Launches & Closures

Alcova slates quant strategy launch for December


Alcova Asset Management, set up by star Goldman Sachs trader George Assaly, is understood to be readying the launch of its global quantitative strategy in December, with backing of a large US-based cornerstone investor. While this Goldman spin-out will be London-based, the strategy will start by focusing on Japan, followed by Asia and the rest of global markets.

The launch is generating a significant buzz among investors given the team’s pedigree; Assaly ran up to $2.5 billion with significant returns heading the Quantitative Trading team at Goldman’s proprietary desk, first in Tokyo and then in London. Also the