Launches & Closures Hedge Funds

GSM Podium adds UCITS version of stat arb strategy


GSB Podium Advisors is launching a UCITS version of its highly successful equity statistical arbitrage strategy which will be on the Alpha UCITS platform.

GSB Podium Advisers was founded in March 2010 by New York-based Shengbei Guo. From early 2005, he ran the Deutsche Bank Noetic Equity Long/Short Fund, which at its peak had more than $1 billion assets under management.

After a short stint at Galleon Quantitative Management as CIO, Guo decided to launch his own alternative management firm. It is probably one of the larger hedge fund launches in 2010 so far, having been seeded with $175 million