Performance

Macquarie plots expanded capacity for Asia quant fund

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Macquarie, the Sydney-headquartered investment group, is looking to expand the capacity of its $1.6 billion Asia quant fund after effectively shutting it down to new subscriptions in the middle of last year. The team which runs the strategy, headed by quant trader Nick Bird, will soon be hiring three more people to beef up its personnel capabilities.

The new hires, which will bring the number of staff at the quant fund team to 17, will also enable the firm more to have more flexibility and resources to introduce new products, including possibly a European quant fund, to the