Aquantum managing director Thomas Morrow will expand the funds business with the launch of a systematic trading fund supported by a host of quantitative trading experts.
Former Winton Capital senior scientist Morrow plans to launch the Ucits-compliant fund in the fourth quarter of the year as part of the company’s new asset management business.
The fund will be supported by Moritz Seibert, previously responsible for Royal Bank of Scotland’s equity structuring business in the Americas, and former Assenagon Group partners Jochen Mirth, Christian Schneider and Oliver Grimm.
Ex-CERN scientist Oliver Podobrin, a leading derivatives expert, will also be part of the team running the fund. In addition, systematic trading expert Perry Kaufman sits on the firm’s advisory board.
Aquantum was set up by Morrow in 2008 and provides systematic investment indices to issuers of structured investments.
Morrow says: “Given the popularity of our indices, the establishment of a full-scale asset management business to directly harness Aquantum’s unique quantitative trading expertise is a natural next step.”
Aquantum’s approach applies advanced mathematical models to various forms of data to exploit market inefficiencies. All models are tested against large number sets to expose them to a wide range of market, economic and political changes.
The group can trade in more than 100 markets across a range of asset classes and uses strategies such as trend following, countertrend trading, spread programmes, pattern recognition and machine learning.
Seibert, who is responsible for the firm’s research and portfolio management with Morrow, says: “We believe in the systematic approach because we know that markets are not fully efficient, which means consistent arbitrage opportunities do exist.”