Fund launches & closures

Alcova slates quant strategy launch for December

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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