Launches & Closures

Macquarie starts quant equity strategy focused on Europe


Macquarie’s hedge fund platform, MQ Specialist Investment, has ‘soft launched’ a new quantitative equity fund focused on Europe that replicates the strategy of its highly successful Asian fund.

The start-up was seeded at $20 million and is managed by the same team led by quant trader Nick Bird that runs the $1.6 billion Macquarie Asian Alpha fund. It is understood that the new fund, which was quietly launched in August, is low risk and market-neutral – and that it has performed well in its first two months of trading.

Bird says the firm first wants to establish