A Goldman Sachs & JPMorgan quant trader has set up his own algo company

Once upon a time, traders left investment banks to set up hedge funds. Now, a safer bet is to set up a technology company that sells quantitative expertise and algorithms to existing hedge funds and asset managers.

This seems to be the route taken by Simon Creeger, a former member of the systematic trading team at Goldman Sachs and JPMorgan.

Creeger co-founded a company called Fourth Moment Technologies in March 2019 according to his LinkedIn profile and a filing at Companies House. His co-founder is Marcus Ekdahl, a former portfolio manager in Denmark.

Creeger said Fourth Moment will help asset managers and hedge funds to establish new or improve on current quantitative investment strategies. "Fourth Moment Technologies is a scientifically driven organisation that develops both fundamentally based methodologies as well as AI or machine learning methodologies," said Creeger, adding that its methodologies are suitable for both alpha and enhanced beta applications. 

Creeger spent 18 and a half years at JPMorgan before leaving for Goldman in 2015. He left Goldman earlier this year. 

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Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)