Hedge Funds

M&I president quits to start QIS quant fund

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David Schulz, the former president and chief investment officer of M&I Investment Management, has left the traditional money management world to dive head first into the hedge fund business.

Schulz, along with former M&I colleague Dave Abitz, has started QIS Advisors and is planning to launch his first fund in the first quarter of 2005.

The duo originally launched the quantitative long/short fund while at M&I earlier this year. The fund, which invests in U.S. equities, maintaining a minimum of 100 positions within each of the long and the short portfolios, is understood to