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3 People Reveal a Formula for Hedge Fund Data Operations

Patrick O’Shaughnessy, Peng Zhao, and Michael Recce don’t work at hedge funds. But collectively these three illustrate a formula for the future of hedge funds, fund data operations, and big-time investing generally.

Think of the equation hidden in their stories as stats scientist + strong leadership + cultural change management + data operations = hiring people. Most business leaders would agree that hiring and people placement are two of the most critical factors in controlling results-based outcomes. These three examples would certainly help strengthen that hypothesis.

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Patrick O’Shaughnessy is the CEO of asset manager OSAM. Peng Zhao is the CEO of Citadel Securities, the market-making firm founded by hedge fund leader Kenneth Griffin. Michael Recce is the chief data scientist for the fund of funds, Neuberger Berman.

The hedge fund world and what are called actively managed funds are seeing closures and layoffs. But OSAM is launching a new technology product. It’s run by a small team, and it’s hard to say whether they are hiring. But they appear to be moving in the right direction. Citadel Securities, not to be confused with Griffin’s hedge fund Citadel LLC, 

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