Quest Hires Former Investcorp CIO Kolluri

Jun 14 2016 | 5:28pm ET

Quantitative investment firm Quest Partners has brought Prashant Kolluri aboard as president. 
 
Working in tandem with founder and CIO Nigol Koulajian, Kolluri will focus on building Quest’s existing institutional client base, overseeing firm operations, and further enhancing the firm’s propriety research and investing processes, according to a statement. 
 
Kolluri joins Quest after spending more than 15 years as managing director and CIO at Invescorp, where he helped build the firm’s $4.7 billion hedge fund business before resigning in 2013. Most recently, Kolluri was a founding member and president at Richard Shimel’s Sterling Ridge Capital Management, which focused on long/short equity strategies and where Kolluri was responsible for business development and operations. 
 
Shimel agreed to lead an equity strategy for Ken Griffin’s Citadel earlier this year, resulting in Sterling Ridge returning capital to investors. 
 
Quest is among the research-driven quantitative alternative investment managers that have benefitted from investors’ increasing demand for low-beta quant strategies. The firm employs a complex mix of positively convex strategies aimed at delivering greater upside potential than downside risk, especially during times of high market volatility, and which typically benefit the most when tail risk is most likely to materialize.
 
Quest has delivered annualized alpha of 11% to the S&P 500 since inception, and is ahead 18.7% for the year to date, according to data seen by FINalternatives
 
“As institutional investors increasingly seek specialists who offer differentiated sources of return and generate ‘true’ alpha, we have remained focused on continuing to invest in research, technology and people,” said Koulajian. “Prashant will play a vital role in strengthening our leadership team as we embark on our next phase of strategic growth.”
 
Founded in 2001 and headquartered in New York, Quest manages approximately $620 million in primarily institutional capital. 

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