Key Takeaways
- • Millburn Ridgefield Corporation appointed Michael Soss as deputy chief investment officer effective January 4, 2022, a newly created position reporting to co-CEO and chief investment officer Grant Smith.
- • Soss will co-manage Millburn's systematic research and development functions, including system design, modeling, data management, and execution across the multi-billion AuM quantitative investment firm.
- • Soss brings 5+ years of leadership experience from Point72 Asset Management, where he most recently headed the Fusion group (a quant trading division), combined with prior roles at J.P. Morgan, Goldman Sachs, and SECOR Asset Management spanning algorithmic trading, risk research, and equity systematic strategies.
- • Soss holds a PhD in Computer Science from McGill University and an AB in Mathematics from Harvard University, providing deep quantitative credentials alongside practical trading and portfolio management experience.
- • Grant Smith highlighted Soss's "deep quantitative knowledge, both theoretical and put to practical use" as instrumental to Millburn's expansion into new investment strategies, asset classes, and technologies.
Summary
Millburn Ridgefield Corporation, a multi-billion assets-under-management quantitative investment firm headquartered in New York, has elevated Michael Soss to the newly created role of deputy chief investment officer, effective January 4, 2022. Soss will report directly to Grant Smith, the firm's co-CEO and chief investment officer, and will share responsibility for overseeing Millburn's systematic research and development functions, encompassing system design, modeling, data management, and trading execution.
Soss joined Millburn from Point72 Asset Management, where he spent more than five years in senior leadership roles spanning risk management, trading research, and quantitative strategy development. Most recently, he led Point72's Fusion group, a specialized quant trading division focused on internal alpha generation. His career trajectory reflects deep expertise across systematic finance: prior to Point72, he served as executive director at J.P. Morgan, where he led a comprehensive redesign of the firm's cross-asset algorithmic index infrastructure. Earlier experience includes roles as head of equities at SECOR Asset Management and as a trader and co-head of equity systematic trading at Goldman Sachs.
Soss's educational background reinforces his quantitative pedigree, holding a PhD and MSc in Computer Science from McGill University in Montreal and an AB in Mathematics from Harvard University. Grant Smith commented on the appointment, stating: "We are excited to have Michael join the team. We think his deep quantitative knowledge, both theoretical and put to practical use, will be an immense asset to Millburn and our investors as we continue to explore and expand into new investment strategies, asset classes and technologies. Combined with his proven managerial capabilities, we expect he will play a key role at Millburn." Soss indicated that Millburn's "fifty years of success in quantitative investing combined with a drive for constant improvement" motivated his move to the firm.
Soss joined Millburn from Point72 Asset Management, where he spent more than five years in senior leadership roles spanning risk management, trading research, and quantitative strategy development. Most recently, he led Point72's Fusion group, a specialized quant trading division focused on internal alpha generation. His career trajectory reflects deep expertise across systematic finance: prior to Point72, he served as executive director at J.P. Morgan, where he led a comprehensive redesign of the firm's cross-asset algorithmic index infrastructure. Earlier experience includes roles as head of equities at SECOR Asset Management and as a trader and co-head of equity systematic trading at Goldman Sachs.
Soss's educational background reinforces his quantitative pedigree, holding a PhD and MSc in Computer Science from McGill University in Montreal and an AB in Mathematics from Harvard University. Grant Smith commented on the appointment, stating: "We are excited to have Michael join the team. We think his deep quantitative knowledge, both theoretical and put to practical use, will be an immense asset to Millburn and our investors as we continue to explore and expand into new investment strategies, asset classes and technologies. Combined with his proven managerial capabilities, we expect he will play a key role at Millburn." Soss indicated that Millburn's "fifty years of success in quantitative investing combined with a drive for constant improvement" motivated his move to the firm.
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