Former Macquarie Group Ltd quant hedge fund chief Nick Bird is preparing to launch a Europe-focused strategy at his OQ Funds Management firm, as assets under management surpass $1bn, according to a report by Bloomberg.
Bird, who is based in Hong-Kong, said model testing for the new fund began in September, with a fourth quarter launch targeted, subject to ongoing R&D. The strategy is expected to accommodate up to $600m in initial capacity. OQ’s existing Asia and Japan funds are currently at...
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