Former Man Group strategist starts up quant fund manager

Michael Bow
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ONE OF Man Group’s top strategists has left the company to form his own Mayfair-based fund management company.

Richard Bateson, who was head of strategy for the firm’s AHL quantitative trading unit, has founded London Quantitative Investments (LQI) alongside ex-Goldman Sachs alumni Jonathan Greenhalgh and former Lehman Brothers banker Patrick Coppens.

Bateson left Man in April, just four months after he was moved to the FTSE 250’s group dedicated hedge fund unit, GLG, as a senior quantitative analyst.

“I’ve always wanted to do my own thing eventually and the launch is going well,” Bateson told City A.M. “We’ve got an original commitment of $30m from Swiss and Asian investors.”

LQI has the Multi-Strategy Certificates as its first product and will role out another fund next year.