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and within a few years, it had made enough to return money to most of its outside investors. As it no longer needed to solicit outsiders for capital, the firm had more flexibility on pursuing its own investment strategies without needing to disclose them. In late 1990s, TGS briefly appeared in the
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reported that the founders of TGS have been donating large sums of money away to charity anonymously. This was done by making use of many different subsidiaries under TGS to hide the source of funds. Donations include finding a cure for
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investigation. The three founders of TGS were not accused of any wrongdoing and after they started TGS, they kept many former PNP employees and investors.
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and Andrew
Shechtel. The name of the firm comes from the starting letters of its three founders' surnames. The three of them previously worked at
256:. It also wanted more generous tax treatment for donors who target rare diseases or contribute securities such as bonds to a private foundation.
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In the early 2000s, TGS lobbied
Congress on tax policy for three consecutive years. In 2001, it submitted a wish list of tax law changes to the
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reported that TGS has been acquiring land and office space in Irvine. As of
February 2023, TGS owns more than 60 acres in Irvine.
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TGS is known to be highly selective and hires individuals from quantitative backgrounds which include software engineers and
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191:. At least one fund was forced to dissolve leading to the British media dubbing the firm a "secretive U.S.
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news where it mounted an arbitrage campaign against several closed-end funds under the
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171:(PNP), the world's first quantitative hedge fund that was founded in 1969 by
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336:"The hedge fund job you didn't know you wanted that you probably can't get"
417:"Princeton/Newport, Target of U.S. Probe Linked to Drexel, Will Close"
175:. In December 1988, PNP closed due to financial burdens imposed by a
195:". At the time TGS was operating under the name Sierra Trading.
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480:"BrokerCheck - Find a broker, investment or financial advisor"
509:"TGS Management pays $ 240M to buy site for Irvine data hub"
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Investment management companies of the United States
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Hope, Gregory
Zuckerman and Bradley (May 21, 2017).
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415:Paltrow, Scot J.; Schine, Eric (December 9, 1988).
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177:Racketeer Influenced and Corrupt Organizations Act
1135:Financial services companies established in 1989
254:United States House Committee on Ways and Means
182:When TGS started trading, it pursued a form of
163:In 1989, TGS was founded by Frederick Taylor,
155:. It is known to maintain a very low profile.
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8:
1145:Privately held companies based in New Jersey
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1079:Alternative investment management companies
1056:Standards Board for Alternative Investments
397:: CS1 maint: numeric names: authors list (
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960:Taxation of private equity and hedge funds
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374:"Princeton Newport's Secretive Successor"
147:firm founded in 1989 that has offices in
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660:fixed-income relative-value investing
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228:gold medalist for $ 700,000 a year.
226:International Mathematical Olympiad
507:Rebong, Kevin (February 1, 2023).
14:
1130:1989 establishments in New Jersey
303:"The $ 13 Billion Mystery Angels"
1103:
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1084:
1083:
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535:"The Quants Run Wall Street Now"
16:American quantitative hedge fund
143:) is an American quantitative
1:
447:"New raiders hit Auld Reekie"
934:security characteristic line
922:Capital asset pricing model
641:Capital structure arbitrage
59:; 35 years ago
22:TGS Management Company, LLC
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724:Commodity trading advisors
169:Princeton-Newport Partners
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1061:Managed Funds Association
1005:High-net-worth individual
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513:The Real Deal Los Angeles
216:reported that TGS outbid
189:Scottish Investment Trust
26:
898:Arbitrage pricing theory
218:Renaissance Technologies
1010:Institutional investors
903:Assets under management
728:managed futures account
213:The Wall Street Journal
1035:Sovereign wealth funds
807:High-frequency trading
656:Fixed income arbitrage
877:Structured securities
693:Distressed securities
665:Statistical arbitrage
651:Equity market neutral
646:Convertible arbitrage
484:brokercheck.finra.org
453:. February 18, 2001.
184:statistical arbitrage
149:Princeton, New Jersey
145:investment management
48:Investment management
995:Financial endowments
940:Fundamental analysis
688:Shareholder activism
670:Volatility arbitrage
248:Political activities
242:Huntington's disease
113:Quantitative finance
1109:List of hedge funds
1099:Hedge fund managers
1015:Insurance companies
1000:Fund of hedge funds
908:Black–Scholes model
822:Proprietary trading
797:Algorithmic trading
764:Fund of hedge funds
539:Wall Street Journal
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965:Technical analysis
153:Irvine, California
100:, New Jersey, U.S.
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719:Convergence trade
703:Special situation
421:Los Angeles Times
340:eFinancialCareers
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573:Official website
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565:External links
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342:. May 21, 2014
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309:. May 14, 2014
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862:Fixed income
738:Global macro
680:Event-driven
550:. Retrieved
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487:. Retrieved
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462:. Retrieved
451:The Observer
450:
424:. Retrieved
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193:vulture fund
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94:Headquarters
36:Company type
18:
1089:Hedge funds
852:Derivatives
847:Commodities
802:Day trading
712:Directional
611:Hedge funds
552:February 9,
518:February 9,
489:February 9,
464:February 9,
426:February 9,
383:February 9,
346:February 9,
313:February 9,
222:Citadel LLC
109:Hedge funds
1124:Categories
1044:Governance
618:Investment
260:References
224:to hire a
159:Background
978:Investors
628:Arbitrage
547:0099-9660
459:0029-7712
98:Princeton
620:strategy
393:cite web
105:Products
72:Founders
44:Industry
840:Markets
831:Related
790:Trading
232:Charity
119:Website
62: (
54:Founded
912:Greeks
857:Equity
545:
457:
126:.tgsmc
955:Short
945:Hedge
926:alpha
833:terms
757:Other
930:beta
886:Misc
554:2023
543:ISSN
520:2023
491:2023
466:2023
455:ISSN
428:2023
399:link
385:2023
348:2023
315:2023
220:and
208:PhDs
151:and
128:.com
64:1989
57:1989
141:TGS
124:www
1126::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
