Steven Schonfeld

Net Worth

$2.035B

0% (24h)

Steven Schonfeld is a prominent figure in the finance industry, renowned as the founder of Schonfeld Strategic Advisors, a leading multi-strategy hedge fund. Born in 1959, Schonfeld's career began in the 1980s as a proprietary trader, driven by a passion for numbers and statistical analysis. His net worth, as of December 16, 2025, is approximately $2.0 billion. Schonfeld's wealth stems primarily from his hedge fund ventures, demonstrating his expertise in algorithmic trading strategies and investment management. He is known for his strategic approach to the market and his ability to develop and mentor successful traders. Schonfeld, a graduate of Emory University, is married with three children and resides in Old Westbury, New York. He has also made philanthropic contributions through the Steven B Schonfeld Foundation, supporting educational opportunities, especially for women in STEM fields.

The Full Dossier

Early Life and Education

Steven Schonfeld's journey began in the 1980s after graduating from Emory University with a degree in Business Administration. His fascination with numbers and statistics became the foundation of his career in the financial world. He started his career working in the financial industry, using his aptitude for numbers to develop successful trading strategies.

Rise to Success

In 1988, Schonfeld founded a proprietary trading firm with $400,000 he had earned while working as a stockbroker. Schonfeld's firm initially specialized in short-term trading and quickly became one of Wall Street's most profitable firms. Over the years, Schonfeld evolved his business model, eventually transforming it into a multi-strategy hedge fund, Schonfeld Strategic Advisors, which opened to outside investors in 2016. His firm's trading strategies generated a return of about 16% in 2018.

Key Business Strategies

Schonfeld's success is rooted in his innovative approach to trading. He pioneered statistical trading strategies that are still in use today. His firm, Schonfeld Strategic Advisors, invests across quantitative, fundamental equity, tactical, and discretionary macro & fixed income trading strategies. Schonfeld's strategic vision includes building a team of star traders and expanding internationally, with offices in key financial hubs around the world.

Philanthropy

Steven Schonfeld and his foundation have demonstrated a commitment to philanthropy, particularly in education. The Steven B Schonfeld Foundation supports students pursuing computer science and computer engineering degrees, with a particular emphasis on female students, contributing to the growth of STEM fields.

Career Timeline

2023

University of Miami Scholarship

Partnered with the University of Miami to establish the Steven B Schonfeld Computer Science and Computer Engineering Scholarship and Award

2019

International Expansion

Opened offices in London and other global financial centers.

2016

Schonfeld Strategic Advisors

Became a SEC-registered investment advisor and opened to outside capital.

1998

Launched Hedge Fund Allocation Platform

Diversified business to include investing in hedge funds.

1988

Founded Schonfeld

Established a proprietary trading firm specializing in short-term trading.

Philanthropic Impact

Education$X

Steven B Schonfeld Computer Science and Computer Engineering Scholarship

Supports students pursuing computer science and computer engineering degrees at the University of Miami, with a particular emphasis on female students.