Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

D. E. Shaw Group strengthens its macro investing unit with two senior economist hires

Thursday, March 07, 2013
Opalesque Industry Update: The D. E. Shaw group, a global investment and technology development firm, announced today that Ángel Ubide, Ph.D. and Brian Sack, Ph.D. have joined as Senior Vice Presidents and Co-Directors of Global Economics in the D. E. Shaw group’s discretionary macro investing unit. Max Stone, a Managing Director and member of the firm’s five-person Executive Committee, oversees that unit.

“We’re incredibly excited to welcome Ángel and Brian to our team,” said Mr. Stone. “Our macro team casts a wide net in terms of asset class and geography, and having these two talented individuals’ insights strengthens our capabilities in several dimensions as we source and analyze trades in global markets.”

Dr. Ubide joined the firm from Tudor Investment Corporation, where he was director of global economics. Prior to his tenure of more than a decade at Tudor, Dr. Ubide served as a staff economist at the International Monetary Fund and as an associate at McKinsey & Company. He is also currently a Senior Fellow at the Peterson Institute for International Economics. Dr. Ubide will split his time between the firm’s Washington, D.C. and New York City offices.

Dr. Sack joined from the Federal Reserve Bank of New York (“FRBNY”), where he was an executive vice president and served as a special adviser to the bank’s president. From mid-2009 to 2012, he served as head of the FRBNY’s Markets Group and managed the Federal Reserve’s System Open Market Account portfolio. Previously, Dr. Sack was with Macroeconomic Advisers, and before that he served for six years at the Board of Governors of the Federal Reserve System, where he last was head of the Monetary and Financial Market Analysis section. Dr. Sack will split his time between the firm’s Boston and New York City offices.

D.E. Shaw

Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko