Quant hedge fund Engineers Gate has topped $4bn in assets under management and grown its portfolio manager count to over 75, capping off a multi-year rebound marked by strong double-digit returns, according to a report by Business Insider.
The firm is up approximately 12% year-to-date through May, extending a winning streak that included 13.6% and 10.5% gains in 2023 and 2024, respectively.
Once struggling with redemptions and reputational fallout in 2020, Engineers Gate has sharply reversed course under CEO Greg Eisner, expanding geographically and diversifying strategies. The fund launched a Singapore office in 2023 and added a fundamental investing division in early 2025 led by ex-Schonfeld PM Mike Daylamani.
While rapid growth has tested other multi-manager firms like Schonfeld and Eisler, Engineers Gate’s expansion appears to be backed by sustained performance. Notably, it also made a successful early investment in TwinBeech Capital, one of the standout quant launches in recent years.
