Qube to Merge Two Hedge Funds Into a Pool Worth Over $20 Billion

Qube Research & Technologies is merging two of its largest hedge funds into one money pool with more than $20 billion in assets.

The London-based investment firm will combine the Torus and Prism hedge funds by the end of the year, according to people with knowledge of the matter. The firm debated the idea for some time and took the step because it’s more efficient to run and allocate capital in a single fund, one of the people said, asking not to be identified because the details are private.