Tradeworx Sells Trading Arm to Focus on Fintech

The company renamed itself Thesys Group and will focus on growing Thesys Technologies.

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The trading business will now be known as Blueshift Asset Management and will be led by Mani Mahjouri, who takes on the dual role of chief executive officer and chief investment officer. Mahjouri was previously Tradeworx’s chief investment officer. Mike Beller remains CEO of the renamed company and Thesys Technologies, the technology arm before the spin-off.

Beller tells WatersTechnology that when Thesys Technologies started out as a unit within Tradeworx, it initially leaned heavily on the

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