Launches & Closures Hedge Funds

Ray Iwanowski's SECOR preps macro funds

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The former Goldman quant co-chief has hired several former colleagues to manage the new strategy.

SECOR Asset Management, the new advisory and investment management firm launched by Ray Iwanowski and Tony Kao, is planning to roll out systematic macro hedge funds in the beginning of 2012, according to people familiar with the firm’s plans.

Iwanowski, who was previously co-head of the Quantitative Investment Strategies group at Goldman Sachs Asset Management, will be managing the funds and has already hired a slew of former GSAM portfolio managers and traders to work for him. The fund launches will be part of the Alpha Strategies business line of SECOR, which will implement quantitative macro strategies across