Sep 8 2006 | 12:00am ET
QuantInvest has launched its first hedge fund, a long/short and statistical arbitrage vehicle. The New Jersey-based fund, which is being managed by Pierre Vaysse, will invest in 20-40 mega-cap stocks and employ pattern recognition programs more commonly associated with high-end scientific research, according to an investor in the fund.
“The principles, datasets and algorithms built thereon, are designed to be timeless and dynamic. The fund is not dependent on mean reverting pairs or similar overexploited statistical strategies,” the investor wrote in an email to FINalternatives, adding that the fund provides monthly liquidity.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…