonfeld employed 1,200 traders with 700 on the proprietary side In 2005, the firm noted that the proprietary traders contribution to the firm's overall revenue declined from 98% five years ago to 60%. Schonfeld
Securities, the trading arm of Schonfeld's capital saw a decline in assets from
281:
that would manage the assets of Steven
Schonfeld. In the same year, Schonfeld helped fund the establishment of Quantbot Technologies to manage its assets. Quantbot Technologies is a quantitative firm founded by employees who were previously part of the statistical arbitrage proprietary trading group
385:
were in talks to establish a partnership where
Millennium would invest in Schonfeld. However in November, the two ended talks of a partnership. Schonfeld then proceeded cut 150 staff which was 15% of its workforce.
1522:
1512:
1527:
798:
424:"Inside the rise of Ryan Tolkin, the 34-year-old investing mastermind behind Schonfeld's transformation from family office to 600-employee hedge fund heavyweight"
1456:
867:
919:
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In 2015, Schonfeld announced that it would accept capital from investors outside the firm and changed its structure to a Multi-strategy hedge fund.
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502:
423:
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267:
In 2006, Schonfeld moved into algorithmic trading as it saw computer driven strategies were going to be faster than traditional trading.
545:
226:. Formed in 2015, Schonfeld continues the business that Steve Schonfeld established in 1988 – a family office pioneering in short-term,
1517:
1337:
323:
1037:
979:
233:
Schonfeld registered as an investment advisor with the SEC in
January 2016. As of 2021, Ryan Tolkin served as CEO and CIO.
365:, Schonfeld achieved an average return of roughly 20% in the previous six years which was almost double that of the
546:"Meet Ryan Tolkin, the 34-year-old behind Schonfeld's transformation from family office to hedge fund heavyweight"
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In
January 2022, Schonfeld established its Discretionary Macro & Fixed Income business.
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965:
351:
In
January 2016, Schonfeld began to manage third-party assets alongside its family office.
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In 2018, Schonfeld acquired Folger Hill Asset
Management, a hedge fund founded by
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37:
358:. One of the reasons for the acquisition was to help Schonfeld expand in Asia.
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In August 2021, Schonfeld launched its second headquarters in Miami, Florida.
1501:
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1362:
1249:
1234:
1115:
664:"The Return of The Day Trader: But Is Another Disaster Around the Corner?"
1239:
1179:
322:
that
Schonfeld has been fined at least twice during 2000 to 2005, by the
312:
277:
In 2009, Schonfeld switched from being a proprietary trading firm into a
246:
141:
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52:
799:"Schonfeld Strategic Advisors to acquire Folger Hill Asset Management"
311:(NYSE) fined Schonfeld and one of its officers $ 1.5 million for
1005:
355:
1159:
868:"Billionaire's Hedge Fund Offers Hefty Pay to Combat Talent Squeeze"
716:"Securities Firm Gets Hit With Fine For Violating Day-Trading Rules"
264:$ 2.5 billion in 2000 to $ 670 million four years later.
404:"Schonfeld Strategic Advisors fund doubles size of Wynwood office"
466:"Hedge fund expected to hire around 40 people for new macro fund"
372:
In
January 2021, Ryan Tolkin assumed the additional role of CEO.
503:"Homebody in a Hoodie: Hedge Fund Founder Builds Quant Paradise"
336:
In 2009, NYSE fined
Schonfeld $ 1.1 million for performing
327:
319:
957:
828:"Folger Hill Hedge Fund Teams Up With Schonfeld for Asia Push"
565:"Exclusive: Trading magnate Schonfeld to take outside capital"
343:
950:
920:"Schonfeld Cuts 15% of Staff After Exiting Millennium Talks"
270:
Schonfeld made $ 200 million off volatility during the
252:
The firm made $ 200 million in 2000 at the peak of the
28:
854:"Schonfeld Plans New Florida Hub as Hedge Funds Move South"
194:
689:"Quantbot hunts for brainpower to feed quantitative model"
633:"Wall Street's B-List Firms Trade on Bigger Rivals' Woes"
245:
firm in 1988 with $ 400,000 that he earned working as a
741:"Schonfeld Fined for Trades to Hide Capital Shortfalls"
1523:
Investment management companies of the United States
406:. South Florida Business Journal. February 23, 2023.
381:
In October 2023, it was reported that Schonfeld and
893:Agnew, Harriet; Aliaj, Ortenca (October 6, 2023).
218:(also known as Schonfeld and SSA) is an American
1513:Financial services companies established in 1988
1499:
770:"Hedge fund Folger Hill to merge with Schonfeld"
1528:Privately held companies based in New York City
661:
895:"How Schonfeld fell into Millennium's embrace"
973:
304:had taken action against Schonfeld 16 times.
1457:Alternative investment management companies
1434:Standards Board for Alternative Investments
344:Schonfeld Strategic Advisors (2015–present)
340:trades to hide capital shortfalls in 2005.
1482:
1338:Taxation of private equity and hedge funds
980:
966:
892:
324:National Association of Securities Dealers
36:
27:
630:
540:
538:
241:Steven Schonfeld founded Schonfeld as a
1508:1988 establishments in New York (state)
1500:
822:
820:
1038:fixed-income relative-value investing
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713:
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662:Editorial Staff (February 1, 2004).
631:Lucchetti, Aaron (August 12, 2009).
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714:Ewing, Terzah (December 23, 1999).
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707:
650:
615:
548:. Business Insider. July 22, 2021.
434:
421:
14:
1539:
1518:Hedge fund firms in New York City
942:
856:. Bloomberg Tax. August 17, 2021.
583:
552:
529:"Investment Adviser Firm Summary"
476:
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22:Schonfeld Strategic Advisors LLC
987:
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207:Footnotes / references
521:
396:
326:for violation of rules on the
256:but made losses following the
1:
389:
258:Stock market downturn of 2002
1312:security characteristic line
331:Small-order execution system
216:Schonfeld Strategic Advisors
165:US$ 13.8 billion (2023)
16:Hedge Fund based in New York
7:
1300:Capital asset pricing model
1019:Capital structure arbitrage
88:; 36 years ago
10:
1544:
1102:Commodity trading advisors
803:Pensions & Investments
272:2007–2008 financial crisis
236:
1447:
1439:Managed Funds Association
1421:
1383:High-net-worth individual
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1208:
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531:. SEC. December 31, 2015.
300:, between 1996 and 2009,
230:and algorithmic trading.
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189:
179:
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137:
127:
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100:
82:
72:
62:
50:
35:
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1276:Arbitrage pricing theory
1388:Institutional investors
1281:Assets under management
1106:managed futures account
309:New York Stock Exchange
297:The Wall Street Journal
146:Alternative investments
1413:Sovereign wealth funds
1185:High-frequency trading
1034:Fixed income arbitrage
361:In 2019, according to
307:In December 1999, the
284:Merrill Lynch & Co
1255:Structured securities
1071:Distressed securities
1043:Statistical arbitrage
1029:Equity market neutral
1024:Convertible arbitrage
383:Millennium Management
185:Quantbot Technologies
1373:Financial endowments
1318:Fundamental analysis
1066:Shareholder activism
1048:Volatility arbitrage
302:financial regulators
154:Quantitative finance
1487:List of hedge funds
1477:Hedge fund managers
1393:Insurance companies
1378:Fund of hedge funds
1286:Black–Scholes model
1200:Proprietary trading
1175:Algorithmic trading
1142:Fund of hedge funds
926:. November 16, 2023
637:Wall Street Journal
598:"Last Man Standing"
318:It was reported by
243:proprietary trading
171:Number of employees
23:
1343:Technical analysis
834:. November 6, 2016
695:. October 16, 2016
571:. October 21, 2015
509:. December 3, 2019
150:Systematic trading
113:590 Madison Avenue
77:Financial services
44:590 Madison Avenue
21:
1495:
1494:
1351:
1350:
1154:
1153:
1121:Long/short equity
1097:Convergence trade
1081:Special situation
747:. January 7, 2009
470:eFinancialCareers
422:Saacks, Bradley.
367:S&P 500 Index
290:Regulatory issues
213:
212:
133:Ryan Tolkin (CEO)
1535:
1485:
1484:
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1474:
1465:
1464:
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1454:
1398:Investment banks
1245:Foreign exchange
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1214:
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1002:
1001:
982:
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959:
958:
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953:
951:Official website
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805:. April 11, 2018
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776:. April 11, 2018
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668:Traders Magazine
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428:Business Insider
419:
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104:Steven Schonfeld
96:
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89:
42:Headquarters at
40:
31:
24:
20:
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1429:Fund governance
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1271:Absolute return
1259:
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1195:Program trading
1190:Prime brokerage
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1126:Trend following
1111:Dedicated short
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899:Financial Times
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874:. June 15, 2021
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472:. June 1, 2021.
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58:Schonfeld Group
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1403:Merchant banks
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1368:Family offices
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1328:Securitization
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1076:Risk arbitrage
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1011:relative value
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943:External links
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409:
394:
393:
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388:
363:Bloomberg News
345:
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338:Round-tripping
291:
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254:Dot-com bubble
238:
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1408:Pension funds
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1363:Vulture funds
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1294:delta neutral
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1146:Multi-manager
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832:Bloomberg.com
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279:family office
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1240:Fixed income
1116:Global macro
1058:Event-driven
930:November 18,
928:. Retrieved
923:
914:
902:. Retrieved
898:
888:
876:. Retrieved
871:
862:
848:
836:. Retrieved
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807:. Retrieved
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778:. Retrieved
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723:. Retrieved
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506:
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181:Subsidiaries
175:1,000 (2023)
109:Headquarters
63:Company type
18:
1467:Hedge funds
1230:Derivatives
1225:Commodities
1180:Day trading
1090:Directional
989:Hedge funds
904:October 16,
838:January 15,
809:January 15,
780:January 15,
751:January 15,
725:January 15,
699:January 15,
673:January 15,
642:January 15,
607:January 15,
575:January 15,
513:January 15,
313:day trading
247:stockbroker
142:Hedge funds
1502:Categories
1422:Governance
996:Investment
442:"Form ADV"
390:References
228:systematic
220:hedge fund
197:.schonfeld
129:Key people
53:Trade name
1356:Investors
1006:Arbitrage
356:Sol Kumin
282:(QSA) of
222:based in
998:strategy
878:June 20,
138:Products
121:New York
73:Industry
1218:Markets
1209:Related
1168:Trading
774:Reuters
569:Reuters
237:History
190:Website
101:Founder
91: (
83:Founded
67:Private
1290:Greeks
1235:Equity
602:Forbes
328:Nasdaq
320:Forbes
123:, U.S.
1333:Short
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