Sat, Oct 25, 2014
A A A
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

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t