Alfred Samson Hou, Ph.D., Founder, President and Chief Investment Officer
sam.hou@truearrow.com
Sam is President and C.I.O. of True Arrow. He has 16 years
of experience in portfolio management and quantitative trading.
Prior to forming True Arrow, Sam was Managing Director of Quantitative Strategies at SAC
Capital Management. He led the business development of 13 global portfolio
teams, consisting of over 75 investment professionals . He oversaw a total portfolio value of over $16
Billion. He decided on new strategies and added three new
portfolio teams to SAC, forging new strategic directions in high-frequency trading and global macro.
From 2004 to 2008, Sam was a Quantitative Portfolio Manager at SAC, trading equity market-
neutral strategies in the US, Canada, Europe and Asia from SAC's San Francisco office. He formed a 4-
person group and built trading systems from scratch. At the peak, he and his group actively managed
over $1.1 Billion of securities and traded globally, 24 hours, 6 days a week.
From 1999 to 2004, Sam was a Vice President in Morgan Stanley's famed Process Driven Trading
Group, where for over five years, he researched models and traded statistical valuation and momentum
strategies with book values over $500 Million. He developed algorithmic execution, performance
attribution and risk measurement tools. He worked on transaction cost models and built trading engines.
Sam's background is in electrical engineering, with a focus on high-speed signal processing and
ultrafast measurement systems. He has been a lead hardware systems design engineer and inventor at
two Silicon Valley firms. He has 4 engineering patents and over 15 publications. At Stanford, he
placed fourth among 150 students in Ph.D. qualifying exams.
Stanford University, Ph.D. in Electrical Engineering
MIT, M.S./B.S. in Electrical Engineering
Lou Constable, Founder, Chief Technical Officer
lou.constable@truearrow.com
Prior to joining True Arrow in 2010 as Chief Technical Officer, from 2003 to 2010, Lou
managed operations and technology for SAC's quantitative group. The group has over a dozen global
portfolio teams, consisting of over 100 investment professionals. Lou's responsibilities included
support and on-boarding of portfolio teams, broker relationships, operations and technology
management.
Before joining SAC, Lou was the Principal of a boutique software firm, Ensilage Technologies,
from 2002 to 2003. Ensilage specialized in the development, integration and support of
market data handlers for historical, real-time and research market data. Ensilage sold solutions to
hedge funds, banks and market data vendors.
From 1996 to 2002, he was a Senior Director at Sailfish Systems, a division of Reuters, where
he managed support, systems, documentation and product management for a global risk management
system used by over 50 financial institutions worldwide.
From 1988 to 1995, he worked in the supercomputing industry where he developed solutions as
a systems programmer for the Cornell Theory Center and Pennsylvania State University's High
Performance Computing Center.
B.S. Computer Science; Pennsylvania State University
B.S. Mathematics; Pennsylvania State University
Minder Cheng, Ph.D., Advisory Board Member, General Partner, Investor
Minder Cheng serves on the Board of Directors at Investment Technology Group (“ITG”) and on the Strategic Advisory Board at
ParAccel. Minder is also Senior Advisor at Executive Networks.
Until July 2010, Minder was Chief Investment Officer for Index Equity and Capital Markets globally at BlackRock, based in San
Francisco. He was also a member of the firm’s Operating Committee. Minder joined BlackRock at the time of its 2009 acquisition of
Barclays Global Investors (“BGI”), where he was a member of the firm’s Executive Committee and worked in a variety of capacities
for the prior 10 years, including as Chief Investment Officer of BGI’s Equity and Capital Markets worldwide, with responsibility for
active equity, index equity, transition management, securities lending and cash products, as well as securities finance, corporate
governance, and equity, foreign exchange and futures trading activities.
Prior to BGI, Minder held research, strategy and proprietary trading roles at Convergence Asset Management in Connecticut,
Sumitomo Finance International in London, Salomon Brothers in Tokyo, and the New York Stock Exchange in New York.
B.A. National Taiwan University
Ph.D., M.S., M.B.A. University of California at Berkeley
Blake Grossman, Advisory Board Member, General Partner, Investor
Blake is primarily focused on private investments through his firm, CHJ Capital Management, LLC.
Previously, Blake was Chief Executive Officer of Barclays Global Investors, serving in that role until
the acquisition by Blackrock in December 2009, and then serving as Vice Chairman at BlackRock through 2010.
At Barclays Global Investors (“BGI”), prior to becoming CEO in 2002, Blake held various executive positions,
including serving as Chief Investment Officer from 1992 to 2002.
Blake also serves on the Board of Directors of Financial Engines, Inc.
M.A., A.B. Stanford University
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