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.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…