Latest news with #quantitativefinance
Bloomberg
11 hours ago
- Business
- Bloomberg
Quant Firm's $1 Billion Code Is Focus of Rare Criminal Case
Markets The Big Take The prosecution of a trader could define how a quant algorithm can become stolen property and have a huge impact on Wall Street's talent war.
National Post
12-05-2025
- Business
- National Post
Polar Asset Management Partners Acquires Castlefield Associates Inc.
Article content TORONTO — Polar Asset Management Partners Inc. ('Polar'), a leading multi-strategy hedge fund manager based in Toronto, today announced that it acquired Castlefield Associates Inc. ('Castlefield'). Castlefield is a relative value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners. Article content Article content Over the past six years, Mr. Schindler and the Castlefield team have developed a compelling quantitative and relative value strategy which is complementary to Polar's existing strategy set. In addition to welcoming the Castlefield team, Polar looks forward to continuing to develop a new systematic strategy vertical. Article content Prior to founding Castlefield, Mr. Schindler spent 18 years at the Ontario Teachers' Pension Plan ('OTPP'). While at OTPP, he helped develop and run the Global Systematic Investing ('GSI') team, which applied over fifty unique quantitative/systematic models to identify investment opportunities in the main liquid futures markets (equities, fixed income, currencies, commodities) as well cash equities and volatility products. Article content 'We are pleased to welcome Chris and the Castlefield team to Polar. We have closely followed Castlefield's development over the past six years and believe they have developed a unique systematic offering. We look forward to continuing to refine and grow the strategy,' said Greg Lemaich, President and Chief Executive Officer of Polar. Article content 'Polar is a leader and an innovator in alternative asset management. Polar's unique platform, approach to its business, and its track record of attracting and welcoming new talent, were key factors in our decision to join the firm,' said Chris Schindler, founder and Chief Executive Officer of Castlefield. Article content Castlefield is a systematic alternative investment manager. Castlefield's flagship Alpha Program seeks to deliver investors returns that are uncorrelated to traditional and alternative betas by exploiting the crowdedness, relative riskiness, and positioning imbalances in the alternative risk premia space. Article content Based in Toronto and founded in 1991, Polar is a global alternative asset manager. Polar focuses on niche-oriented strategies which have attracted investors from around the world. As of December 31, 2024 Polar managed US$6.1 billion across four primary offerings: the flagship Polar Multi-Strategy Fund, a US equity long/short strategy known as Polar Long/Short Fund, Polar Micro-Cap Fund, and Polar CRS Fund-1. For more information visit: Article content Article content Article content Contacts Article content Article content
Yahoo
10-05-2025
- Business
- Yahoo
NVIDIA Corporation (NVDA): Among Billionaire Quants' Two Sigma's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other billionaire quants' two sigma's stock picks with huge upside potential. is one of the leading players in the quantitative hedge fund space, according to Archive Market Research's analysis. The quant fund operates as an investment management company and was founded in 2001 by David Siegel, a computer scientist, and John Overdeck, a mathematician. The fund manages $60 billion worth of assets as of April 2025. Quant funds and their multi-strategy counterparts often do well in the market. A Reuters analysis found that many quant hedge funds posted double-digit growth in 2024. This growth happened despite 'negative drivers' in sectors like energy, metals, and European equities. Two Sigma, alongside quant funds like D.E. Shaw and Citadel, also managed solid performance last year. The hedge fund's Spectrum Fund returned 10.9% and 14.3% for the Absolute Return Enhanced Fund. But one might argue that for a hedge fund that relies on complex algorithms to make investment decisions, the asset manager should have beat the market. For context, the S&P 500 finished 2024 with a total gain of 25.0%. READ ALSO: Billionaire Ray Dalio's Bridgewater's 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli's 10 Large-Cap Stock Picks with Huge Upside Potential. In August last year, the billionaire founders of the hedge fund exited from active management because they couldn't resolve tension between them. 'Over the past year and a half, we and our senior management team have dedicated significant effort to securing the long-term success and stability of Two Sigma. Throughout this process, our own roles have been a central consideration. Today, we are confident that stepping back from our day-to-day management roles is the right decision at this time,' the co-founders said in a letter to investors. But recent reports indicate that Overdeck is returning to active management. 'John has determined now is the right time for him to return to this role in order to progress certain priorities and decisions he believes are important to the future of Two Sigma,' Two Sigma said in a letter. Siegel chose to remain outside of the fund's top ranks but had 'full confidence' in Scott Hoffman, one of the Co-CEOs who took over last year. It is good news that Two Sigma won't be held back by feuding management because they need it to navigate a challenging market. According to a Reuters analysis, the risk of recession is alarming, even though it may not be as clear-cut. The report quoted Zurich Insurance Group's chief market strategist, Guy Miller, who said that the risk of a US recession is quite plausible. 'Recession risks have risen markedly even if there are some deals struck on tariffs. The risk of a U.S. recession is 50-50, it's that close.' We sifted through Two Sigma Advisors' SEC Q4 2024 13F filings to create this list. We primarily targeted the fund's most valuable equity holdings (excluding ETFs and options) and then ranked the picks based on analyst price targets as of May 8, 2025. We picked stocks with an upside potential of at least 30% and then selected the top 10. We have also added the broader hedge fund sentiment for the stocks, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a colorful high-end graphics card being plugged in to a gaming Corporation (NASDAQ:NVDA) is the world's leading designer of graphics processing units (GPUs) and the dominant provider of chips powering the AI revolution. The company's products span gaming, professional visualization, data centers, and automotive markets. The semiconductor giant, currently valued at $2.86 trillion (May 8, 2025), is reeling from the effects of the ongoing trade restrictions. On May 6, 2025, CEO Jensen Huang expressed concerns about being locked out of China's AI market. He estimated that the market could reach $50 billion in the next two to three years and that it's a 'tremendous loss' missing out on it. Last month, the Trump administration restricted the shipment of NVIDIA Corporation's (NASDAQ:NVDA) H20 chips to China without a license, leading to a $5.5 billion quarterly charge. Adding to the complexity, on May 7, 2025, Bloomberg reported that the Trump administration plans to rescind some Biden-era AI chip curbs. However, the government will maintain measures targeting China, potentially reshaping global semiconductor trade restrictions. Despite these headwinds, institutional investors continue to show strong interest in NVIDIA Corporation (NASDAQ:NVDA). ARK Invest recently purchased 107,661 shares valued at $12,223,829. On May 5, 2025, Piper Sandler reaffirmed its Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) stock, maintaining a $150.00 price target. The firm cited a sensitivity analysis that it did on NVIDIA's (NASDAQ:NVDA) data center revenues to assess the potential impacts of a capital expenditure slowdown. It found that approximately 6.45% of the company's total data center revenue could be at risk, potentially affecting earnings per share by roughly $0.40. Overall, NVDA ranks 3rd on our list of billionaire quants' two sigma's stock picks with huge upside potential. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
BILL Holdings, Inc. (BILL): Among Billionaire Quants' Two Sigma's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where BILL Holdings, Inc. (NYSE:BILL) stands against other billionaire quants' two sigma's stock picks with huge upside potential. is one of the leading players in the quantitative hedge fund space, according to Archive Market Research's analysis. The quant fund operates as an investment management company and was founded in 2001 by David Siegel, a computer scientist, and John Overdeck, a mathematician. The fund manages $60 billion worth of assets as of April 2025. Quant funds and their multi-strategy counterparts often do well in the market. A Reuters analysis found that many quant hedge funds posted double-digit growth in 2024. This growth happened despite 'negative drivers' in sectors like energy, metals, and European equities. Two Sigma, alongside quant funds like D.E. Shaw and Citadel, also managed solid performance last year. The hedge fund's Spectrum Fund returned 10.9% and 14.3% for the Absolute Return Enhanced Fund. But one might argue that for a hedge fund that relies on complex algorithms to make investment decisions, the asset manager should have beat the market. For context, the S&P 500 finished 2024 with a total gain of 25.0%. READ ALSO: Billionaire Ray Dalio's Bridgewater's 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli's 10 Large-Cap Stock Picks with Huge Upside Potential. In August last year, the billionaire founders of the hedge fund exited from active management because they couldn't resolve tension between them. 'Over the past year and a half, we and our senior management team have dedicated significant effort to securing the long-term success and stability of Two Sigma. Throughout this process, our own roles have been a central consideration. Today, we are confident that stepping back from our day-to-day management roles is the right decision at this time,' the co-founders said in a letter to investors. But recent reports indicate that Overdeck is returning to active management. 'John has determined now is the right time for him to return to this role in order to progress certain priorities and decisions he believes are important to the future of Two Sigma,' Two Sigma said in a letter. Siegel chose to remain outside of the fund's top ranks but had 'full confidence' in Scott Hoffman, one of the Co-CEOs who took over last year. It is good news that Two Sigma won't be held back by feuding management because they need it to navigate a challenging market. According to a Reuters analysis, the risk of recession is alarming, even though it may not be as clear-cut. The report quoted Zurich Insurance Group's chief market strategist, Guy Miller, who said that the risk of a US recession is quite plausible. 'Recession risks have risen markedly even if there are some deals struck on tariffs. The risk of a U.S. recession is 50-50, it's that close.' We sifted through Two Sigma Advisors' SEC Q4 2024 13F filings to create this list. We primarily targeted the fund's most valuable equity holdings (excluding ETFs and options) and then ranked the picks based on analyst price targets as of May 8, 2025. We picked stocks with an upside potential of at least 30% and then selected the top 10. We have also added the broader hedge fund sentiment for the stocks, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A group of finance professionals hard at work in an office, signifying accounts payable and accounts Holdings, Inc. (NYSE:BILL) is a financial operations platform for small and midsize businesses (SMBs). The company provides a suite of software solutions (BILL Platform, Divvy, Invoice2go, and BILL Pay) that help SMBs manage their accounts payable, accounts receivable, expense management, and other financial workflows through a single integrated platform. In Q2 fiscal 2025, BILL Holdings, Inc.'s (NYSE:BILL) total revenue increased 14% year-over-year to $362.6 million. Core revenue, which consists of subscription and transaction fees, grew even faster at 16% year-over-year to reach $319.6 million. The company's customer base expanded to 481,300 businesses as of the quarter end, processing $84 billion in total payment volume, up 13% from the previous year. In late April 2025, the company revealed that Xero, a global small business platform, would leverage BILL Holdings, Inc.'s (NYSE:BILL) technology to launch US online bill payments. This integration allows SMBs to pay bills without leaving the Xero platform. The integration addresses a critical need as Xero's research found that 38% of SMBs struggle with tracking due dates and 20% cite difficulties managing and paying bills in one place. On April 30, 2025, KeyBanc adjusted its price target for BILL Holdings, Inc. (NYSE:BILL) to $60 from $70 while maintaining an Overweight rating. The firm cited 'modestly softer spend' anticipated in the second half of 2025. Overall, BILL ranks 10th on our list of billionaire quants' two sigma's stock picks with huge upside potential. While we acknowledge the potential of BILL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BILL but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Upstart Holdings, Inc. (UPST): Among Billionaire Quants' Two Sigma's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Upstart Holdings, Inc. (NASDAQ:UPST) stands against other billionaire quants' two sigma's stock picks with huge upside potential. is one of the leading players in the quantitative hedge fund space, according to Archive Market Research's analysis. The quant fund operates as an investment management company and was founded in 2001 by David Siegel, a computer scientist, and John Overdeck, a mathematician. The fund manages $60 billion worth of assets as of April 2025. Quant funds and their multi-strategy counterparts often do well in the market. A Reuters analysis found that many quant hedge funds posted double-digit growth in 2024. This growth happened despite 'negative drivers' in sectors like energy, metals, and European equities. Two Sigma, alongside quant funds like D.E. Shaw and Citadel, also managed solid performance last year. The hedge fund's Spectrum Fund returned 10.9% and 14.3% for the Absolute Return Enhanced Fund. But one might argue that for a hedge fund that relies on complex algorithms to make investment decisions, the asset manager should have beat the market. For context, the S&P 500 finished 2024 with a total gain of 25.0%. READ ALSO: Billionaire Ray Dalio's Bridgewater's 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli's 10 Large-Cap Stock Picks with Huge Upside Potential. In August last year, the billionaire founders of the hedge fund exited from active management because they couldn't resolve tension between them. 'Over the past year and a half, we and our senior management team have dedicated significant effort to securing the long-term success and stability of Two Sigma. Throughout this process, our own roles have been a central consideration. Today, we are confident that stepping back from our day-to-day management roles is the right decision at this time,' the co-founders said in a letter to investors. But recent reports indicate that Overdeck is returning to active management. 'John has determined now is the right time for him to return to this role in order to progress certain priorities and decisions he believes are important to the future of Two Sigma,' Two Sigma said in a letter. Siegel chose to remain outside of the fund's top ranks but had 'full confidence' in Scott Hoffman, one of the Co-CEOs who took over last year. It is good news that Two Sigma won't be held back by feuding management because they need it to navigate a challenging market. According to a Reuters analysis, the risk of recession is alarming, even though it may not be as clear-cut. The report quoted Zurich Insurance Group's chief market strategist, Guy Miller, who said that the risk of a US recession is quite plausible. 'Recession risks have risen markedly even if there are some deals struck on tariffs. The risk of a U.S. recession is 50-50, it's that close.' We sifted through Two Sigma Advisors' SEC Q4 2024 13F filings to create this list. We primarily targeted the fund's most valuable equity holdings (excluding ETFs and options) and then ranked the picks based on analyst price targets as of May 8, 2025. We picked stocks with an upside potential of at least 30% and then selected the top 10. We have also added the broader hedge fund sentiment for the stocks, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a businesswoman using a laptop, being illuminated by the AI-enabled cloud interface sponsored by the Holdings, Inc. (NASDAQ:UPST) is a financial technology company. The company uses AI to make lending smarter and more inclusive. Its platform offers personal loans, automotive retail and refinance loans, and home equity lines of credit. Upstart's (NASDAQ:UPST) Q1 2025 revenue surged to $213 million, up 67% year-over-year. The company originated 240,706 loans during the quarter (up 102% year-over-year), with total originations exceeding $2.1 billion. Adjusted EBITDA reached $42.6 million, compared to a loss of $20.3 million in Q1 2024, and the adjusted EBITDA margin increased to 20% from -16% in the previous year. On May 6, 2025, Upstart Holdings, Inc. (NASDAQ:UPST) announced a $1.2 billion forward-flow commitment with Fortress Investment Group. The latter has agreed to purchase up to $1.2 billion of consumer loans originated on the Upstart platform through March 2026. Additionally, on April 30, 2025, Lake Trust Credit Union, which serves 200,000 members across Michigan with over $2.5 billion in assets, announced its partnership with Upstart (NASDAQ:UPST) to offer personal loans to more consumers. Lake Trust began lending as a partner on the Upstart Referral Network in January 2025. Despite these positive developments, Citi analysts recently reduced their price target for Upstart Holdings, Inc. (NASDAQ:UPST) to $83 from $108, while maintaining a Buy rating. The revision, Citi notes, is based on the 'uncertainties related to the macroeconomic environment in the second half of 2025 and the current risk-averse sentiment in the market.' Overall, UPST ranks 4th on our list of billionaire quants' two sigma's stock picks with huge upside potential. While we acknowledge the potential of UPST as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UPST but that trades at less than 5 times its earnings check out our report about this READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
