Hedge Funds

Ascend rolls out quantitative equity fund


Ascend Capital is continuing to expand its quantitative strategies with the launch of a long/short quantitative equity fund.

The San Francisco-based firm, which started out as a fundamental equity long/short shop, began running Ascend Quantitative Long/Short Fund last October with seed capital. It produced a three-month return of 9.35% last year and rose 4.78% this year through September. The funded has netted 14.58% on a 12-month rolling basis.

Ascend opened the fund to investors for the first time in October.

David Saraniti

Malcolm Fairbairn, Ascend's founder and chief investment officer, and David Saraniti, the firm's director