WorldQuant Lures Talent With Intellectual Property
- Hedge fund seeks to hire 15 teams for its Accelerator platform
- Quants can access firm’s modeling and back-testing techologies
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Igor Tulchinsky’s $5 billion WorldQuant is seeking at least 15 teams of independent quantitative money managers in an effort to grow its multi-manager platform.
WorldQuant is trying to attract top talent to its Accelerator platform, which currently has about 15 teams of managers, by offering them its modeling and back-testing technologies, the hedge fund said in a statement on Tuesday. The quants will also be allowed to keep their intellectual property, according to a person with knowledge of the matter. The strategies created by the managers will be used within WorldQuant’s main portfolio.