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{{short description|American hedge fund manager}} |
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{{news release|1=article|date=September 2018}} |
{{news release|1=article|date=September 2018}} |
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'''Russell Abrams''' is an American [[hedge fund]] manager and [[entrepreneur]] who is the founder of Russellcar, a [[taxi cab]] [[rent-to-own]] company in [[Buenos Aires]].<ref name=":0" /> |
'''Russell Abrams''' is an American [[hedge fund]] manager and [[entrepreneur]] who is the founder of Russellcar, a [[taxi cab]] [[rent-to-own]] company in [[Buenos Aires]].<ref name=":0" /> |
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== Career == |
== Career == |
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=== Wall Street === |
=== Wall Street === |
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Abrams started a career on [[Wall Street]] working at [[Goldman Sachs Asset Management]] developing quantitative models and doing research for [[Fischer Black]], co-developer of the [[ |
Abrams started a career on [[Wall Street]] working at [[Goldman Sachs Asset Management]] developing quantitative models and doing research for [[Fischer Black]], co-developer of the [[Black–Scholes]] options pricing model.<ref name=":0">{{cite news|url=https://www.bloomberg.com/news/articles/2014-07-27/former-goldman-options-trader-moonlights-as-argentina-taxi-king|title=Former Goldman Options Trader Becomes Argentina Taxi King|last=Russo|first=Camila|date=28 July 2014|publisher=Bloomberg}}</ref> Between 1997 and 2000, Abrams was the co-head of Equity Derivatives and Convertible Arbitrage at [[Merrill Lynch]].<ref>{{cite web|url=http://www.hedgeweek.com/2012/07/12/169677/titan-capital-group-%E2%80%93-best-relative-value-fund-manager|title=Titan Capital Group – Best Relative Value Fund Manager|date=7 December 2012|publisher=Hedgeweek}}</ref> In 2001, Abrams founded Titan Capital Group,<ref>{{Cite web|url=http://titancapital.net/index.asp|title=Titan Capital Group|website=titancapital.net|access-date=2017-01-07|archive-url=https://web.archive.org/web/20170109060858/http://titancapital.net/index.asp|archive-date=2017-01-09|url-status=dead}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=113871211&capId=4526005&previousCapId=145409859&previousTitle=Titan%20Capital%20Group,%20LLC|title=Russell Abrams: Executive Profile & Biography – Bloomberg|website=www.bloomberg.com|access-date=2017-01-16}}</ref><ref>Cited in ''Hedge Fund News'', May 2003, Issue 37 as "focusing on trading while two other partners take care of the business side"</ref> which was one of the first [[volatility arbitrage]] funds<ref name=":3">{{cite web|url=http://www.hedgeweek.com/2012/07/12/169677/titan-capital-group-%E2%80%93-best-relative-value-fund-manager|title=Titan Capital Group – Best Relative Value Fund Manager|date=12 July 2012|website=HedgeWeek.com|access-date=21 January 2018}}</ref><ref>''Hedge Fund News'', May 2003, Issue 37: What is volatility arbitrage?</ref> and at its height had over $1 billion AUM.<ref>See 2008 Numbers: http://www.technologyinvestor.com/?p=3644</ref> Titan funds were included in the Wall Street Journal's list of "The Hedge Fund 100" in 2009<ref>{{cite web|url=https://online.wsj.com/public/resources/documents/BA_HF100_090511.pdf|title=The Hedge Fund 100|publisher=The Wall Street Journal}}</ref> and 2010,{{Citation needed|date=May 2019}} and won ''Hedgeweek''<nowiki/>'s award for Best Relative Fund Manager in 2012.<ref name=":3" /> |
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=== Russellcar === |
=== Russellcar === |
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== Other work == |
== Other work == |
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Abrams helped fund an endowment for the [[New York Public Library]] Young Lions Fiction Award.<ref>{{cite web|url=https://www.nypl.org/ylfa|title=Young Lions Fiction Award|publisher=New York Public Library}}</ref> |
Abrams helped fund an endowment for the [[New York Public Library]] [[Young Lions Fiction Award]].<ref>{{cite web|url=https://www.nypl.org/ylfa|title=Young Lions Fiction Award|publisher=New York Public Library}}</ref> |
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== References == |
== References == |
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Latest revision as of 01:23, 19 January 2023
 | This article reads like a press release or a news article and may be largely based on routine coverage. (September 2018) |
Russell Abrams is an American hedge fund manager and entrepreneur who is the founder of Russellcar, a taxi cab rent-to-own company in Buenos Aires.[1]
Career[edit]
Wall Street[edit]
Abrams started a career on Wall Street working at Goldman Sachs Asset Management developing quantitative models and doing research for Fischer Black, co-developer of the Black–Scholes options pricing model.[1] Between 1997 and 2000, Abrams was the co-head of Equity Derivatives and Convertible Arbitrage at Merrill Lynch.[2] In 2001, Abrams founded Titan Capital Group,[3][4][5] which was one of the first volatility arbitrage funds[6][7] and at its height had over $1 billion AUM.[8] Titan funds were included in the Wall Street Journal's list of "The Hedge Fund 100" in 2009[9] and 2010,[citation needed] and won Hedgeweek's award for Best Relative Fund Manager in 2012.[6]
Russellcar[edit]
While at Titan, Abrams made strategic investments in Argentina, which led to Abrams and his wife, Sandra Piedrabuena, founding Russellcar.[10] Abrams has pledged to spend over $100 million on sustainable-only vehicles.[11][12] The company offers credit to women in order to help them rent-to-own taxis.
Other work[edit]
Abrams helped fund an endowment for the New York Public Library Young Lions Fiction Award.[13]
References[edit]
- ^ a b Russo, Camila (28 July 2014). "Former Goldman Options Trader Becomes Argentina Taxi King". Bloomberg.
- ^ "Titan Capital Group – Best Relative Value Fund Manager". Hedgeweek. 7 December 2012.
- ^ "Titan Capital Group". titancapital.net. Archived from the original on 2017-01-09. Retrieved 2017-01-07.
- ^ "Russell Abrams: Executive Profile & Biography – Bloomberg". www.bloomberg.com. Retrieved 2017-01-16.
- ^ Cited in Hedge Fund News, May 2003, Issue 37 as "focusing on trading while two other partners take care of the business side"
- ^ a b "Titan Capital Group – Best Relative Value Fund Manager". HedgeWeek.com. 12 July 2012. Retrieved 21 January 2018.
- ^ Hedge Fund News, May 2003, Issue 37: What is volatility arbitrage?
- ^ See 2008 Numbers: http://www.technologyinvestor.com/?p=3644
- ^ "The Hedge Fund 100" (PDF). The Wall Street Journal.
- ^ Rowley, Melissa Jun. "How This Entrepreneur Is Countering Sexual Assault in Argentina One Taxi Ride At A Time". Forbes. Retrieved 2018-03-08.
- ^ Chu, Ben (28 July 2014). "Trader takes punt on taxis in Argentina". independent.co.uk. Retrieved 2017-01-14.
In the 1990s he researched derivative strategies at the US investment bank, before founding the hedge fund Titan Capital Group in 2011.
- ^ "Betting $100M on Buenos Aires Taxi Medallions". Bloomberg.
- ^ "Young Lions Fiction Award". New York Public Library.