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Igor Tulchinsky

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Igor Tulchinsky 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]

Early life and education

Tulchinsky was born in Minsk, Belarus. His parents were both professional musicians.[1] He immigrated in the 1970s to the US where he had the chance to learn more about finance and computer science.[4] 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.[5][6][1]

Career

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][7]

He spent 12 years at Millennium as a statistical-arbitrage portfolio manager[8] before he founded WorldQuant in 2007.[1] WorldQuant has a global workforce of more than 1,000 employees across 24 global offices,[9] with many locations in nontraditional financial centers, including Ramat Gan, Budapest, Mumbai, Ho Chi Minh City and Seoul.[1][10] 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.[11][12]

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.[13][1][14]

In early 2018, Tulchinsky founded WorldQuant Predictive, an artificial intelligence platform company that sells predictive analytics to corporate clients.[1]

Philanthropy

In 2017, Tulchinsky made a gift of $5 million to launch the WorldQuant Initiative for Quantitative Prediction at Weill Cornell Medicine.[15] This research initiative aims to enhance current methods used in precision medicine by combining molecular profiling with financial algorithms.[16] He is also a Board of Fellows member at Weill Cornell Medicine.[17]

Publications

In 2015, Tulchinsky published Finding Alphas: A Quantitative Approach to Building Trading Strategies[18], and in 2018, he published The UnRules: Man, Machines and the Quest to Master Markets.[19][20]

Tulchinsky has published material for and commented across various global organizations, publications and think-tanks, including the Financial Times,[21] The Wall Street Journal,[22] World Economic Forum,[23][24] Milken Institute,[25][26] Harvard Business Review,[27] Institutional Investor[28] and Fox Business.[29]

References

  1. ^ a b c d e f g h i j "Toss of a coin that made a one-time game developer top of the quants". Financial Times. 2022-12-16. Retrieved 2023-03-24.
  2. ^ "Who We Are". WorldQuant. Retrieved 2023-03-24.
  3. ^ Hope, Bradley. "With 125 Ph.D.s in 15 Countries, a Quant 'Alpha Factory' Hunts for Investing Edge". WSJ. Retrieved 2023-03-24.
  4. ^ "'Obstacles are nothing but information': WorldQuant's Igor Tulchinsky". World Economic Forum. Retrieved 2023-03-24.
  5. ^ "Igor Tulchinsky | Department of Computer Science". www.cs.utexas.edu. Retrieved 2023-03-24.
  6. ^ "Igor Tulchinsky - Agenda Contributor". World Economic Forum. Retrieved 2023-03-24.
  7. ^ "Millennium Management Global Investment". Millennium. Retrieved 2023-03-24.
  8. ^ "The Fintech Finance 40: Igor Tulchinsky and Steve Lau". Institutional Investor. Retrieved 2023-03-24.
  9. ^ "How we work". WorldQuant. Retrieved 2023-07-17.
  10. ^ "Contact". WorldQuant. Retrieved 2023-07-17.
  11. ^ "Meet This Year's Bloomberg 50". Bloomberg.com. Retrieved 2023-03-24.
  12. ^ Kutler, Jeffrey (13 November 2018). "Fintech Finance's Power Players". Institutional Investor. Retrieved 24 March 2023.
  13. ^ RosenbushEditor, Steve. "WorldQuant University Mints Masters of Financial Engineering". WSJ. Retrieved 2023-03-24.
  14. ^ Chaparro, Frank. "A hedge fund manager is supporting a free master's program in financial engineering". Business Insider. Retrieved 2023-03-24.
  15. ^ "WorldQuant Hedge Fund Deploys Scientists for Cancer Research". Bloomberg.com. 2018-05-02. Retrieved 2023-03-24.
  16. ^ "WorldQuant Initiative for Quantitative Prediction Established at Weill Cornell Medicine". WCM Newsroom. Retrieved 2023-03-24.
  17. ^ "Gift from Board Member Igor Tulchinsky to Support Weill Cornell Medicine's Strategic Needs". give.weill.cornell.edu. Retrieved 2023-03-24.
  18. ^ Tulchinsky, Igor, ed. (2019-09-30). Finding Alphas: A Quantitative Approach to Building Trading Strategies (1 ed.). Wiley. doi:10.1002/9781119571278. ISBN 978-1-119-57121-6.
  19. ^ "THE UNRULES: MAN, MACHINES AND THE QUEST TO MASTER MARKETS". TraderLife. Retrieved 24 March 2023.
  20. ^ Tulchinsky, Igor (2018). The Unrules: Man, Machines and the Quest to Master Markets. Chichester, West Sussex, United Kingdom: Wiley. ISBN 978-1-119-37210-3.
  21. ^ Tulchinsky, Igor (27 June 2023). "Superforecasting with AI promises the best of all future worlds". www.ft.com. Retrieved 2023-07-17.
  22. ^ Milken, Michael; Tulchinsky, Igor (2017-04-11). "How Technology Liberates Human Capital". Wall Street Journal. ISSN 0099-9660. Retrieved 2023-07-17.
  23. ^ "Why aren't we better at predicting the future?". World Economic Forum. Retrieved 2023-03-24.
  24. ^ "Why learning to code should be a central part of the global education system". World Economic Forum. Retrieved 2023-03-24.
  25. ^ "The Future of Work: Driving Adaptability and Flexibility". milkeninstitute.org. Retrieved 2023-03-24.
  26. ^ "The Global Skills Gap: Bridging the Great Divide". milkeninstitute.org. Retrieved 2023-03-24.
  27. ^ Tulchinsky, Igor (2023-03-30). "Your Gaming Skills Can Help You Shape Your Career". Harvard Business Review. ISSN 0017-8012. Retrieved 2023-07-17.
  28. ^ Tulchinsky, Igor (17 May 2023). "Investors Are Overlooking the Real Power of AI". Institutional investor. Retrieved 17 July 2023.
  29. ^ Tietz, Kendall (2023-05-02). "When will artificial intelligence answer emails? Experts weigh in on how the technology will affect work". FOXBusiness. Retrieved 2023-07-17.