Key Takeaways
- • Schonfeld Strategic Advisors hired Lorenzo Longo as a portfolio manager for its Delta One trading team, bringing over a decade of institutional trading experience from Goldman Sachs and more than two years at Kedalion Capital Management.
- • Longo will report to Riccardo Riboldi, Schonfeld's global head of emerging markets and Delta One, who joined the firm in 2023 from Goldman Sachs, signaling continuity in leadership and strategy.
- • The hire reflects Schonfeld's ongoing expansion of its investment team and reinforces its commitment to building specialized expertise in Delta One trading, a segment covering structured products designed to replicate underlying asset performance including ETFs, futures, forwards, and swaps.
- • Kedalion Capital Management, the Millennium Management-backed firm where Longo previously worked, represents a competitive talent source for hedge funds seeking experienced derivatives traders.
Summary
Schonfeld Strategic Advisors has expanded its Delta One trading operation with the appointment of Lorenzo Longo as a portfolio manager, according to Bloomberg. The hire marks another step in the multi-strategy hedge fund's ongoing team expansion and reflects competitive talent acquisition in the derivatives trading space.
Longo brings substantial credentials to the role, having spent more than a decade at Goldman Sachs before moving into hedge fund management. He most recently spent over two years at Kedalion Capital Management, a Millennium Management-backed investment firm, where he developed specialized expertise in Delta One trading strategies. His appointment adds experienced institutional trading knowledge to Schonfeld's operations during a period of strategic growth.
Longo will report directly to Riccardo Riboldi, Schonfeld's global head of emerging markets and Delta One. Riboldi, who joined Schonfeld in 2023 from Goldman Sachs, brings his own institutional pedigree to the leadership structure. This continuity with Goldman Sachs talent suggests Schonfeld is leveraging relationships and building teams around traders familiar with both major bank operations and hedge fund environments.
Delta One trading encompasses a specialized niche within derivatives markets, focused on products engineered to closely replicate the performance of underlying assets. The strategy utilizes a broad toolkit including exchange-traded funds, futures contracts, forward agreements, and swaps. Schonfeld's focused expansion in this area indicates strategic confidence in the segment's opportunity set.
Neither Schonfeld, Kedalion, nor Longo commented on the appointment beyond their respective statements to Bloomberg.
Longo brings substantial credentials to the role, having spent more than a decade at Goldman Sachs before moving into hedge fund management. He most recently spent over two years at Kedalion Capital Management, a Millennium Management-backed investment firm, where he developed specialized expertise in Delta One trading strategies. His appointment adds experienced institutional trading knowledge to Schonfeld's operations during a period of strategic growth.
Longo will report directly to Riccardo Riboldi, Schonfeld's global head of emerging markets and Delta One. Riboldi, who joined Schonfeld in 2023 from Goldman Sachs, brings his own institutional pedigree to the leadership structure. This continuity with Goldman Sachs talent suggests Schonfeld is leveraging relationships and building teams around traders familiar with both major bank operations and hedge fund environments.
Delta One trading encompasses a specialized niche within derivatives markets, focused on products engineered to closely replicate the performance of underlying assets. The strategy utilizes a broad toolkit including exchange-traded funds, futures contracts, forward agreements, and swaps. Schonfeld's focused expansion in this area indicates strategic confidence in the segment's opportunity set.
Neither Schonfeld, Kedalion, nor Longo commented on the appointment beyond their respective statements to Bloomberg.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.