Steven Binetter

Steven Binetter is an experienced investment professional headquartered in the New York metropolitan area, with nearly twenty years of expertise in managing assets across public and private markets. Over the course of his career, he has built a reputation for disciplined portfolio management, strong returns, and a balanced blend of fundamental and systematic investment approaches. From 2015 to 2025, Binetter held senior leadership roles at Marshall Wace, a global long/short equity hedge fund overseeing roughly $70 billion in assets. Starting as a Portfolio Manager and later advancing to Partner in 2023, he served as the sole investment representative on the firm’s U.S. Management Committee. His contributions centered on strategy development, portfolio oversight, and risk management, consistently delivering performance at scale through varied market environments. Steve Binetter joined Marshall Wace when the firm managed around $15 billion and had a relatively small U.S. team of about 25 employees. Soon after joining, he established the Global Industrials strategy, internally known as the Eureka Fund. The strategy launched with approximately $200 million in gross market value and expanded rapidly—reaching $1.5 billion by 2016 and operating between $3 and $7 billion in the years that followed. He led a seven-member investment team noted for its stability and cohesion, achieving minimal turnover across a decade. The portfolio typically maintained about 75% exposure to U.S. markets and 25% to international equities. His investment coverage has spanned industrials, business services, technology, media and telecommunications (TMT), consumer, non-bank financials, and life science tools. In addition to traditional equity research, Binetter implemented quantamental and systematic sub-strategies that enhanced alpha generation while supporting portfolio risk objectives. He also chaired the firm’s quarterly investment meetings, ensuring cross-team coordination in research, portfolio construction, and risk oversight.