Investing
Hedge Fund That Traces Roots to Credit Suisse Plans to Hand Cash to External Managers
- The firm is expected to back 50 external funds by year-end
- Qube spun out of Credit Suisse in 2018 and runs $11 billion
This article is for subscribers only.
Qube Research & Technologies, the hedge fund that’s kept a low profile since spinning out from Credit Suisse Group AG, is about to hand hundreds of millions of dollars to external money managers who it hopes will boost its multi-strategy investment business.
London-based Qube has quietly grown into an $11 billion investment operation since going it alone in 2018. It plans to provide capital to 50 money managers by the end of this year, up from about a dozen now, according to people with knowledge of the matter. It typically allocates between $50 million and $100 million to each manager, one of the people said, asking not to be identified because the details are private.