Ascalon Capital Backs New Quant Hedge Fund

Ascalon Capital Managers is backing a new hedge fund, which is being run by a trio of former Macquarie Group traders.  The new offering, Helix Partners, will employ a global quantitative strategy. 

Brandt Leahy, Justin Webb and Matthew Perone are the portfolio managers for the fund, which aims to raise $50 million by the end of next year. The three are running the strategy out of New York.