SELECTED BIOGRAPHIES of QFS's senior management are provided below.  The firm currently employs over 30 professional staff. 

SANFORD J. GROSSMAN, Ph.D.

  Chairman and Chief Executive Officer

Sanford J. Grossman earned his B.A. in 1973, M.A. in 1974 and Ph.D. in 1975, all in Economics, from the University of Chicago.  Since receiving his doctorate, he has held academic appointments at Stanford University, the University of Chicago, Princeton University (as the John L. Weinberg Professor of Economics, 1985-89) and at the University of Pennsylvania’s Wharton School of Business.   At Wharton, Dr. Grossman held the position of Steinberg Trustee Professor of Finance from 1989 to 1999 (a title now held in Emeritus) and also served as the Director of the Wharton Center for Quantitative Finance (1994 – 1999).  

In addition, Dr. Grossman was an Economist with the Board of Governors of the Federal Reserve System (1977-78), and was a Public Director of the Chicago Board of Trade (1992-96).  In 1988, he was elected a Director, in 1992 served as Vice President, and in 1994 was President of the American Finance Association.

Dr. Grossman’s research has spanned the analysis of information in securities markets, corporate structure, property rights, and optimal dynamic risk management.  He has published widely in leading economic and business journals, including American Economic Review, Journal of Econometrics, Econometrica and Journal of Finance.  His papers include “The Existence of Futures Markets, Noisy Rational Expectations and Information Externalities”; “On the Efficiency of Competitive Stock Markets Where Traders Have Diverse Information”; “On the Impossibility of Informationally Efficient Markets,” with Joseph Stiglitz; “An Introduction to the Theory of Rational Expectations Under Asymmetric Information”; and “The Costs and Benefits of Ownership: A Theory of Vertical Integration,” with Oliver Hart.    

Dr. Grossman’s original contributions to economic research received official recognition when he was awarded the John Bates Clark Medal by the American Economic Association at its December 1987 annual meeting.  The Q-Group awarded him first prize in The Roger F. Murray Prize competition for the paper "An Analysis of the Implications for Stock and Future Price Volatility of Program Trading and Dynamic Hedging Strategies."  The Editorial Board of the Financial Analysts Journal awarded him the 1988 Graham and Dodd Scroll for "Program Trading and Market Volatility: A Report on Interday Relationships."  Dr. Grossman received a Mathematical Finance 1993 Best Paper Award for his article “Optimal Investment Strategies for Controlling Drawdowns.”  Dr. Grossman received the 1996 Leo Melamed Prize by the University of Chicago Graduate School of Business for outstanding scholarship by a professor.  In 2002, Dr. Grossman was recognized by the University of Chicago with its Professional Achievement Citation.  

BRUCE BARNES, Ph.D.

 Senior Advisor

Bruce Barnes, Ph.D. joined QFS as Senior Advisor in April 2007.  His focus at QFS is strategic planning and business development, as well as general management of the firm.

He was previously Chief Operating Officer at Reservoir Capital Group, a private investment firm with $3 billion currently under management. From 2000 to 2004, Dr. Barnes was chief executive officer of Element K, an online education firm that was in the private equity portfolio of Wasserstein & Co. He had previously served as co-head of private equity at Wasserstein & Co., and before that as managing director in the mergers and acquisitions group at Wasserstein, Perella & Co. From 1995 to 1996, Dr. Barnes was a partner at Ziff Brothers Investments, a family investment firm. Prior to that, he had been Senior Vice President and Chief Financial Officer of Ziff Communications Company, a privately-held publishing firm. Bruce Barnes earned his B.A. and Ph.D. in Economics from the University of Pennsylvania.

THERESA
R. PATTI, CFA

 Director of Business Development and Investor Relations

Theresa Patti is responsible for communicating QFS’s investment strategies, risk control methodologies and performance to current and prospective investors.  She works closely with the firm’s Chairman and President in monitoring and analyzing the risk and return characteristics of the investment strategies.  Ms. Patti participates in the development of the firm’s investment products incorporating new strategies.  Further, she is involved with QFS’s internal technology projects, outlining system design and acting as liaison between end-users and technology staff.   She joined QFS in April 2001.

Between 1995 and 2001, she worked for Rivel Research Group in the fields of investor relations consulting, financial marketing research and computer systems design and implementation.  In 1998 she was appointed as a member of Rivel's Executive Committee and was named Vice President in 2000. Ms. Patti earned her B.S. in Business Administration/Marketing in 1995, summa cum laude, from Southern Connecticut State University.  She earned the CFA® charter in 2006.

STEPHEN P. ENQUIST

  Chief Financial Officer

Steve Enquist joined QFS in 2002 as its Chief Financial Officer.  Since 1998, Steve had been the CFO for Morgens, Waterfall, Vintiadis & Co., a distressed debt and long/short equity hedge fund manager with nearly $1 billion in assets under management.  There, he was responsible for overseeing all accounting, reporting and back office functions.  Prior to MWV, Steve worked at Cerberus Partners, L.P. since 1994, where he was involved with the founding of Blackacre Capital Management, LLC, a real estate investment firm.  Before Cerberus, Steve’s other work experience includes Oppenheimer & Co., Goldman Sachs, J.P. Morgan Investment Management and Deloitte and Touche.  He holds a B.S. in economics from the Wharton School of Business at the University of Pennsylvania. 

DAVID L. ZIMMERMAN, ESQ.

 General Counsel

David Zimmerman joined QFS in early 2006 as its General Counsel & Chief Compliance Officer. Prior to joining QFS, David served for two years as the Chief Compliance Officer of Chilton Investment Company, which manages long/short equity hedge funds. Before joining Chilton, David was general counsel for LiveWire Capital, LLC, a private equity investment and management group focused on the technology sector. David’s earlier experience includes work on mergers and acquisitions and investment management at Davis Polk & Wardwell. He received his B.A. from Yale University and his J.D. from Columbia Law School (where he was a Harlan Fiske Stone Scholar).

 Vice President of Operations and Administration

Mitchell Maresco joined QFS as its Manager of Operations in 2000.  In his current role as Vice President of Operations and Administration, Mr. Maresco manages operations, which includes trade confirmation/reconciliation, cash management, and custodial management as well as overseeing various administrative functions.  Mr. Maresco has worked in the financial services industry for over twenty years, mainly in the operations and financial/managerial accounting departments of firms including Long-Term Capital Management, Salomon Brothers, Nikko Securities and Barclays Bank.  Mitchell holds a BBA degree in Marketing from Iona College.