Seán Sweeney
Director at CW Talent Solutions | Hedgefund Talent Advisory
Published Feb 22, 2024
According to a new Business Insider report, Qube Research and Technologies had a strong start in 2023, with its largest fund valued at $14 billion showing a 10% increase in January. The London based firm, led by CEO Pierre-Yves Morlat and CIO Laurent Laizet, outperformed in a positive month for quant funds. According to the report, the average systematic fund focusing on equities gained 1.8% in January, surpassing the S&P 500 and the average hedge fund, which saw returns of 1.6% and 0.2%, respectively.
Renaissance Technologies' institutional equities fund, valued at $40 billion, experienced a robust 4.8% return at the end of January, following a 7.1% gain in 2023. The smaller alpha fund achieved a 5.86% return through January 26, bouncing back from losses the previous year. Capital Fund Management, based in Paris, reported a 3.3% increase in its $10.9 billion Stratus fund, while its $4.7 billion Discus strategy saw a 3.9% gain for the month. Man Group's AHL unit didn't perform as well as some of its counterparts in January. As of the end of the third quarter, these four funds managed $5.4 billion, $5.8 billion, $8.8 billion, and $1.3 billion, respectively. According to the report:
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