{{short description|American hedge fund manager}} {{news release|1=article|date=September 2018}} '''Russell Abrams''' is an American hedge fund manager and entrepreneur who is the founder of Russellcar, a taxi cab rent-to-own company in Buenos Aires.<ref name=":0" />
== Career == === Wall Street === Abrams started a career on Wall Street working at Goldman Sachs Asset Management developing quantitative models and doing research for Fischer Black, co-developer of the Black–Scholes options pricing model.<ref name=":0">{{cite news|url=https://www.bloomberg.com/news/articles/2014-07-27/former-goldman-options-trader-moonlights-as-argentina-taxi-king|title=Former Goldman Options Trader Becomes Argentina Taxi King|last=Russo|first=Camila|date=28 July 2014|publisher=Bloomberg}}</ref> Between 1997 and 2000, Abrams was the co-head of Equity Derivatives and Convertible Arbitrage at Merrill Lynch.<ref>{{cite web|url=http://www.hedgeweek.com/2012/07/12/169677/titan-capital-group-%E2%80%93-best-relative-value-fund-manager|title=Titan Capital Group – Best Relative Value Fund Manager|date=7 December 2012|publisher=Hedgeweek}}</ref> In 2001, Abrams founded Titan Capital Group,<ref>{{Cite web|url=http://titancapital.net/index.asp|title=Titan Capital Group|website=titancapital.net|access-date=2017-01-07|archive-url=https://web.archive.org/web/20170109060858/http://titancapital.net/index.asp|archive-date=2017-01-09|url-status=dead}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=113871211&capId=4526005&previousCapId=145409859&previousTitle=Titan%20Capital%20Group,%20LLC|title=Russell Abrams: Executive Profile & Biography – Bloomberg|website=www.bloomberg.com|access-date=2017-01-16}}</ref><ref>Cited in ''Hedge Fund News'', May 2003, Issue 37 as "focusing on trading while two other partners take care of the business side"</ref> which was one of the first volatility arbitrage funds<ref name=":3">{{cite web|url=http://www.hedgeweek.com/2012/07/12/169677/titan-capital-group-%E2%80%93-best-relative-value-fund-manager|title=Titan Capital Group – Best Relative Value Fund Manager|date=12 July 2012|website=HedgeWeek.com|access-date=21 January 2018}}</ref><ref>''Hedge Fund News'', May 2003, Issue 37: What is volatility arbitrage?</ref> and at its height had over $1 billion AUM.<ref>See 2008 Numbers: http://www.technologyinvestor.com/?p=3644</ref> Titan funds were included in the Wall Street Journal's list of "The Hedge Fund 100" in 2009<ref>{{cite web|url=https://online.wsj.com/public/resources/documents/BA_HF100_090511.pdf|title=The Hedge Fund 100|publisher=The Wall Street Journal}}</ref> and 2010,{{Citation needed|date=May 2019}} and won ''Hedgeweek''<nowiki/>'s award for Best Relative Fund Manager in 2012.<ref name=":3" />
=== Russellcar === While at Titan, Abrams made strategic investments in Argentina, which led to Abrams and his wife, Sandra Piedrabuena, founding Russellcar.<ref name=":5">{{Cite news|url=https://www.forbes.com/sites/melissarowley/2018/03/07/how-this-entrepreneur-is-countering-sexual-assault-in-argentina-one-taxi-ride-at-a-time/#16f942d43e9e|title=How This Entrepreneur Is Countering Sexual Assault in Argentina One Taxi Ride At A Time|last=Rowley|first=Melissa Jun|work=Forbes|access-date=2018-03-08|language=en}}</ref> Abrams has pledged to spend over $100 million on sustainable-only vehicles.<ref name = indcouk20140728 /><ref>{{cite web|url=https://www.bloomberg.com/news/videos/b/a0ab58bf-5d6b-416a-9457-c990d16b1782|title=Betting $100M on Buenos Aires Taxi Medallions|publisher=Bloomberg}}</ref> The company offers credit to women in order to help them rent-to-own taxis.
== Other work == Abrams helped fund an endowment for the New York Public Library Young Lions Fiction Award.<ref>{{cite web|url=https://www.nypl.org/ylfa|title=Young Lions Fiction Award|publisher=New York Public Library}}</ref>
== References == <references>
<ref name = indcouk20140728>{{cite web | date = 28 July 2014 | last1 = Chu | first1 = Ben | url = https://www.independent.co.uk/news/business/news/trader-takes-punt-on-taxis-in-argentina-9634366.html | title = Trader takes punt on taxis in Argentina | work = independent.co.uk | quote = In the 1990s he researched derivative strategies at the US investment bank, before founding the hedge fund Titan Capital Group in 2011. | accessdate = 2017-01-14 }}</ref>
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{{DEFAULTSORT:Abrams, Russell}} Category:Year of birth missing (living people) Category:Living people Category:American hedge fund managers