Igor Tulchinsky | |
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 Speaking at the 2023 World Economic Forum | |
| Born | 1966 (age 56–57) Minsk, Belarus |
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| Occupation(s) | Investor, writer, philanthropist |
Igor Tulchinsky (born 1966) is an investor, entrepreneur, venture capitalist, author and philanthropist. [1] He is the founder, chairman and CEO of WorldQuant, a global quantitative asset management firm with over $7 billion in assets under management that he founded in 2007. [2] [3]
Tulchinsky was born in 1966 in Minsk, Belarus. [4] His parents were both professional musicians. [1] In 1977, the family immigrated to the US where Igor had the chance to learn more about finance and computer science. [5] [6] He holds an MS in computer science from the University of Texas, and an MBA in finance and entrepreneurship from the Wharton School of the University of Pennsylvania. [7] [8] [1]
Tulchinsky started his career in 1988 at AT&T Bell Laboratories, where he held the position of scientist for over three years. Prior to this, he spent time as a video game programmer. [1]
In the early 1990s, Tulchinsky worked as a trading strategist for Timber Hill (now part of Interactive Brokers), before moving to Millennium Management, an investment management firm that manages more than $57 billion in assets. [1] [9]
He spent 12 years at Millennium as a statistical-arbitrage portfolio manager [10] before he founded WorldQuant in 2007. [1] WorldQuant has a global workforce of more than 1,000 employees across 24 global offices, [11] with many locations in nontraditional financial centers, including Ramat Gan, Budapest, Mumbai, Ho Chi Minh City and Seoul. [1] [12] This is in line with Tulchinsky's stated belief that "talent is distributed equally around the world, opportunity is not." [1]
In 2014, Tulchinsky founded WorldQuant Ventures, an early-stage investment vehicle that invests in tech companies with a particular focus on data analytics and finance. [13] [14]
In 2014, Tulchinsky founded WorldQuant University, a US-accredited not-for-profit university, which offers an entirely free online master's degree in financial engineering and a data science module. [15] [1] [16]
In early 2018, Tulchinsky founded WorldQuant Predictive, an artificial intelligence platform company that sells predictive analytics to corporate clients. [1]
In 2017, Tulchinsky made a gift of $5 million to launch the WorldQuant Initiative for Quantitative Prediction at Weill Cornell Medicine. [17] This research initiative aims to enhance current methods used in precision medicine by combining molecular profiling with financial algorithms. [18] He is also a Board of Fellows member at Weill Cornell Medicine. [19]
In 2015, Tulchinsky published Finding Alphas: A Quantitative Approach to Building Trading Strategies, [20] and in 2018, he published The UnRules: Man, Machines and the Quest to Master Markets. [21] [22] In 2023, he released his third book The Age of Prediction: Algorithms, AI, and the Shifting Shadows of Risk, co-authored with Christopher E. Mason. [23] [24]
Tulchinsky has published material for and commented across various global organizations, publications and think-tanks, including the Financial Times , [25] The Wall Street Journal , [26] World Economic Forum, [27] [28] Milken Institute, [29] [30] Harvard Business Review , [31] Institutional Investor [32] and Fox Business. [33]
Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes–Merton model. In 1997 Merton together with Myron Scholes were awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for the method to determine the value of derivatives.
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WorldQuant University (WQU) is a U.S. accredited not-for-profit online university. Its programs are entirely-free. As of May 2022, between its two programs, WQU has graduated more than 11,000 students from over 100 countries. It is licensed by the Board of Regents of the State of Louisiana and accredited by the Distance Education Accrediting Commission (DEAC) for its Master’s Degree in Financial Engineering Program. WQU’s Applied Data Science Lab is a credentialed offering where students use data analysis to solve real-world and complex problems.
WorldQuant, LLC is an international hedge fund and quantitative investment management firm headquartered in Old Greenwich, Connecticut. Founded in 2007, the firm is currently managing approximately $9 billion in assets under management for Millennium Management via quantitative trading and other methods of quantitative investing. WorldQuant operated the WorldQuant Challenge, where participants compete in the field of quantitative finance, and WorldQuant Accelerator, an independent portfolio manager platform. In 2015 the WorldQuant Foundation launched WorldQuant University.
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