Steven Schonfeld was born in United States, is Founder, Schonfeld GroupFounder, Schonfeld Group. Son of a fabric manufacturer, Steven Schonfeld founded a proprietary trading firm on New York's Long Island, Schonfeld Group, in 1988. He fronted cash to teams that rapidly traded stocks and futures and by 2001 he employed 1,100 traders. But in recent years his firm morphed into a family office that more resembled a classic multi-manager investment operation that pursues different strategies ranging from quantitative to fundamental equity. Returns were strong in 2015 and the firm is now taking outside client money for the first time ever.