Who We Are
FFCM LLC is the investment advisor to the QuantShares ETF family.
QuantShares is a family of four passively managed, market neutral, and sector neutral ETFs. Each offering invests in an equal dollar of long and short U.S. equities within the Dow Jones U.S Index. Our ETFs provide exposure to important quantitative factors that drive equity returns such as beta, momentum, value, and size.
Bill Carey, CEO
Chief Executive Officer
William Carey has over 30 years of experience in the financial services industry with expertise in leading institutional retirement, asset management, and investment advisory businesses, and previously served as President of F-Squared Retirement Solutions, a registered investment advisory firm. Prior to that he held senior-level positions at leading financial services firms. He spent 15 years at Fidelity Investments where his responsibilities included serving as President of Fidelity Institutional Retirement Services Company, the nation's largest provider of retirement plan services for more than 12 million employees and 13,000 corporate and tax-exempt organizations. He also served as President of Fidelity Registered Investment Advisor Group supporting the needs of the wealth management industry. Mr. Carey also operated in executive roles at Aetna, Bank of America, and Oppenheimer funds. He is actively involved on industry boards and organizations.
William received a BA in Economics from Bates College. He has served on a number of not-for-profit boards and is currently a trustee for Bates College.
Bill DeRoche, CFA
Chief Investment Officer and Portfolio Manager
Prior to joining FFCM, Bill was a Vice President at State Street Global Advisors and was the head of the U.S. Enhanced Equities team. His focus was on managing long only and 130/30 US strategies, as well as providing research on SSgA’s stock-ranking models and portfolio construction techniques. During Bill’s time at SSgA, the Global Enhanced Equities team grew to over $100 billion in assets. Prior to joining SSgA in 2003, Bill was a quantitative analyst and portfolio manager at Putnam Investments. Bill has been working in the investment management field since 1995.
Bill holds a Bachelor’s degree in Electrical Engineering from the United States Naval Academy and a Master of Business Administration degree from the Amos Tuck School of Business Administration at Dartmouth College. He also has earned the Chartered Financial Analyst designation. Bill holds FINRA licenses 7,63 and 24.
Chuck Martin, CFA
Chief Financial Officer and Portfolio Manager
Prior to joining FFCM, Chuck was a Vice President at State Street Global Advisors and a Senior Portfolio Manager in the firm’s Global Enhanced Equities group. He provided research and portfolio management for multiple investment strategies including large and small cap 130/30 funds. During Chuck’s time at SSgA, the Global Enhanced Equities team grew from $3 billion in assets to over $100 billion. Prior to joining SSgA in 2001, Chuck was an equity analyst at SunTrust Equitable Securities where he covered technology companies. Chuck has worked in the investment industry since 1993.
Chuck earned his Bachelor of Arts degree in Economics from Colby College and his Master of Business Administration degree in Finance from Georgetown University. He also has earned the Chartered Financial Analyst designation. Chuck holds FINRA licenses 7 and 63
Philip Lee, PhD
Chief Operations Officer and Portfolio Manager
Prior to joining FFCM, Phil was an equity strategist at Platinum Grove Asset Management LP responsible for supervising electronic trade execution, automating trade operations, and building out systems infrastructure. Prior to that role, he co-managed statistical arbitrage strategies in the Japanese Equity Market. Previously, Phil was Director of Development at Principia Capital Management, LLC, a statistical arbitrage hedge fund, where he developed the firm’s quantitative research and trading platforms. Prior to joining Principia, Phil was a Vice President in Goldman Sachs’ Fixed Income Derivatives. He has fifteen years of investment experience.
Phil holds engineering degrees from the University of Pennsylvania (PhD) and The Cooper Union.
Prior to joining FFCM, Kevin was an Assistant Vice President at Columbia Management. He covered the broker/dealer division working a variety of territories inclusive of Michigan, Indiana, Pennsylvania and New York. Prior to joining Columbia Management in 2007, Kevin was a service trader and an investment consultant for individual investors with Fidelity Investments. Kevin earned his Bachelors of Business Administration from the Eugene M. Isenberg School of Management at the University of Massachusetts at Amherst, where he was a member of their Varsity Ski Team. He holds FINRA 7, 63 and 66 licenses.