Former Barclays Bankers Led by Selim Set Up Quant Funds Manager
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Former Barclays Plc bankers led by Omar Selim are setting up an asset-management firm focusing on quantitative strategies to find socially responsible investments.
Arabesque Asset Management Ltd. will start in July with two equity funds, said Selim, 49, who left London-based Barclays at the end of May, having held positions including head of global markets for institutional clients for Europe, the Middle East and Africa and chairman of Germany. Quant funds seek to outperform competitors that track indexes by using mathematical algorithms and computers to find investments.