Christina Qi Goes From Welfare to Wall Street 

Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Immigrants and refugees are a net economic benefit to host countries like the United States. Research has consistently shown they help create jobs and add an important dynamism to our economy. This is the case even when there is initial investment on behalf of the state, through education, English classes or welfare. Immigrants pay more into the system than they get out.  For Christina Qi, who started a hedge fund at just 22, the welfare she was on in her early years in Utah after moving from China helped stabilize her youth and pave the way for her to attend MIT. She went on to co-found Domeyard, a quantitative trading firm, in 2013, among the longest running high-frequency trading hedge funds in the world, and was trading up to $7 billion dollars a day. In 2019, she founded Databento, an on-demand data platform for asset managers and quantitative analysts. Being an immigrant, Asian and a woman in the cutthroat, male-dominated world of Wall Street didn’t deter her. Nor did she forget those who helped get her to where she is today. As you’ll soon learn in this week’s JobMakers podcast.

Guest

Christina Qi is the CEO of Databento, an on-demand data platform for asset managers and quants. She is also a Founding Partner of Domeyard LP, among the longest running high-frequency trading hedge funds in the world. She started the firm 8 years ago from her dorm room with $1,000 in savings, and it trades up to $7.1 billion per day. Her company’s story has been prominently featured in Forbes and Nikkei, and she has been quoted in The Wall Street Journal, Bloomberg, CNN, NBC, and the Financial Times. Christina is a contributor to the World Economic Forum’s research on AI in finance. She is a visiting lecturer at MIT, and teaches Domeyard’s case study at Harvard Business School and other universities. Christina was elected as a Member of the MIT Corporation, MIT’s Board of Trustees, and Co-Chair of the Board of Invest in Girls in 2019. Christina also sits on the Board of Directors of The Financial Executives Alliance (FEA) Hedge Fund Group, drives entrepreneurship efforts at the MIT Sloan Boston Alumni Association (MIT SBAA), and served on the U.S. Non-Profit Boards Committee of 100 Women in Finance for five years. Her work in finance earned her a spot on the Forbes 30 Under 30, where she is now a board member. Christina holds a Bachelor of Science in Management Science from MIT and is a CAIA Charterholder. She is publishing a book in 2021, The Finance Snake: A Memoir About My Billion Dollar Hedge Fund.

Get new episodes of JobMakers in your inbox!

Browse Pioneer’s Podcasts:

College Debt Explained: Education Pays When Students Choose Wisely

Hubwonk host Joe Selvaggi talks with American Enterprise Institute resident fellow and education economist Beth Akers about the American student debt crisis (totalling $1.6 trillion). They explore who borrows, who is in debt, and which policy choices might best serve the financial needs of every student. 

Civil Rights Leader Bob Woodson on 1776 Unites & Race in America

This week on “The Learning Curve," co-hosts Cara Candal and Gerard Robinson talk with Robert Woodson, Sr., founder and president of the Woodson Center that supports neighborhood-based initiatives to revitalize low-income communities, as well as author and editor of the May 2021 book, "Red, White, and Black."

Chasing Election Integrity: Strict Voter ID Laws’ Impact on Turnout and Fraud

Joe Selvaggi talks with Harvard Business School Professor Vincent Pons about his recently released NBER paper on the effects of strict voter ID laws on voter behavior and fraud across the United States over 10 years, examining the results of the 1.6 billion observation dataset by age, race, gender, and party affiliation.

Mariam Memarsadeghi on Freeing Iran, Civic Ed, & Immigrant Portraits

This week on “The Learning Curve," co-host Cara Candal and guest co-host Derrell Bradford talk with Mariam Memarsadeghi, senior fellow at the Macdonald-Laurier Institute. Mariam shares remembrances from her early years spent in the Shah’s Iran, and emigration to the U.S. shortly after Ayatollah Khomeini’s revolution in 1979.

The Oldest Hatred: Calling Out Antisemitism In Its Many Forms

Hubwonk host Joe Selvaggi talks with Boston Globe opinion writer Jeff Jacoby about the troubling increase in antisemitic incidents, including the recent attack on a Boston rabbi, and how our current political rancor fans the flames of bigotry nationwide.

Independent Institute’s Dr. Morgan Hunter on Teaching Greco-Roman History to High Schoolers

This week on “The Learning Curve," co-hosts Gerard Robinson and Cara Candal talk with Dr. Morgan Hunter, Research Fellow at the Independent Institute in California, and co-author with Dr. Victor Davis Hanson and Dr. Williamson Evers, of the white paper, Is It Time for a “490 B.C. Project”?: High Schoolers Need to Know Our Classical Heritage.

Aurora Institute’s Susan Patrick on Digital Learning Lessons from COVID-19

This week on “The Learning Curve," co-hosts Gerard Robinson and Cara Candal talk with Susan Patrick, the President and CEO of Aurora Institute and co-founder of CompetencyWorks. Susan shares observations about the long-term implications of the COVID-19 pandemic for American K-12 education, and the prospects for expanding digital learning.

Court Preserves Privacy: First Amendment Ruling Defends Non-Profits From Modern-Day McCarthyism

Hubwonk Host Joe Selvaggi talks with CATO research fellow and constitutional scholar Trevor Burrus about the recent Supreme Court ruling, Americans For Prosperity Foundation v. Bonta, reaffirming the right to privacy by denying the state of California the right to compel non-profits to disclose their list of donors.

Pulitzer Prize-Winning Prof. David Hackett Fischer on Paul Revere, George Washington, & American Independence

This week on “The Learning Curve," co-hosts Gerard Robinson and Cara Candal talk with David Hackett Fischer, University Professor and Earl Warren Professor of History Emeritus at Brandeis University, and the author of numerous books, including Paul Revere's Ride and the Pulitzer Prize-winning Washington's Crossing. As America prepares to celebrate the Fourth of July, they review key figures who helped secure independence from Great Britain, including Paul Revere, immortalized in Longfellow’s classic poem, and Founding Father George Washington, known among his contemporaries as the “indispensable man” of the revolutionary cause.

Renters’ Unsung Heroes: Small Landlords Endure Without Income or Relief

Hubwonk host Joe Selvaggi talks with MassLandlords’ Doug Quattrochi about ways landlords faced the challenges of being caught between tenants unable to pay rent during COVID-19 shutdown and having little or no programmatic relief from state and federal agencies.

AEI’s Naomi Schaefer Riley on Parenting, Excessive Screen Time, & Religion in American Education

/
This week on “The Learning Curve," Gerard Robinson and guest co-host Kerry McDonald talk with Naomi Schaefer Riley, a resident fellow at the American Enterprise Institute and author of several books, including Be the Parent, Please.

Alzheimer Breakthrough Disillusionment: Confusion on FDA’s Approval of Expensive and Possibly Ineffective Drug

Hubwonk host Joe Selvaggi talks with precision medicine expert Hannah Mamuszka and Pioneer Institute's Bill Smith about the promises and pitfalls of the newly approved Alzheimer’s drug Aduhelm, and the challenges presented when new, expensive drugs of dubious benefit are introduced to the nation’s formulary.