Hedge Fund and Insider Trading News: Kyle Bass, Paul Marshall, David Tepper, Argonaut Capital, Schonfeld Strategic Advisors, Dick's Sporting Goods Inc (DKS), Origin Materials, Inc. (ORGN), and More
American investor Kyle Bass is warning that U.S.
Schonfeld Strategic Advisors, a New York City-based hedge fund, was formed in 2015, continuing the business Steve Schonfeld started in 1988 with a focus on short-term, systematic, and algorithmic trading.
Ryan Tolkin, a Duke graduate, transformed Schonfeld from a family office into an $8.8 billion hedge fund. Known for his natural ability, extreme focus, and discipline, Tolkin's leadership has been pivotal. In high school, Tolkin was trading securities at a billionaire's family office; in college, he presented volatility research to a global asset manager. At 34 years old, he's the chief executive and chief investment officer of Schonfeld, praised for his intelligence, preparedness, and approachable nature.
Schonfeld Strategic Advisors now manages $89.7 billion in discretionary assets with 28 clients as of March 2024. Their latest 13F filing for Q1 2024 reported $15 billion in managed 13F securities, with a top 10 holdings concentration of 20.81%. The fund's largest holding is SPDR S&P 500 ETF Trust, with 2,305,708 shares.
