Igor Tulchinsky Explained

Igor Tulchinsky
Birth Place:Minsk, Belarus
Occupation:Investor, writer, philanthropist

Igor Tulchinsky (born 1966) is an investor, entrepreneur, venture capitalist, author and philanthropist.[1] He is the founder, chairman and CEO of WorldQuant, a global quantitative asset management firm with over $7 billion in assets under management that he founded in 2007.[2] [3]

Early life and education

Tulchinsky was born in 1966 in Minsk, Belarus.[4] His parents were both professional musicians. In 1977, the family immigrated to the US where Igor had the chance to learn more about finance and computer science.[5] [6] He holds an MS in computer science from the University of Texas, and an MBA in finance and entrepreneurship from the Wharton School of the University of Pennsylvania.[7] [8]

Career

Tulchinsky started his career in 1988 at AT&T Bell Laboratories, where he held the position of scientist for over three years. Prior to this, he spent time as a video game programmer.

In the early 1990s, Tulchinsky worked as a trading strategist for Timber Hill (now part of Interactive Brokers), before moving to Millennium Management, an investment management firm that manages more than $57 billion in assets.[9]

He spent 12 years at Millennium as a statistical-arbitrage portfolio manager[10] before he founded WorldQuant in 2007. WorldQuant has a global workforce of more than 1,000 employees across 24 global offices,[11] with many locations in nontraditional financial centers, including Ramat Gan, Budapest, Mumbai, Ho Chi Minh City and Seoul.[12] This is in line with Tulchinsky's stated belief that "talent is distributed equally around the world, opportunity is not."

In 2014, Tulchinsky founded WorldQuant Ventures, an early-stage investment vehicle that invests in tech companies with a particular focus on data analytics and finance.[13] [14]

In 2014, Tulchinsky founded WorldQuant University, a US-accredited not-for-profit university, which offers an entirely free online master's degree in financial engineering and a data science module.[15] [16]

In early 2018, Tulchinsky founded WorldQuant Predictive, an artificial intelligence platform company that sells predictive analytics to corporate clients.

Philanthropy

In 2017, Tulchinsky made a gift of $5 million to launch the WorldQuant Initiative for Quantitative Prediction at Weill Cornell Medicine.[17] This research initiative aims to enhance current methods used in precision medicine by combining molecular profiling with financial algorithms.[18] He is also a Board of Fellows member at Weill Cornell Medicine.[19]

Publications

In 2015, Tulchinsky published Finding Alphas: A Quantitative Approach to Building Trading Strategies,[20] and in 2018, he published The UnRules: Man, Machines and the Quest to Master Markets.[21] [22] In 2023, he released his third book The Age of Prediction: Algorithms, AI, and the Shifting Shadows of Risk, co-authored with Christopher E. Mason.[23] [24]

Tulchinsky has published material for and commented across various global organizations, publications and think-tanks, including the Financial Times,[25] The Wall Street Journal,[26] World Economic Forum,[27] [28] Milken Institute,[29] [30] Harvard Business Review,[31] Institutional Investor[32] and Fox Business.[33]

Notes and References

  1. News: 2022-12-16 . Toss of a coin that made a one-time game developer top of the quants . Financial Times . 2023-03-24.
  2. Web site: Who We Are . 2023-03-24 . WorldQuant . en-US.
  3. Web site: Hope . Bradley . With 125 Ph.D.s in 15 Countries, a Quant ‘Alpha Factory’ Hunts for Investing Edge . 2023-03-24 . WSJ . en-US.
  4. Web site: Уроженец Минска Игорь Тульчинский попал в топ-50 самых значимых персон Bloomberg. 2017-12-02. ThinkTanks. 2023-08-26.
  5. Web site: Уроженец Беларуси купил в Нью-Йорке квартиру за 33 млн долларов. 2021-04-26. Reform.by. 2023-08-26.
  6. Web site: 'Obstacles are nothing but information': WorldQuant's Igor Tulchinsky . 2023-03-24 . World Economic Forum . en.
  7. Web site: Igor Tulchinsky Department of Computer Science . 2023-03-24 . www.cs.utexas.edu.
  8. Web site: Igor Tulchinsky - Agenda Contributor . 2023-03-24 . World Economic Forum . en.
  9. Web site: Millennium Management Global Investment . 2023-03-24 . Millennium . en-US.
  10. Web site: The Fintech Finance 40: Igor Tulchinsky and Steve Lau . 2023-03-24 . Institutional Investor . en-gb.
  11. Web site: How we work . 2023-07-17 . WorldQuant . en-US.
  12. Web site: Contact . 2023-07-17 . WorldQuant . en-US.
  13. News: Meet This Year’s Bloomberg 50 . en . Bloomberg.com . 2023-03-24.
  14. Web site: Kutler . Jeffrey . 13 November 2018 . Fintech Finance’s Power Players . 24 March 2023 . Institutional Investor.
  15. Web site: RosenbushEditor . Steve . WorldQuant University Mints Masters of Financial Engineering . 2023-03-24 . WSJ . en-US.
  16. Web site: Chaparro . Frank . A hedge fund manager is supporting a free master's program in financial engineering . 2023-03-24 . Business Insider . en-US.
  17. News: 2018-05-02 . WorldQuant Hedge Fund Deploys Scientists for Cancer Research . en . Bloomberg.com . 2023-03-24.
  18. Web site: WorldQuant Initiative for Quantitative Prediction Established at Weill Cornell Medicine . 2023-03-24 . WCM Newsroom . en.
  19. Web site: Gift from Board Member Igor Tulchinsky to Support Weill Cornell Medicine’s Strategic Needs . 2023-03-24 . give.weill.cornell.edu.
  20. Book: Finding Alphas: A Quantitative Approach to Building Trading Strategies . 2019-09-30 . Wiley . 978-1-119-57121-6 . Tulchinsky . Igor . 1 . en . 10.1002/9781119571278.
  21. Web site: The Unrules: Man, Machines and the Quest to Master Markets . 24 March 2023 . TraderLife.
  22. Book: Tulchinsky, Igor . The Unrules: Man, Machines and the Quest to Master Markets . 2018 . Wiley . 978-1-119-37210-3 . Chichester, West Sussex, United Kingdom.
  23. Web site: WorldQuant CEO Tulchinsky: AI must work with human traders. Bilal. Jafar. 2023-08-24. Financial News. 2023-08-27.
  24. Web site: Billionaire quant Igor Tulchinsky on AI’s promise and risk. Saacks. Bradley. 2023-05-25. Semafor. 2023-08-27.
  25. Web site: Tulchinsky . Igor . 27 June 2023 . Superforecasting with AI promises the best of all future worlds . 2023-07-17 . www.ft.com.
  26. News: Milken . Michael . Tulchinsky . Igor . 2017-04-11 . How Technology Liberates Human Capital . en-US . Wall Street Journal . 2023-07-17 . 0099-9660.
  27. Web site: Why aren't we better at predicting the future? . 2023-03-24 . World Economic Forum . en.
  28. Web site: Why learning to code should be a central part of the global education system . 2023-03-24 . World Economic Forum . en.
  29. Web site: The Future of Work: Driving Adaptability and Flexibility . 2023-03-24 . milkeninstitute.org . en.
  30. Web site: The Global Skills Gap: Bridging the Great Divide . 2023-03-24 . milkeninstitute.org . en.
  31. News: Tulchinsky . Igor . 2023-03-30 . Your Gaming Skills Can Help You Shape Your Career . Harvard Business Review . 2023-07-17 . 0017-8012.
  32. Web site: Tulchinsky . Igor . 17 May 2023 . Investors Are Overlooking the Real Power of AI . 17 July 2023 . Institutional investor.
  33. Web site: Tietz . Kendall . 2023-05-02 . When will artificial intelligence answer emails? Experts weigh in on how the technology will affect work . 2023-07-17 . FOXBusiness . en-US.

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