Glenn Dubin’s family office prepares to seed quant firm from SAC, Citadel pros

By Simone Foxman

Fri Mar 28, 2014

Flood of new ventures from SAC veterans continues.

The family office of former Highbridge Capital Management co-founder and chairman Glenn Dubin is in negotiations to enter its first seed deal backing a quantitatively-driven equity fund with capital managed by, among others, portfolio managers from Citadel and SAC Capital Advisors.

An executive for Dubin & Co. confirmed that a deal was in process, but that the terms, including the size of the allocation, had not been finalized. The new firm will launch with only partner and seed capital, and has no plans to raise outside capital for the foreseeable future, the executive said. Portfolio managers at the new firm, Engineers Gate, include Yuriy Nevmyvaka, Michael Kearns, and Matthew Cushman. Nevmyvaka and Kearns ran a quantitative trading team at SAC. Matthew Cushman managed a quantitative strategy at Citadel Securities. Zhihong Huang, the new firm’s chief operating officer, also hails from SAC.

The Engineers Gate Fund I will operate two quantitative...

ISSN: 2151-1845 / CDC10004H

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