The firm also announced plans to increase its focus on the US market, which accounts for over 70% of the estimated $3.6 trillion hedge fund industry(1). One third of all hedge funds globally are estimated to incorporate quantitative strategies(2) and could benefit from SIGTech’s technology.
To support SIGTech’s geographical reach, Josh Diamant and Alex Caillol, CFA have joined the sales team. Both Josh and Alex have vast knowledge of quant technology and fintech that will add to SIGTech's local expertise in the US, UK and Europe.
Josh Diamant joins as Sales Director for North America and is the firm’s first US-based hire. Previously with Numerix, he sold quantitative and risk solutions to banks, hedge funds and asset managers and has also worked at a number of banks including Mitsubishi Securities, Barclays and MF Global. He graduated from the University of Michigan Ross Business School with high distinction.
Alex Caillol, CFA joins as Sales Director based in London and will develop the business in the UK, Europe and the Middle East. Previously with FactSet, Bloomberg and SS&C, he sold quantitative, performance and risk analytics solutions to global investment managers. Alex, a French national, has an MSc in Mathematics for Engineering, an MBA from Paris La Sorbonne and is a CFA and CAIA charter holder.
Bin Ren, Founder and CEO of SIGTech, said: “We have a very strong proposition for global investment managers in the quant space and have ambitious growth plans. We have made great in-roads since our launch and now plan to increase our focus on the US. We expect the global hedge fund industry to grow significantly over the coming years, with the majority managed by US-based fund managers.”
John McCann, Chief Sales Officer, SIGTech, said: “We are excited to expand our team with such high-calibre new hires like Alex and Josh. Our business has grown exponentially over the last year and we plan to expand even further in the US and APAC in 2021."
Notes to editor:
SIGTech analysis of Preqin data
SIGTech offers a future-proof quant trading platform to global investment managers. Cloud-hosted and Python-based, the platform integrates a next-gen backtest engine and analytics with curated datasets covering equity, rates, FX, commodity and volatility. SIGTech eliminates the expensive upfront costs of infrastructure build-out, giving clients an edge in alpha generation from day one.
The SIGTech platform was originally built over seven years to manage systematic investments at Brevan Howard which remains a SIGTech client today. After the spinoff into an independent company in 2019, the team has grown substantially and established SIGTech as the leading provider of quant technologies.