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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. [1]
Career
Wall Street
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
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
Abrams helped fund an endowment for the New York Public Library Young Lions Fiction Award. [13]
References
- ^ 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.