Pete Muller (businessman and singer-songwriter)
Pete Muller is an American businessman, singer-songwriter, and philanthropist.[1]
Pete Muller | |
---|---|
Nationality | United States |
Alma mater | Princeton University |
Occupation | Hedge fund manager, singer-songwriter |
Known for | Founder of PDT Partners |
Spouse(s) | Jillian Muller |
Muller is a hedge fund manager and quantitative trader who founded PDT Partners in 1993 as part of Morgan Stanley's trading division, which spun out as an independent business in 2012. He was described by Bloomberg.com as an "unlikely executive," a math wizard, and a person with diverse intellectual interests and hobbies.
As a singer-songwriter, Muller has recorded and released four studio albums.[2] His original song, "San Diego (When You Coming Home)," reached No. 27 on the Billboard Adult Contemporary Chart in March 2020.[3] In September of that same year, his single "God and Democracy" also reached the Billboard Adult Contemporary Top 30.[4]
Early life and education
Muller was raised in Wayne, New Jersey with his sister. His parents were both immigrants to the United States; his Austrian-born father was an engineer and his mother, a native of Brazil, was a practicing psychiatrist.
Muller graduated in mathematics with honors from Princeton University, where he also played Ultimate Frisbee and was a member of the Colonial Club.[5]
Business career
Muller began working at Barra Inc., a quantitative firm in Berkeley, California. After doing contract work as a Barra representative for Renaissance Technologies, he was offered a job at Renaissance, but turned it down because his belief in the efficient market hypothesis made him skeptical of Renaissance's claimed high rate of return. In 1992, he proposed using Barra's quantitative techniques to forecast returns rather than just model risk, so that Barra could manage money itself. His proposal was rejected, and he joined Morgan Stanley in 1992.[5][6]
Muller founded PDT (Process Driven Trading) Partners inside Morgan Stanley in 1993 and serves as Founder and CEO. PDT has offices in New York City and London and has returned 20% on average annually through 2010.[7][8]
Musical career
A singer-songwriter and pianist, Muller tours regularly and has made appearances at music events such as Montreux Jazz Festival in Switzerland, the Jazz Open in Stuttgart, Germany, and the Telluride Jazz Festival.[9] In the early stages of his music career, Muller played the electronic keyboard in New York City Subway.[8][5]
In 2019, Muller released his fourth studio album, Dissolve, produced by renowned Rob Mathes. It was featured in American Songwriter and People magazine.[10] "San Diego (When You Coming Home)," from that album, reached No. 27 on the Billboard Adult Contemporary Chart. His latest single, "God and Democracy,” was a Top 30 hit on the Billboard Adult Contemporary Chart in the Summer of 2020.[4]
Philanthropy
Muller's main philanthropic interests are music, math, and the environment. He is founding board member of Math for America[11] and a Berklee College of Music Trustee.[12] In September 2017, with the support of the New York City Mayor's Office of Media and Entertainment and the Economic Development Corporation, Muller with Berklee acquired Avatar Studios, also known as The Power Station,[13] which gained renown as one of the finest acoustic environments for recording in the world.[14]
Personal life
Muller is married to his wife Jillian and together they have two children.[15] He writes crossword puzzles for the New York Times periodically[8] and has a monthly feature in The Washington Post .[16] In 1998, Muller made the final table of the $3,000 Limit Hold 'em event at the World Series of Poker and came in 4th at the World Poker Challenge.[17] He also practices vinyasa yoga, snowboards, and surfs.
References
- "This Hedge Fund Superstar Has a Singer-Songwriter Side Gig". Bloomberg. Retrieved September 16, 2019.
- "Official Page of Pete Muller Singer Songwriter". Retrieved October 23, 2017.
- "BDSRadio". Archived from the original on March 22, 2020. Retrieved March 22, 2020.
- "Billboard Adult Contemporary Chart: Week Ending September 26, 2020". billboard.com. September 26, 2020. Retrieved December 7, 2020.
- Wachtel, Katya (July 7, 2011). "We've Never Been More in Awe of Someone's Life Than We Are of Quant Legend Pete Muller's". Business Insider. Retrieved July 21, 2017.
- Teitelbaum, Richard (July 6, 2011). "Morgan Stanley Yoga-Troubadour-Crossword-Math Pro Muller Flees". Bloomberg L.P. Retrieved July 20, 2017.
- "PDT Partners History". PDT Partners. PDT Partners. Retrieved July 21, 2017.
- Levy, Rachael (October 27, 2016). "How a hedge fund legend took time out, busked on the New York subway, and found himself in the process". Business Insider. Retrieved July 21, 2017.
- Levy, Rachael (July 10, 2017). "The founder of a $5 billion hedge fund just kicked off a summer music tour". Business Insider. Retrieved October 23, 2017.
- "Singer Pete Muller Pays Tribute to His Late Mother with Touching New Song 'Alive in Me'". People. Retrieved April 10, 2020.
- "Peter Muller". Math for America. Archived from the original on December 29, 2013. Retrieved August 1, 2014.
- "Berklee College of Music: Trustees". Retrieved October 23, 2017.
- Light, Alan (September 5, 2017). "Power Station, Storied Manhattan Recording Studio, to Be Revived". Retrieved October 23, 2017.
- Noto, Anthony (October 14, 2015). "What will become of this legendary Manhattan music studio?". New York Business Journal. Retrieved October 23, 2017.
- "Peter Muller". Berklee. Berklee. Retrieved July 21, 2017.
- "Washington Post Monthly Meta Puzzle". The Washington Post. Retrieved April 10, 2020.
- "World Poker Tour: Tournament Info". Retrieved October 23, 2017.