Hedge Funds

Thales launches quantitative and qualitative trading hybrid


New York-based Thales Fund Management recently rolled out a second strategy.

The new fund, called Temujin and run by Marco Battaglia, is a hybrid long/short equity strategy that employs a combination of proprietary quantitative and qualitative investment approaches.

Theoretical physicist Marek Fludzinski opened $1.4 billion Thales in 1998, beginning with a statistical arbitrage fund.

Battaglia began his career with Thales Financial Group, the predecessor to Thales Fund Management, in 1994. He later left to join Baker Street Capital Management, where he was a senior analyst, and returned to Thales in 2002.

In addition to managing the new fund,