Qube Research & Technologies

Qube Research & Technologies (Qube) is a global quantitative investment management firm headquartered in London with additional offices in Europe and Asia.

Qube Research & Technologies Limited
TypePrivately held company
IndustryInvestment management
PredecessorCredit Suisse Quantitative and Systematic Asset Management
Founded2016 (2016)
FounderPierre-Yves Morlat
Laurent Laizet
Headquarters
London
,
United Kingdom
Key people
Pierre-Yves Morlat (CEO)
Laurent Laizet (CIO)
ProductsHedge funds
Quantitative finance
AUMUS$12 billion (May 2023)
Number of employees
600 (2023)
ParentTrident Capital Holdings
Websitewww.qube-rt.com
Footnotes / references
[1]

Background

In late 2016, the Qube Fund was formed and managed by Credit Suisse's Quantitative and Systematic Asset Management unit in London. The fund used computer models to trade stocks and was staffed by proprietary traders. 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, its management team led a management buyout resulting in the unit to become an independent entity and was renamed to 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 some of its capital to be managed by external parties.[1][6]

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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