C Suisse said to start two hedge funds focussed on quantitative strategies

Credit Suisse is starting two hedge funds focused on quantitative strategies as part of a broader effort to build the bank’s asset management unit, according to a person with knowledge of the matter.

Bloomberg News reports that the two funds, Qube and QT, are comprised of existing London and teams from Credit Suisse’s Systematic Market-Making Group that had been housed within the investment bank, said the person, who asked not to be named because the matter is private.

The business functioned as a proprietary arbitrage trading unit - making bets with the bank’s own money - until it was restructured after the financial crisis to comply with the Volcker rule, which bars that type of trading.

To access the complete Bloomberg News article hit the link below:

Credit Suisse to Start Quant Funds in Asset Management Push

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