Hedge Funds

LucidQ debuts quant strategy

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McLean, Va.-based LucidQ Investment recently launched a quantitative equity hedge fund. The firm was founded earlier this year by Reginald Nosegbe, a former director of PricewaterhouseCoopers' performance improvement practice. The long-biased fund began trading with an undisclosed amount of capital, predominantly from friends and family.

During his eight-year tenure at PWC, Nosegbe worked with clients such as the International Monetary Fund, Federal Reserve Bank of Richmond and the U.S. Department of Labor. Nosegbe's new quantitative fund is based on models he designed to select U.S. equities whose market valuation does not appear to reflect the underlying company's operational