Seven Eight Capital

Hedge fund specializing in quantitative trading

New York City, New York, United States

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About Seven Eight Capital

Seven Eight Capital focuses on quantitative trading and statistical arbitrage, using advanced mathematical models and technology to exploit market inefficiencies. The firm serves institutional clients and trades various financial instruments in the U.S. and Europe. Their strategies involve analyzing large datasets with computer programs to quickly execute trades and profit from small price discrepancies. Founded by Stephen Cash and his classmates from Carnegie Mellon, the company aims to deliver consistent returns through its expertise in finance and mathematics.

New York City, New YorkHeadquarters
2012Year Founded
VENTURE_UNKNOWNCompany Stage
Quantitative Finance, Financial ServicesIndustries
11-50Employees

Benefits

Health: Medical and dental insurance
4 weeks PTO
Modern office: snack/refreshment station, gaming area, gym and wellness rooms
Hybrid work policy
Biweekly lunch and learns
Company social and team-building events

Risks

Increased competition from AI-driven trading firms may erode market share.
Reliance on high-frequency algorithms exposes firm to algorithmic error risks.
Regulatory scrutiny on quantitative trading could impact strategies and profitability.

Differentiation

Founded by Carnegie Mellon alumni, leveraging advanced mathematical models since 2012.
Specializes in quantitative trading and statistical arbitrage for institutional clients.
Team of 15 professionals, 87% with advanced degrees, led by Stephen Cash.

Upsides

Adoption of machine learning enhances model sophistication and market inefficiency detection.
Alternative data sources offer new insights for improved trading strategies.
Quantum computing shows potential in enhancing statistical arbitrage strategies.