Deutsche Bank Quant. Team In Management Buyout

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.”


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR