checked their website. does anyone know briefly how do the Quant Managers and L/S Managers programs work?
after some googling, it seems that Schonfeld works similar to a seed capital provider to promising fund managers.
Seems very interesting model: http://www.businesswire.com/news/ho...engthens-Commitment-Funding-Leading-Portfolio " December 19, 2012 Schonfeld Group Strengthens Commitment to Funding Leading Portfolio Management Teams * Increases Focus with Hire of Millenniumâs Adin Kahn * Adds Five Portfolio Management Teams in Second Half of 2012 and Commits to Doubling Market Exposure * Highly-Focused Multi-Manager, Multi-Strategy Investment Approach with Proprietary Family Office Capital Fosters Secure, Creative Environment for Elite Portfolio Managers * Offers Generous Performance-Based Formulaic Payouts, IP Ownership and Portable Track Records ... Backed by industry-leading technology and the experience and commitment of a sophisticated investor in the market for 25 years, Schonfeldâs portfolio management âofferingâ features: * Generous Performance-Based Formulaic Payouts * IP Ownership and Portable Track Records * The opportunity to raise funds outside of Schonfeld Group * The opportunity for managers to co-invest in their funds * Geographic flexibility "