AQUANTUM Group, a quantitative index provider led by a group of former scientists, yesterday announced plans to roll out its own fund management business.
The firm, which has a UK office in Oxford in addition to bases in Munich, New York and Luxembourg, will start offering managed futures funds for high net worth individuals and other investors later this year.
It follows on from its core business offering of index products following a solid uptake of them by third parties.
It had previously signed a licencing agreement with Royal Bank of Scotland – boosting the amount of money run using Aquantum indices to $1bn (£633m).
The asset management business, to be called Aquantum AG, will have its own management, supervisory and advisory boards.
Its principals include former Winton Capital Management scientist Thomas Morrow, former nuclear energy researcher Dr. Oliver Podobrin and former head of RBS’s exotic equity structuring and pricing desk Moritz Seibert.
Morrow said: “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.”