Full-Time
Posted on 8/6/2025
Manages capital via diversified trading strategies
$90k - $120k/yr
New York, NY, USA
In Person
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Schonfeld Strategic Advisors runs a multi-manager platform that allocates capital to internal and partner portfolio managers across four main trading approaches: quantitative, fundamental equity, tactical trading, and discretionary macro with fixed income. It gives global portfolio managers autonomy, flexibility, and support to grow their businesses. Over about 30 years, Schonfeld has used proprietary technology, infrastructure, and risk analytics to spot market inefficiencies and opportunities. Its investments cover the Americas, Europe, and Asia and span multiple asset classes. In 2021, it added a discretionary macro & fixed income strategy to broaden its investible universe. The firm serves institutional investors and high-net-worth individuals seeking diversified strategies with strong risk management. Its goal is to generate returns by combining disciplined investment processes with advanced analytics and broad global exposure while actively managing risk.
Company Size
201-500
Company Stage
N/A
Total Funding
$1.5B
Headquarters
New York City, New York
Founded
1988
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Performance Bonus
Professional Development Budget
Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.
Quantitative hedge funds have experienced a difficult start to 2026, with the average quant down 1% through mid-January, according to Goldman Sachs. Renaissance Technologies' two largest funds lost roughly 4% each through 9 January, whilst Schonfeld's quant-only strategy fell 3.9% through 16 January. Engineers Gate was down around 6% midway through the month. The losses, primarily driven by choppy US equities markets amid trade proposals from the Trump administration, represent the worst stretch since early October. Funds crowding into similar trades have also hurt returns. Performance on 16 January proved especially challenging for many quant managers. The poor start echoes difficulties from 2025, when the average quant returned 7.7%, underperforming both the average hedge fund and the S&P 500.
Schonfeld Strategic Advisors is backing a London-based startup that gives investors access to India’s equity markets by allocating to hedge funds in the South Asian country.
Schonfeld hires top Citadel exec Andrew Philipp to bolster senior ranks. Alex morrell new follow authors and never miss a story! * Schonfeld has hired Citadel CFO Andrew Philipp as co-president, per an internal memo. * Philipp, a former Goldman Sachs partner, will share the title with current president Andrew Fishman. * Schonfeld has bolstered its senior ranks this year to better compete with the industry's top funds. Schonfeld is adding more firepower to its senior ranks as the firm eyes further expansion in the highly competitive multi-strategy hedge fund space. The NY-based hedge fund, which manages about $17 billion, has hired Andrew Philipp, the chief financial officer of hedge fund giant Citadel and its sister trading firm Citadel Securities, as co-president, according to an internal memo from CEO Ryan Tolkin that was seen by Business Insider. "Andrew, currently the Chief Financial Officer of Citadel and Citadel Securities, will play a crucial leadership role at the firm as we continue to scale strategically, partnering closely with me, our current President Andrew Fishman and other senior leaders, while also acting as an ambassador to clients, major counterparties and talent," the memo, sent to employees Sunday evening, reads. Philipp, 43, is leaving Citadel after four years and will start the new role in September 2026. He will share responsibilities with Fishman, 66, who is staying on as co-president, according to the memo. Fishman joined Schonfeld in 2000 and has been president since 2004. Representatives for Schonfeld and Citadel declined to comment. Philipp's team at Citadel will report to COO Gerald Beeson in the interim until the firm hires a replacement, according to a person familiar with the matter. Beeson previously served as CFO for 18 years, prior to Philipp's arrival. Landing one of the hedge fund industry's top young executives is a win for Schonfeld and marks the latest major C-suite hire as Tolkin aims to fortify the firm's position and better compete with industry heavyweights such as Millennium and Citadel. This summer, Schonfeld hired Michael Grad, former head of business development at BlueCrest, as its chief investment initiatives officer, and Tracy Backofen, a longtime leader at Goldman Sachs, as global head of human capital management. Philipp began his career as a trader at Goldman Sachs, where he spent 16 years, rising to the position of partner and holding titles such as global chief market risk officer and chief risk officer for EMEA. He joined Citadel in 2021. "His hire is a continuation of our multi-year efforts to enhance the depth and breadth of our senior leadership team, to support the growth and increasing complexity of our business," Tolkin said in the memo. Schonfeld's rapid ascent earlier in the decade stalled in 2023, when a string of losses and investor outflows pushed the firm to scale back and briefly weigh a potential tie-up with Izzy Englander's Millennium. Tolkin has long envisioned Schonfeld operating in the same league as Millennium and Ken Griffin's Citadel. The firm regained its footing in 2024, delivering a 19.7% gain in its flagship Partners fund - outpacing many competitors. The fund was up 1.4% for November and 10% year-to-date, while its Fundamental Equity fund returned 1.7% and 13.6%, respectively, over the same time periods, according to a person familiar with the figures. Read next. Business Insider tells the innovative stories you want to know.
Schonfeld Strategic Advisors' Quant Fund has raised $1.7 billion, with contributions from investors in Asia, the Middle East, and North America. Notable contributors include Blackstone Inc., Canada Pension Plan Investment Board, and Morgan Stanley’s fund of funds business. The investors include sovereign wealth funds, pension funds, and asset managers.