stat arb

quantPORT: First Look at Jefferies Quant Spinout

"Do or do not. There is no try." - Yoda   Today, a post by efinancialcareers was first to report - followed by Bloomberg News - that Jefferies Group would be spinning out the quantPORT division of its Jefferies Investment Advisors (JIA) subsidiary. According to these sources - and regulatory filings - quantPORT (branded as such in 2018) began as a proprietary systematic equity trading team within Jefferies in 2006. As of January 2020, quantPORT claimed regulatory AUM of $3.7 billion. quantPORT's website lists $5 billion as a milestone in 2017. The bet? Better fundraising on the outside; better incentives (and more risks) for the guys behind the wheel... Now, given that Alphacution knows the key players in the story here, it's been on our radar to dig the stat arb data out of the Jefco filings for a long time, if possible. Today's news provided a catalyst to do just that... A few disclaimers before we get to a couple early samples of chart candy: As an "other reporting [...]

By | 2020-05-15T00:37:10+00:00 May 14th, 2020|Alphacution Feed|