History of PDT Partners in Timeline

By Popular Timelines Editorial Team · Updated: March 14, 2025

PDT Partners is a quantitative hedge fund founded in 1993 within Morgan Stanley and spun out as an independent entity in 2012. Led by Peter Muller, the company utilizes advanced technology and data analysis in its investment strategies. With offices in New York City and London, PDT Partners operates in the financial sector, focusing on quantitative trading and investment management.

1993: PDT Partners Founded

In 1993, PDT Partners (Process Driven Trading Partners) was founded as part of Morgan Stanley's trading division.

1993: PDT Partners Started as a Proprietary Trading Division of Morgan Stanley

In 1993, PDT Partners began as the Process Driven Trading Group, a proprietary trading division within Morgan Stanley.

2010: PDT Investments' Estimated Annual Average Return

By 2010, PDT's investments had achieved an estimated annual average return of more than 20 percent.

January 2011: Morgan Stanley Announced Spin-off of PDT

In January 2011, Morgan Stanley announced its plan to spin off PDT into a separate hedge fund to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

October 2012: Blackstone Group Invested in PDT

In October 2012, the Blackstone Group invested $500 million into PDT, without seeking equity in the hedge fund.

2012: PDT Partners Spun off as an Independent Business

In 2012, PDT Partners spun off from Morgan Stanley as an independent business.

February 2013: PDT Raised $2.3 Billion and Expanded Operations

In February 2013, it was announced that PDT had raised $2.3 billion in total and was starting operations in London and Hong Kong, in addition to New York City.