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Vatic Investments has hired former Citadel and D.E. Shaw quant Allen Poteshman as CIO.
Poteshman, a former finance professor, will launch a new statistical arbitrage strategy.
Its the latest in a string of hires for the high-speed systematic trading firm.
High-speed quant trading firm Vatic Investments is launching a statistical arbitrage effort, and it has hired a former finance professor who worked at Citadel and D.E. Shaw to lead the charge as its chief investment officer.
Allen Poteshman joined Vatic Investments, previously known as Vatic Labs, last week to oversee its overarching investments but also to build out a new stat arb strategy, according to a statement released on Wednesday.