Qube to Enter US After Building $30 Billion Hedge Fund Giant

In roughly seven years, Qube Research & Technologies has grown into a hedge fund powerhouse without setting foot in the US — the industry’s mecca. That’s about to change.

London-based QRT is preparing to open an office in Houston focused on commodities, which will eventually include physical trading, according to people with knowledge of the matter. QRT has hired Naveen Arora, the co-head of US power trading at Goldman Sachs Group Inc., to help oversee the buildout, the people said.