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:

Grading State Governors: Do Higher Taxes Equate To Higher Value?

This week on Hubwonk, host Joe Selvaggi talks with Cato Institute’s Chris Edwards about the new report he co-authored entitled, "Fiscal Policy Report Card on America’s Governors 2022." They discuss how Massachusetts Governor Charlie Baker’s fiscal stewardship compares with other states, and explore whether higher tax rates and spending correlate with better state performance and resident satisfaction.

UK’s Miranda Seymour on Mary Shelley and Frankenstein for Halloween

This week on a Halloween edition of “The Learning Curve," guest host Mary Z. Connaughton talks with Miranda Seymour, novelist and definitive biographer of Mary Shelley, author of the classic Gothic novel, Frankenstein.

The Causes and Potential Cures for Inflation

This week on Hubwonk, Harvard economist and Pioneer Institute board member Ed Glaeser interviews Larry Summers, former U.S. Treasury Secretary and President Emeritus of Harvard University, for a special episode on the origins of inflation, its impact on the American economy, and a roadmap to recovery.

UCLA’s Dr. Maryanne Wolf on Reading, Brain Science, & the Digital Age

This week on “The Learning Curve," Cara Candal and Gerard Robinson talk with Dr. Maryanne Wolf, Director of the Center for Dyslexia and Diverse Learners at the UCLA Graduate School of Education and Information Studies, and the author of Reader, Come Home: The Reading Brain in a Digital World.

Republicans at a Crossroads: Weighing the Boost and Baggage of the Trump Train

This week on Hubwonk, host Joe Selvaggi talks with political scientist and author, Northeastern University Professor William Mayer, about the new book he has edited, The Elephant in the Room: Donald Trump and the Future of the Republican Party. They discuss how former president Trump has changed, and has been changed, by the GOP, and which path the Republican party is likely to take in the future.

Jeff Wetzler, Co-founder of Transcend, on Innovation in School Design

This week on “The Learning Curve," Cara Candal and Gerard Robinson talk with Jeff Wetzler, co-founder of Transcend, a nonprofit focused on innovation in school design that works with hundreds of school communities in over two dozen states in America.

Supreme Judicial Preview: Court Poised To Face Controversy

This week on Hubwonk, host Joe Selvaggi talks with constitutional scholar Thomas Berry about the important questions being decided in the more high profile cases facing the newly opened session of the Supreme Court. They discuss how the addition of newly appointed Justice Ketanji Brown Jackson could add a fresh perspective on the concept of originalism.

NYT Best Seller Laurence Bergreen on 530th Anniversary of Christopher Columbus Discovering the New World

On this special Columbus Day edition of “The Learning Curve," guest host Pioneer Institute's Mary Z. Connaughton talks with Laurence Bergreen, a prize-winning biographer, historian, chronicler of exploration, and the author of Columbus: The Four Voyages, 1492-1504. Mr. Bergreen discusses what people should know about the life, career, and myths around Christopher Columbus, the courageous, ruthless, and complicated explorer and navigator, on the 530th anniversary of his history-changing and ever-controversial discovery of the New World.

NACSA’s Dr. Karega Rausch on Charter Public School Authorizing

This week on “The Learning Curve," Cara Candal and Gerard Robinson talk with Dr. Karega Rausch, President and CEO of the National Association of Charter School Authorizers. Dr. Rausch shares some of his background, his interest in K-12 education reform and charter public schools, and lessons from Indiana and other states that inform his work.

Income Inequality Explored: Wage Gap Overlooks Government Intervention

This week on Hubwonk, host Joe Selvaggi talks with John F. Early, economist and author of the newly released book, The Myth of American Inequality, about the history of income inequality, its true size, and trends. They also discuss how census data used in policy decision-making misses nearly all the effects of government intervention and distorts the truth about the income American families actually have to spend.

Khan Academy’s Sal Khan & ASU Prep Digital’s Amy McGrath on the Khan World School @ ASU Prep

This week on “The Learning Curve," Cara Candal and Gerard Robinson talk with Sal Khan, founder and CEO of Khan Academy, and Amy McGrath, the Chief Operating Officer of ASU Prep and Deputy Vice President of ASU Educational Outreach.

Collegiate Kangaroo Courts: Title IX Rewrite Expels Free Expression and Due Process

This week on Hubwonk, host Joe Selvaggi talks with Pacific Legal Foundation Senior Fellow Alison Somin about the Biden Administration’s proposed modifications to Title IX fair treatment guidelines, challenging principles of free speech and due process, and potentially chilling the culture of free debate in American universities.