UBS makes quantitative leap
23 August 2012 New York
Image: Shutterstock
UBS has launched a new unit that is aimed at attracting and servicing clients among quantitative hedge funds.
Quant HQ combines the firm’s prime services and direct execution businesses to provide quantitative traders with access to its global investment services.
It will reportedly support equities, options and futures strategies, and will target startups and established funds with long/short or hedged strategies, as well as those that are focused on arbitrage.
The unit will also use UBS’s prime brokerage services to help funds raise capital from investors looking for quantitative strategies.
Former Saxis Group COO Scott Stickler will lead Quant HQ from New York. Dave Mishoe will head up Quant HQ in the Europe, Middle East and Africa region, while Steve Hammerton will do the same for the Asia Pacific region, according to reports.
“We’ve consistently invested in creating a fast, innovative, highly scalable platform,” said Mike Stewart, global head of equities at UBS. “Making that available in combination with our global market access, industry-leading capital position and deep expertise in enterprise formation, the goal of Quant HQ is to deliver a comprehensive set of solutions to quantitative trading clients.”
Charlie Susi, global co-head of direct execution at UBS, said: “Quantitative traders are a highly sophisticated segment of the global securities markets, and a major source of market liquidity. They know precisely what they want from their service providers and have highly specialied needs. With Quant HQ, we’ve organised ourselves to empower them to implement their innovative models and help them quickly seize opportunities for alpha, wherever they trade.”
Quant HQ combines the firm’s prime services and direct execution businesses to provide quantitative traders with access to its global investment services.
It will reportedly support equities, options and futures strategies, and will target startups and established funds with long/short or hedged strategies, as well as those that are focused on arbitrage.
The unit will also use UBS’s prime brokerage services to help funds raise capital from investors looking for quantitative strategies.
Former Saxis Group COO Scott Stickler will lead Quant HQ from New York. Dave Mishoe will head up Quant HQ in the Europe, Middle East and Africa region, while Steve Hammerton will do the same for the Asia Pacific region, according to reports.
“We’ve consistently invested in creating a fast, innovative, highly scalable platform,” said Mike Stewart, global head of equities at UBS. “Making that available in combination with our global market access, industry-leading capital position and deep expertise in enterprise formation, the goal of Quant HQ is to deliver a comprehensive set of solutions to quantitative trading clients.”
Charlie Susi, global co-head of direct execution at UBS, said: “Quantitative traders are a highly sophisticated segment of the global securities markets, and a major source of market liquidity. They know precisely what they want from their service providers and have highly specialied needs. With Quant HQ, we’ve organised ourselves to empower them to implement their innovative models and help them quickly seize opportunities for alpha, wherever they trade.”
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