Russell Abrams

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, 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]

gollark: I expect to mostly get clothes and stuff, which I don't need.
gollark: BEE the lack of good OCR stuff.
gollark: It's not, the preview is wrong.
gollark: I TOTALLY want to transcribe the content from that screenshot.
gollark: This is in order to forward SSH traffic to kit more effectively.

References
  1. Russo, Camila (28 July 2014). "Former Goldman Options Trader Becomes Argentina Taxi King". Bloomberg.
  2. "Titan Capital Group – Best Relative Value Fund Manager". Hedgeweek. 7 December 2012.
  3. "Titan Capital Group". titancapital.net. Archived from the original on 2017-01-09. Retrieved 2017-01-07.
  4. "Russell Abrams: Executive Profile & Biography – Bloomberg". www.bloomberg.com. Retrieved 2017-01-16.
  5. Cited in Hedge Fund News, May 2003, Issue 37 as "focusing on trading while two other partners take care of the business side"
  6. "Titan Capital Group – Best Relative Value Fund Manager". HedgeWeek.com. 12 July 2012. Retrieved 21 January 2018.
  7. Hedge Fund News, May 2003, Issue 37: What is volatility arbitrage?
  8. See 2008 Numbers: http://www.technologyinvestor.com/?p=3644
  9. "The Hedge Fund 100" (PDF). The Wall Street Journal.
  10. Rowley, Melissa Jun. "How This Entrepreneur Is Countering Sexual Assault in Argentina One Taxi Ride At A Time". Forbes. Retrieved 2018-03-08.
  11. 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.
  12. "Betting $100M on Buenos Aires Taxi Medallions". Bloomberg.
  13. "Young Lions Fiction Award". New York Public Library.
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