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.