Launches & Closures Hedge Funds

Clear Water launches quant fund into topsy-turvy market

by

The recent market turmoil hasn’t been enough to deter Clear Asset Management from joining the fray.

Earlier this week, the New York-based quantitative money management firm, which is owned primarily by women, launched its first hedge fund and hired its first institutional sales person.

The Clear Long/Short Investment Partnership, a quant strategy focused on liquid large-cap stocks, began trading on October 1 with what Andrew Corn, the firm’s co-founder, said was “a few million dollars” – a combination of internal funding and capital from some of the four-year-old firm’s long-only investors. Managed by a team of four, the