Billionaire Steven Schonfeld poaches a top quant from Glenn Dubin's Engineers Gate to run a new fund

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Ricky Shi, who has a doctorate in machine learning, is joining Schonfeld Strategic Advisors to run a new quant fund, sources tell Business Insider.

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Schonfeld's fund has expanded into Asia and Europe recently, primarily through its acquisition of hedge fund Folger Hill in 2018. Shi joined Engineers Gate, which was founded by Dubin in 2014, as one of the firm's first employees, according to his LinkedIn profile, working as a quant trader and analyst at first. Dubin, who made his fortune off Highbridge Capital which he co-founded with Henry Swieca and eventually sold to JPMorgan. Engineers Gate currently runs more than $2 billion in assets, according to regulatory filings.

 

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