Seven Eight Capital

Seven Eight Capital

Quantitative hedge fund using statistical arbitrage

Overview

Seven Eight Capital is a hedge fund that uses quantitative trading and statistical arbitrage to profit from small price differences in financial markets. It builds and runs computer models and algorithms to analyze large data sets and execute trades quickly, targeting inefficiencies across stocks, bonds, and derivatives in the U.S. and Europe. The company serves institutional clients like family offices and other hedge funds, differentiating itself through a highly educated team (85%+ with advanced degrees) and founder Stephen Cash’s background in major banks and WorldQuant, which supports complex mathematical strategies. The goal is to generate consistent returns by exploiting market inefficiencies regardless of market conditions.

About Seven Eight Capital

Simplify's Rating
Why Seven Eight Capital is rated
D+
Rated D+ on Competitive Edge
Rated D+ on Growth Potential
Rated D+ on Differentiation

Industries

Quantitative Finance

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

2012

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Simplify's Take

What believers are saying

  • Seven Eight's founders still market deep quant credibility on its 2025 website.
  • Institutional allocators value its risk-controlled, statistical-arbitrage equity specialization.
  • Public profiles still connect Seven Eight to Carnegie Mellon and top systematic employers.

What critics are saying

  • Business Insider reported December 2024 winding down, with most staff cut after redemptions.
  • Blackstone and CPP Investments redeemed capital; Schonfeld cut ties and pulled funding.
  • If remaining SMA work fails, Seven Eight loses scale, recruiting power, and relevance.

What makes Seven Eight Capital unique

  • Stephen Cash and Adrian Sisser bring Lehman, BofA, and WorldQuant pedigrees.
  • Seven Eight built systematic, high-turnover equity trading with a Python-centric quant stack.
  • The firm spun out of Schonfeld in 2023, proving multi-manager portability.

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Benefits

Health: Medical and dental insurance

4 weeks PTO

Modern office: snack/refreshment station, gaming area, gym and wellness rooms

Hybrid work policy

Biweekly lunch and learns

Company social and team-building events

Company News

MarketBeat
Dec 5th, 2024
Vestis Co. (NYSE:VSTS) Shares Sold by Redwood Investment Management LLC

Finally, Seven Eight Capital LP purchased a new stake in Vestis in the 2nd quarter worth approximately $1,627,000.

ETFDailyNews.com
Sep 24th, 2024
Seven Eight Capital LP Invests $110,000 in Weibo Co. (NASDAQ:WB)

Seven Eight Capital LP invests $110,000 in Weibo Co. (NASDAQ:WB).

ETFDailyNews.com
Sep 24th, 2024
Seven Eight Capital LP Makes New $224,000 Investment in Silicon Motion Technology Co. (NASDAQ:SIMO)

Seven Eight Capital LP makes new $224,000 investment in Silicon Motion Technology Co. (NASDAQ:SIMO).

ETFDailyNews.com
Sep 24th, 2024
Seven Eight Capital LP Invests $252,000 in FirstEnergy Corp. (NYSE:FE)

Seven Eight Capital LP invests $252,000 in FirstEnergy Corp. (NYSE:FE).

ETFDailyNews.com
Sep 24th, 2024
Seven Eight Capital LP Invests $246,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Seven Eight Capital LP invests $246,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR).

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