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About

Tocaya Capital is a quantitative investment firm focused on event-driven investing powered by specialized AI and proprietary data. Our objective is to generate sustainable idiosyncratic alpha that is uncorrelated with other assets and strategies. We employ a systematic, market-neutral, U.S. equity strategy capitalizing on investor biases exposed by market-moving news. We find opportunities in corners of the market where institutional and behavioral biases persist. We believe inefficiencies will remain as long as humans make decisions in the market.

We study events that influence the fundamental outlook of companies and provide consistent sources of market moving information. By uncovering biased reactions to these events we are able to build strategies that provide unique return streams. Our strategies are powered by quantitative models that use artificial intelligence to make automated investment decisions. These models identify subtle, non-linear patterns from millions of disparate data points in order to detect mispricing caused by investor biases related to market-moving news. The combination of our systematic trading strategy, uncompromising data quality standards and understanding of market dynamics drives our ability to capture returns in short-lived investment opportunities.

To learn more about our investment approach, contact us or visit our research page where we write about investor biases, artificial intelligence and quantitative investing.

Team

Alex Gillula
Founder

Alex is an event-prediction specialist and expert in quantitative investing methods. As the manager of Tocaya Capital, he maintains primary responsibility for the investment decisions and strategy. His quantitative expertise and market knowledge drive the development of Tocaya's unique event-driven investment approach.

Before founding Tocaya Capital, Alex was the global product manager for Markit's Transaction Cost Analysis business. At Markit, he managed a team of quantitative analysts and oversaw Transaction Cost Analysis research, development, client service, and sales. Prior to Markit, Alex was a senior quantitative analyst for Quantitative Services Group, where he developed novel transaction cost analysis metrics and worked closely with buy-side and sell-side trading desks to help traders reduce trading costs.

Alex graduated with Highest Honors from Washington University in St. Louis with degrees in Systems Science and Engineering and Finance with a minor in Mathematics.



Ronald Ang

Ronald has a background in client facing quantitative roles and maintains responsibilities of business development as well as research at Tocaya.

Prior to joining Tocaya, Ronald worked at various buy-side and sell-side firms, utilizing data to develop actionable insights that helped drive investing and business decisions. Most recently at a long-only value investment firm, Ronald was the key driver in advancing the use of quantitative analysis to streamline and enhance all business areas. Before that, he was an Execution Consultant with the Institutional Trading team at Bank of America Merrill Lynch, where he worked to help clients improve, optimize and implement their trading strategies. Prior to that, he worked as a quantitative analyst at Markit.

Ronald holds degrees of Computer Science from Georgia Institute of Technology and Statistics from University College London.



Sina Foroohar

Sina is a Portfolio Manager at Tocaya Capital and has 20 years of experience in financial markets. He joined Tocaya in 2022 where his responsibilities include research, portfolio construction, and business development.

Sina began his career as a trader at the CBOT and CME and went on to co-found a proprietary trading firm that specialized in interest rate derivatives. Prior to joining Tocaya, Sina co-founded a firm that specialized in developing quantitative trading signals on equities and options for institutional investors. He has additionally served as a management consultant to the largest market making firm and as a data strategy and data science advisor to multiple alternative data providers.

Sina graduated with Honors in Economics from Northwestern University.

Careers

We are always looking for exceptional talent to join our team. We value the following skills and experiences:

  • Exceptional attention to detail, passionate curiosity and tenacious self-motivation
  • Prior experience successfully applying quantitative methods to build investment strategies
  • Proficiency in any programming language with experience in data manipulation and analysis

If you believe you would be a great fit on our team and are interested in learning more about opportunities at Tocaya Capital, please contact us directly.

Contact Us

For general inquiries, please use the contact form below:
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