There's a Simple Reason Why UBS Is Hiring So Many Quants
- Low returns prompt move to broaden range of investment options
- Many of the new quant hires are women, CIO Haefele says
A company logo hangs outside the entrance of UBS Group headquarters in Zurich.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
UBS Group AG doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.
Haefele recommends customers use investment strategies that apply techniques designed by quantitative analysts, such as complex data visualization, rather than rely on their instincts. One in 10 managers who advise clients now use such tools, said Haefele who oversees a team of more than 200.