As Chief Investment Officer of AlphaSimplex, Dr. Modest is responsible for the day-to-day supervision of the research team and the implementation of the firm’s investment strategies. In addition to monitoring and enhancing existing strategies, Dr. Modest devotes his time to designing and developing new strategies. He is a permanent member of the Investment Committee and Risk Committee. Dr. Modest is also a member of the Board of Directors. Dr. Modest has over 35 years of industry and academic experience.
Dr. Modest joined AlphaSimplex in 2016 from Osprey Bay Capital Management LLC, a systematic investment firm he founded and where he served as a Managing Partner and Chief Investment Officer. Previously, he was Head of External Manager Investments and Manager Selection at Soros Fund Management LLC. Prior to that, he was a founding partner at Azimuth Alternative Asset Management LLP and also held senior trading and risk positions at Morgan Stanley & Co. and J.P. Morgan Chase. In addition, Dr. Modest was a founding member and partner of Long-Term Capital Management LP, where he built the firm’s relative value equity business.
Dr. Modest has served as a finance professor at Columbia Business School, as well as received tenure at the Haas School of Business at the University of California at Berkeley where he was the Harold Furst Professor of Management Philosophy and Values. He has also taught at the Sloan School of Management at MIT and the Stanford Business School.
Dr. Modest received his B.S. and Ph.D. degrees in Economics from MIT.