2 veterans at $5 billion quant hedge fund PDT Partners have left

Two long-standing staffers at $5 billion quant hedge fund PDT Partners have left, according to people familiar with the matter. They are:Daniel Pugh, who headed trading operations and worked at PDT for ten years, and;Michael Shpigelmacher, a senior investment researcher who worked at the fund for six years. According to his LinkedIn page, Shpigelmacher "created and managed proprietary investment strategies for a multi-billion equity portfolio, combining cutting edge AI research with innovative economic and financial models."Their destinations are not known. A spokesman for PDT Partners declined to comment.PDT was founded by Pete Muller, a quirky math whiz known for his love of music.After a long sting at Morgan Stanley in the 1990s, where he created the PDT unit, he needed a break and went on sabbatical, traveling the world and playing music in the New York subway, he previously told Business Insider. Music has played a major role in balancing his career ever since.He eventually went back to PDT and spun out the unit in 2012.We covered a fundraising concert in 2016 during which Muller sang about a divorced hedge fund billionaire named Ken. He also went on a music tour last year.DON'T MISS:A new lawsuit casts doubt on what billionaire Steve Cohen's deputies have been saying for yearsMUST READ:Billionaire hedge fund legend Paul Tudor Jones used a quote from Shakespeare to sound the alarm on a financial bubbleSEE ALSO:Wall Street is blaming a familiar culprit for the latest stock market bloodbathJoin the conversation about this storyNOW WATCH: Here's a great explanation of what the blockchain is from the person tasked with explaining it to the world
Click here to read full news..