Qube Research & Technologies

Qube Research & Technologies (Qube) is a global quantitative and systematic hedge fund management firm. It uses a technology and data-driven approach towards investing. Headquartered in London, it has additional offices in Hong Kong, Mumbai, Paris and Singapore.

Qube Research & Technologies Limited
TypePrivate
IndustryHedge fund
PredecessorCredit Suisse Quantitative and Systematic Asset Management
Founded2018 (2018)
FounderPierre-Yves Morlat
Headquarters
London
,
United Kingdom
Key people
Pierre-Yves Morlat (CEO)
AUMUS$11 billion (February 2023)
Number of employees
600 (2023)
ParentTrident Capital Holdings
Websitewww.qube-rt.com
Footnotes / references
[1]

Background

The Qube Fund was formed in late 2016 and was managed by Credit Suisse Quantitative and Systematic Asset Management in London. The fund used computer models to trade stocks and was staffed by proprietary traders from the Systematic Market-Making Group unit of Credit Suisse. In 2017, it was announced that the fund would be spun off from Credit Suisse due to regulations like the Volcker Rule which restricted banks from performing proprietary trading activities. In 2018, Pierre-Yves Morlat who was head of Credit Suisse Quantitative and Systematic Asset Management lead a management buyout leading the unit to become an independent entity known as Qube Research & Technologies.[1][2][3][4]

According to accounts released by Qube in 2017, it had 87 employees and paid them an average of £323,000 while in 2018, it had 92 employees and paid them an average of £257,000 which was a decline of 21%. At the same time, its costs of data and technology rose 30%, from £19 million to £25 million.[5]

In February 2023, Qube stated it planned to hand over its capital to external managers which was different from its peers who do things mainly in-house.[1][6]

The firm relies on quantitative trading signals to take positions in various asset classes.[1]

References
  1. "Hedge Fund That Traces Roots to Credit Suisse Plans to Hand Cash to External Managers". Bloomberg.com. 10 February 2023.
  2. "Credit Suisse to Start Quant Funds in Asset Management Push". Bloomberg.com. 2016-10-18. Retrieved 2023-05-13.
  3. "Credit Suisse Plans to Spin Out a $1 Billion Quant Hedge Fund". Bloomberg.com. 2017-08-01. Retrieved 2023-05-13.
  4. KIRAKOSIAN, MARGARYTA (August 2, 2017). "Credit Suisse $1bn quant hedge fund to split from AM business". citywire.com. Retrieved 2023-05-13.
  5. Butcher, Sarah (2 October 2019). "Quant hedge funds crimp pay as data costs rise". eFinancialCareers.
  6. "Credit Suisse spin-out Qube to make big cash allocation to external managers". Hedgeweek. February 13, 2023.
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