Calgary-based hedge fund manager Ross Smith Asset Management Wednesday announce the appointment of both Joseph Perry and Chris Preston as co-CEOs.
Perry is a 19-year veteran of the securities industry, starting with Montgomery Securities in San Francisco in 1994. In 1998, Perry founded and was the managing member of Speed Trading Partners LLC, a proprietary trading firm and a member of the Chicago Stock Exchange. In 2001, he founded, and was the managing ,ember of RedSky Financial LLC, a FINRA broker dealer that focused on providing trading technology to hedge funds, proprietary trading groups, and professional traders. In 2007, Perry oversaw the sale of RedSky Financial LLC to Investment Technology Group (ITG).
Preston spent six years with S.A.C. Capital, serving on the team that developed its first electronic trading platform. He has also led the build out of several high frequency trading systems across various asset classes and markets.
“Joe and Chris share the board’s vision of Ross Smith’s potential in the market and bring tremendous experience and expertise to our business,” said Allan Ross, president and chairman of Ross Smith. “Joe and Chris have had a very close relationship with our firm over the past two years managing the build-out of our proprietary trading technology and we are very excited to have them join our leadership team.”
Ross Smith’s two hedge funds – Capital Investment Fund and Opportunities Fund — are available to qualified Canadian individuals and institutional investors only.