"Geoffrey Lauprete, who worked at WorldQuant for 17 years until 2024, will take over starting next month, according to the memo, which was seen by Business Insider. "Denis expanded Cubist's global footprint, grew our pod model, and built our central team from the ground up. His leadership and expertise have made a lasting impact on the firm, and we wish him all the best in his future endeavors," Cohen wrote in the memo."
"The hiring of Lauprete shocked some industry insiders as he had been actively fundraising to launch his own fund, Libero Capital. A deal with Paloma Partners fell through months back, but according to people familiar with the matter, Lauprete was still in active discussions with other partners for funding, including Cubist. Most of the Libero investment team is expected to join Cubist, potentially as a separate pod, the people said."
Point72 named Geoffrey Lauprete head of Cubist Systematic Strategies, with the transition starting next month. Denis Dancanet, who joined Cubist in 2020, is leaving to pursue other opportunities. Lauprete spent 17 years at WorldQuant through 2024 and previously worked as a portfolio manager at Millennium. Lauprete had been fundraising to launch his own firm, Libero Capital, and had discussions with potential partners; a Paloma Partners deal fell through. Most of the Libero investment team is expected to join Cubist, potentially as a separate pod. Point72 leadership praised Dancanet’s contributions and highlighted Lauprete’s track record in scaling quant businesses.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]