(Telestock) – UBS Asset Management has signed a definitive agreement for transfer management of its Quantitative Investment Strategies business (QIS) with approximately $1.5 billion in AuM to hedge fund Manteio Partners. Upon closing, Manteio will assume responsibility for investment management of the QIS funds and mandates.
As part of the transaction, the QIS portfolio management team is expected to relocate and operate as a distinct group within Manteio, ensuring continuity for investors. The transaction is expected to be completed in fourth quarter.
Manteio is a systematic investment manager which seeks to employ next-generation technologies and quantitative methods across a broad range of asset classes and trading strategies. The company was founded in 2020 by Peter Christodoulou and Michael Cash. Manteio has a strategic relationship with Leucadia Asset Management (LAM), a division of Jefferies.