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.”