Hedge Fund - Schonfeld Strategic Advisors

Schonfeld Strategic Advisors, a New York City-based hedge fund, was formed in 2015, continuing the business Steve Schonfeld started in 1988 with a focus on short-term, systematic, and algorithmic trading.

Ryan Tolkin, a Duke graduate, transformed Schonfeld from a family office into an $8.8 billion hedge fund. Known for his natural ability, extreme focus, and discipline, Tolkin's leadership has been pivotal. In high school, Tolkin was trading securities at a billionaire's family office; in college, he presented volatility research to a global asset manager. At 34 years old, he's the chief executive and chief investment officer of Schonfeld, praised for his intelligence, preparedness, and approachable nature.

Schonfeld Strategic Advisors now manages $89.7 billion in discretionary assets with 28 clients as of March 2024. Their latest 13F filing for Q1 2024 reported $15 billion in managed 13F securities, with a top 10 holdings concentration of 20.81%. The fund's largest holding is SPDR S&P 500 ETF Trust, with 2,305,708 shares.