David Bookstaber

Work Experience

Boniface LLC — Owner
  • Consulting CFO and COO.
  • Engineering Consultant.

AQR Capital — Consulting Quantitative Analyst
  • Analyzed futures markets to characterize liquidity and risk to AQR’s futures strategies.
  • Developed short-term expected return models to improve futures trading and strategy implementation.

Alpha Rising LLC — Partner
  • Researched strategies and implemented intraday trading systems for both U.S. equities and Chinese futures as sub-advisor for two different investment management companies. Operated profitably until Chinese government effectively closed index futures in September 2015.

AQR Capital — Associate
  • Built data systems to support launch and operation of new Bermuda-based reinsurance funds.
  • Created robust optimization algorithms for diversified portfolios of reinsurance and catastrophe bonds.
  • Developed monitors to quantify risk, expected cash flows, tail events, and currency exposure.

Magnetar Capital — Quant Analyst
  • Built realtime risk and performance monitors for a high-frequency stock trading system. Coupled production systems with massive historical databases to support a full research and implementation cycle, which ranged from historical identification of alpha sources ("edge") through decomposition of production slippage.
  • Designed a generalized research and development system for comprehensive alpha analysis, backtesting, and implementation of low-frequency quantitative strategies.
  • Completed detailed analysis of the characteristics of exchange-traded and closed-end funds for arbitrage.
  • Worked closely with theorists on the reinsurance business, including Bob Jarrow, to build and run an insurance-like strategy trading commodity futures and options.

Morgan Stanley — FrontPoint Quantitative Fund Portfolio Manager
Co-manager of an international quantitative market-neutral equity hedge fund.
  • Built an MS SQL database-backed production system in .NET that maintained $400MM in North American, Japanese, and European stocks based on quantitative signals combined with proprietary optimization and risk-control algorithms. Integrated our system with FrontPoint’s trading and order management systems.
  • Developed realtime trading components integrating FIX messaging for automated algorithmic execution, as well as realtime data scrapers for accessing and parsing news and SEC filings.
  • Created and used quantitative research platform to evaluate and test myriad data sources, models, and strategies.

Scribe Reports — Partner

Led remote development team from concept through release of online performance attribution and risk analysis reports for hedge funds. Coded core analytics in C++. Tested and refined web interface. Wrote technical specifications for Java middleware to bridge Linux-based database, web, and production server components.

United States Air Force — Captain
Electronic Systems Center — Scientist, Hanscom AFB
Led modeling and simulation teams in Air Force strategy and system analysis group.

Electronic Systems Center — Program Manager, Hanscom AFB
Security Lead for the Air Force Global Command & Control System. Officer in charge of security testing and certification of C2 systems. Engineered secure-network architectures and operating procedures that saved money and increased capacity. Authored security documentation and policy. Led proposal, source selection, and administration of software development contract.

15th Operations Support Squadron — Assistant Chief, Weather Ops, Hickam AFB
Managed team of forecasters. Troubleshot and upgraded forecasting equipment. Automated weather forecasting tasks and training, resulting in streamlined operations and record inspection scores for the flight. Supervisor of showcase Base Operations facility. Served as Investigating Officer for the Wing Inspector General.

Statistical Arbitrage Trading System — Sole Developer (part-time)

Coded, tested, refined, marketed, and implemented a stat-arb strategy to hedge daily trades in equities. Sourced and integrated market data feeds. Developed automated trading interface with money management firm. Operated system and created daily risk-management and performance reports.

Microsoft — Intern Program Manager, Redmond, Washington
Summer 1998

Performed product management, testing, and troubleshooting for the SQL On-Line Analytical Processing group.

Goldman Sachs — Intern Analyst, New York City
Summer 1997

Organized internal recruiting and training for Fixed Income, Currency & Commodities Division.


Yale University, New Haven, Connecticut.

B.S. in Computer Science and Mathematics, May 1999, Magna Cum Laude, with Distinction. GPA: 3.8

Air Force ROTC Scholarship. Scholarship from Department of Education’s Science Academy. Tau Beta Pi. Elizabethan Club.

Loomis Chaffee School, Windsor, Connecticut.

Diploma 1993, Cum Laude. 3-year Varsity Riflery. Eagle Scout.