Before starting Systematica Investments, Leda Braga was president and head of systematic trading at European hedge fund firm BlueCrest Capital Management. Prior to this, Braga was with Cygnifi Derivatives Services (a J.P. Morgan spin-off) since October 2001. At Cygnifi, she formed part of the management team and was head of its valuation service. Before Cygnifi, Braga spent nearly seven years at J.P. Morgan as a quantitative analyst in the derivatives research team. Her past experience includes modeling of interest-rate exotics, FX/interest-rate hybrid instruments and equity derivatives.
Braga holds a Ph.D. in engineering from Imperial College London, where she worked as a lecturer and led research projects for more than three years prior to joining J.P. Morgan.