About
PDT Partners (Process Driven Trading) is a quant hedge fund founded by Peter Muller at Morgan Stanley in 1993, spun off in 2012. AUM grew from ~$10.8B (April 2024) to ~$14B (March 2025). Historically averaged 20%+ annual returns. Maintains prop-like culture, limiting capital to prioritize performance. Offices in NYC and London.
Key Facts
- [1]Employees: Employee count: 201-500.
- [2]Website: Official website: pdtpartners.com.
- [3]AI Technology: Core AI/ML technologies: Reinforcement Learning.
- [4]Region: Region: Americas (United States).
Founder
Peter Muller
Founder
AI Technology
Reinforcement Learning
Reinforcement learning for trading and portfolio optimization
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is PDT Partners?
PDT Partners (Process Driven Trading) is a quant hedge fund founded by Peter Muller at Morgan Stanley in 1993, spun off in 2012. AUM grew from ~$10.8B (April 2024) to ~$14B (March 2025). Historically averaged 20%+ annual returns. Maintains prop-like culture, limiting capital to prioritize performance. Offices in NYC and London. PDT Partners is classified in the Trading & Markets segment at the Models layer of the financial AI stack.
Who founded PDT Partners?
PDT Partners was founded by Peter Muller (Founder).
What AI technology does PDT Partners use?
PDT Partners primarily leverages Reinforcement Learning technology. Reinforcement learning for trading and portfolio optimization. Within the Trading & Markets segment, 17 companies use this technology.
What market segment does PDT Partners operate in?
PDT Partners operates in the Trading & Markets market segment. AI-powered trading and markets companies are transforming how financial instruments are bought, sold, and priced across global exchanges. These companies apply machine learning to algorithmic trading, market making, order execution, and quantitative strategy development.
Where is PDT Partners headquartered?
PDT Partners is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are PDT Partners's competitors?
Companies similar to PDT Partners in the Trading & Markets space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does PDT Partners offer?
PDT Partners builds models-layer solutions for the financial services industry. The company's core offering: Quantitative systematic trading. The platform is powered by Reinforcement Learning technology.