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Igor Tulchinsky

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Igor Tulchinsky
Speaking at the 2023 World Economic Forum
Born1966 (age 57–58)
Minsk, Belarus
Education
Occupation(s)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

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Tulchinsky was born in 1966 in Minsk, Belarus.[4] His parents were both professional musicians.[1] 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][1]

Career

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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.[1]

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.[1][9]

He spent 12 years at Millennium as a statistical-arbitrage portfolio manager[10] before he founded WorldQuant in 2007.[1] 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.[1][12] This is in line with Tulchinsky's stated belief that "talent is distributed equally around the world, opportunity is not."[1]

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][1][16]

In early 2018, Tulchinsky founded WorldQuant Predictive, an artificial intelligence platform company that sells predictive analytics to corporate clients.[1]

Philanthropy

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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

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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]

References

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