Key Takeaways
- • Creighton AI (CAI) named John C. Siciliano as CEO, effective immediately, to accelerate growth of its quantitative investment management firm.
- • Siciliano previously served as CEO of BKF Capital Group (NYSE-listed) and New York Life Investments' independent asset management firms, and was global strategy leader for PwC in asset and wealth management.
- • Terry Feeney, former president and COO of Millennium Management, joined as senior advisor to focus on operational excellence.
- • CAI's founder Jim Creighton says the firm's strategy is already attracting interest, with discussions underway with key potential investors.
- • CAI runs a global market neutral equity fund and a long-only fund for Australian institutional clients, with expansion planned in Australia, the UK and the US.
Summary
Creighton AI (CAI), a San Francisco-based quantitative investment manager, has announced John C. Siciliano as its new chief executive, effective immediately, according to a Business Wire release dated February 24, 2022. The firm specializes in systematic global equity market neutral and long-only strategies built on a proprietary machine learning algorithm, and is expanding in Australia, the United Kingdom and the United States. Siciliano's prior roles include CEO of BKF Capital Group, a NYSE-listed company, and CEO of New York Life Investments' independent asset management firms. He later served as global strategy leader for PwC in asset and wealth management.
CAI also appointed Terry Feeney as senior advisor. Feeney spent more than 20 years at Millennium Management, where he worked closely with the founder and served as president and chief operating officer. Before that, he was a financial services audit partner at EY, focusing on broker-dealer and hedge fund audits as well as operational and regulatory projects. His mandate is operational excellence to support the firm's rapid expansion.
Siciliano said volatile markets have increased investor demand for approaches that deliver consistent results with lower volatility. He cited the firm's combination of machine learning and a bespoke set of factors, and said CAI's first full year of results demonstrated the value of its strategy. He stated he looks forward to significantly growing assets under management.
Founder and chief investment officer Jim Creighton said the strategy aims to deliver strong returns with low volatility and little correlation to equity markets. He said results to date support the approach and that the firm is already in discussions with key potential investors. Creighton, a pioneer in quantitative investment management, previously served as global CIO at Barclays Global Investors, Deutsche Asset Management and Northern Trust. CAI currently manages a long-only fund for Australian institutional clients with a local partner, alongside its global market neutral equity fund. The firm has team members in Melbourne, London, Porto, Sydney and Toronto.
CAI also appointed Terry Feeney as senior advisor. Feeney spent more than 20 years at Millennium Management, where he worked closely with the founder and served as president and chief operating officer. Before that, he was a financial services audit partner at EY, focusing on broker-dealer and hedge fund audits as well as operational and regulatory projects. His mandate is operational excellence to support the firm's rapid expansion.
Siciliano said volatile markets have increased investor demand for approaches that deliver consistent results with lower volatility. He cited the firm's combination of machine learning and a bespoke set of factors, and said CAI's first full year of results demonstrated the value of its strategy. He stated he looks forward to significantly growing assets under management.
Founder and chief investment officer Jim Creighton said the strategy aims to deliver strong returns with low volatility and little correlation to equity markets. He said results to date support the approach and that the firm is already in discussions with key potential investors. Creighton, a pioneer in quantitative investment management, previously served as global CIO at Barclays Global Investors, Deutsche Asset Management and Northern Trust. CAI currently manages a long-only fund for Australian institutional clients with a local partner, alongside its global market neutral equity fund. The firm has team members in Melbourne, London, Porto, Sydney and Toronto.
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