{"id":7062,"date":"2008-01-29T00:00:00","date_gmt":"2008-01-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"menta-capital-co-founder-leaves-firm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/menta-capital-co-founder-leaves-firm.html","title":{"rendered":"Menta Capital Co-founder Leaves Firm"},"content":{"rendered":"

SAN FRANCISCO<\/span><\/strong>— George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm.<\/span><\/strong><\/p>\n

<\/strong>Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio managers at Barclays Global Investors, a unit of British bank Barclays PLC (UK:BARC<\/a>: news<\/a>, chart<\/a>, profile<\/a>) , which is one of the largest "quant" investment firms in the world. See related story.<\/a> <\/span><\/p>\n

Patterson said he left for personal reasons and remains an investor in Menta. He’s now looking for new opportunities in the investment-management business, but said he may consider positions outside of the $2 trillion hedge fund industry. Menta has roughly $750 million in assets, he said. <\/span><\/p>\n

Stock markets have been extremely volatile in recent weeks, which can hurt quant hedge funds. These types of funds use computer models to generate trading ideas. Some use a market-neutral approach, which aims to balance long positions with short trades. Others are so-called statistical arbitrage funds, which analyze historical relationships between related securities and trade when those relationships get out of whack. <\/span><\/p>\n

Many of these funds were hit hard in the summer as forced selling by some managers disrupted such historical relationships. See full story.<\/a> <\/span><\/p>\n

Some quant hedge funds may be experiencing similar difficulties again, experts said Friday. See full story.<\/a> <\/span><\/p>\n

"January was not a pretty month," Patterson said in an interview. "I don’t know the exact numbers because I’m not involved directly with Menta anymore. It was a tough month, but that was not just for Menta, it was across the board." <\/span><\/p>\n

Dubois, a managing member of Menta, didn’t immediately return a phone call seeking comment on Tuesday. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO— George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm. Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7062","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7062"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7062\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}