Fund launches & closures

Former Deutsche manager unveils new stat arb strategy

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GSB Podium Advisors has launched a global equity statistical arbitrage UCITS strategy – the GSB Equity Market Neutral Fund.

The strategy is a market neutral equity long/short fund and uses share price mean reversion and price momentum based trading across a universe of more than 3,000 stocks globally.

The portfolio is geographically diversified, with positions in the US, Europe and Asia-Pacific markets. The UCITS fund offers daily liquidity. The GSB strategy has historically demonstrated low correlation with the equity markets, with other quantitative equity strategies and with hedge funds in general.

Shengbei Guo, founder of New-York based GSB Podium Advisors,