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.
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Simplify's take
What believers are saying
- AltStreet records $21.6 million sold to seven investors in June 2024.
- The firm’s niche trading stack keeps overhead light and talent requirements scarce.
- Institutional clients still value risk-adjusted, market-neutral strategies during volatile equity regimes.
What critics are saying
- SEC IAPD lists registration terminated January 29, 2025, ending registered adviser operations.
- The 2025 final 13F says Seven Eight Capital de-registered and lost discretionary authority.
- Without active advisory registration, client assets and fee revenue can disappear immediately.
What makes Seven Eight Capital unique
- Seven Eight Capital built systematic equity stat-arb with advanced mathematical models and speed.
- Its 2025 final 13F shows a zero-holdings wind-down, signaling disciplined capital management.
- Stephen Cash and cofounders came from Carnegie Mellon’s computational finance pipeline.
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