Thursday, 21 August 2014
Last updated 13 hours ago
Aug 12 2010 | 12:47pm ET
Deutsche Bank has spun-off its quantitative strategies group as an independent hedge fund and advisory firm.
The new firm, QS Investors, boasts some $11 billion in assets under management. In addition to managing its own products, which include tactical asset allocation, active quantitative U.S. equity trading and its so-called “diversified-based investing,” it will continue to manage several funds for its former parent as a sub-advisor.
The management buyout from Deutsche Asset Management’s DB Advisors—the third spin-off from the unit this year—took effect on Aug. 1. Janet Campagna, the former head of quant. strategies at Deutsche Asset Management, is the new firm’s CEO. The group’s entire team of 40 has joined the new venture. Among them are James Norman as president of QS, Rosemary Macedo as chief investment officer, Robert Wang and head of portfolio management, Tom Rose as chief financial officer and Marco Veissid as head of institutional services.
According to The Wall Street Journal, the QS spin-off will be DB Advisors’ last one for the near future.
“We have completed an extraordinary time of growth and development as part of Deutsche Asset Management and look forward to working with them as an important client in the years ahead,” Campagna said.
“This is a critical time for investors, who now more than ever demand experienced global managers that provide creative solutions within transparent, diversified and liquid investment strategies.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note