The $750 million Stamford, Conn.-based shop, TQA Investments, is continuing to expand beyond its traditional base of convertible-arbitrage funds. The TQA group this month launched a long/short equity fund with about $11 million under management out of the gate.
The new TQA Argonaut Fund, managed by veteran portfolio manager Chris Semple, will invest mostly in liquid U.S.-equity names. The strategy will draw on TQA's strength in the area of quantitative analysis, making it less of a traditional stock picker's fund than other long/short vehicles. Although the fund just opened to outside investors on July 1, it had been run