Launches & Closures

Macquarie soft-launches Europe-focused quant fund


Nick Bird
Macquarie’s hedge fund platform, MQ Specialist Investment, has ‘soft launched’ a new quant 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 has done well in the first two months of trade.

Bird says the firm first wants to establish a