As Senior Advisor at AlphaSimplex, Dr. Modest advises the Chief Investment Officer and the research team on matters related to the firm’s investment strategies. Dr. Modest has over 35 years of industry and academic experience.
Dr. Modest joined AlphaSimplex in 2016 as Chief Investment Officer and served in this role until August of 2018. He joined AlphaSimplex 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 S.B. and Ph.D. degrees in Economics from MIT.