Global quantitative asset manager Millburn Ridgefield has hired Michael Soss as Deputy Chief Investment Officer, a newly-created role at the long-running systematic investment pioneer.

Global quantitative asset manager Millburn Ridgefield has hired Michael Soss as Deputy Chief Investment Officer, a newly-created role at the long-running systematic investment pioneer.

Soss joins from Point72 Asset Management in New York and Stamford, where he spent more than five years in a range of leading roles across risk and trading research. Most recently, Soss led the firm’s Fusion group, a quant trading division focused on internal alpha capture.

In his new role, Soss – who before Point72 had been an Executive Director at JP Morgan in New York, leading a redesign of its cross-asset algorithmic index infrastructure – reports to Millburn Ridgefield’s co-CEO and CIO Grant Smith.

He will share responsibility with Smith for management of Millburn’s systematic research and development functions, including system design, modelling, data management and execution.
 
Established in 1971, Millburn Ridgefield Corporation began as an early pioneer of traditional trend-following investing in the 1970s before evolving into a leading practitioner of machine learning quantitative investment approaches during the past decade across a range of markets and strategies, with more than USD6 billion in assets.

Grant Smith said Soss will play a key role at Millburn. “We think his deep quantitative knowledge, both theoretical and put to practical use, will be an immense asset to Millburn and our investors as we continue to explore and expand into new investment strategies, asset classes and technologies,” Smith said.

Soss, who earlier in his career had been head of equities at SECOR Asset Management, and a trader and co-head of equity systematic trading at Goldman Sachs, added: “What really drew me to Millburn is the team’s fifty years of success in quantitative investing combined with a drive for constant improvement. The energy is obvious, and it’s an exciting time for the firm.”