Worldquant's Chropuvka Seeks to Motivate Quants

What is the best way to motivate the financial engineers and “quants” that permeate Wall Street? For Gary Chropuvka, the president of hedge fund Worldquant, the solution is to run competitive challenges and offer incentives to those who develop innovations that help returns exceed benchmarks. Chropuvka, who is this week’s guest on the Masters in Business podcast, is in charge of business strategy at the firm, helps manage operations and participates in the firm's investment strategies. 

World Quant, which manages about $7 billion, was founded by Igor Tulchinsky, who spun it out of Millennium Management in 2007. The firm has a global footprint and employees a substantial team of quants. Chropuvka was previously co-head of the Quantitative Investment Strategies team at Goldman Sachs Group Inc.’s asset management unit.

A list of his favorite books is here; A transcript of our conversation is available here Tuesday.

You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here.

Be sure to check out our Masters in Business next week with Shirl Penny, the founder and chief executive officer of Dynasty Financial Partners. Dynasty has 50 registered investment advisory offices with more than 250 advisors and assets exceeding $60 billion.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

©2021 Bloomberg L.P.

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