Latest news with #quantitativeinvestment
Times
6 days ago
- Business
- Times
Man Group orders 150 staff back to London office
The world's biggest listed hedge fund group has ordered about 150 of its London-based staff back to the office five days a week as it wrestles with the faltering performance of its main computer-driven investment business. Man Group said that its employees in the City who work at its AHL division had been asked to attend its premises full-time for a three-month period 'to support an 'all hands on deck' cross-team research project'. AHL is behind Man's core quantitative investment programs, which have been wrongfooted by violent moves in financial markets in recent months driven by abrupt changes in trade policy pursued by President Trump since his return to the White House in January. AHL's main investment strategy is down about 10 per cent so far this year and also only eked out a 3.19 per cent gain in 2024. • The 'super-prime' offices designed to lure WFH staff back in Man Group, which is a member of the FTSE 250, manages about $172.6 billion of assets and is one of the biggest names in the hedge fund industry. The London-based company has about 1,700 staff in offices around the world, including in New York, Shanghai and Sydney, and operates a flexible working policy under which employees typically come into the office three days a week. The edict for some workers to temporarily come in full-time, which was first reported by the Financial Times, applies to mainly quantitative analysts and spans May to July. A spokeswoman said: 'While these cross-team initiatives are infrequent, experience has shown that a period of highly focused, in-person collaboration allows significant research progress to be made in a relatively short amount of time. The firm's broader agile working policy remains unchanged.' It adds to a broader push in the financial services industry and beyond to cut down on hybrid working, which has become much more widespread since the Covid pandemic lockdowns forced most office staff into remote working. Staff at JPMorgan Chase, which is America's biggest bank and has a significant business in Britain, have been required to come in five days a week since March, while Amazon has expected the same since the start of the year.
Argaam
11-05-2025
- Business
- Argaam
SAB Invest Launches Saudi Arabia's First Quantitative ETF
Logo of SAB Invest SAB Invest today announced the launch of the SAB Invest Saudi Quant ETF, Saudi Arabia's first exchange-traded fund built on a quantitative investment strategy. This milestone introduces a new generation of ETFs designed specifically for the Saudi market, adapted from an HSBC model that has managed over USD 34 billion globally, shifting from traditional index tracking to a systematic, data-driven approach. The SAB Invest Saudi Quant ETF uses rules-based modelling to identify market inefficiencies and construct a diversified, Sharia-compliant portfolio based on value and momentum factors. The fund targets companies with attractive valuation and strong momentum characteristics, combining advanced data analysis with disciplined portfolio construction. Over a decade of back-testing supports the approach, indicating potential for enhanced returns, improved diversification, and reduced concentration risk compared to traditional benchmarks. A Timely Response to Market Demand Key benefits of the SAB Invest Saudi Quant ETF include: - Broad Market Exposure: With diversified Sharia-compliant holdings across various industries, the fund provides access to a wide swath of the Saudi economy beyond large-cap benchmarks. - Alignment with Saudi Vision 2030: The launch of the quant strategies and the ETF is a contribution to the development and innovation within the investment management industry and financial sector. - Systematic Opportunity Capture: The quantitative methodology identifies companies with favourable characteristics to capture excess returns in the Saudi market. The launch comes at a time of increasing interest in quantitative strategies globally and a growing demand for efficient, transparent investment vehicles within Saudi Arabia. With robust regulatory frameworks, a strong IPO pipeline, and the macroeconomic stability afforded by sound government policies, the local market offers a compelling environment for such innovation. SAB Invest Chief Investment Officer Osama Alowedi said: 'As the first mover in the quantitative ETF space in the Kingdom, SAB Invest aims to meet the needs of a diverse investor base and attract foreign investment into the Kingdom while advancing innovation and analytical depth in the Saudi financial ecosystem.' The SAB Invest Saudi Quant ETF is now publicly listed and available through Tadawul. About SAB Invest SAB Invest is an independent investment subsidiary fully owned by the Saudi Awwal Bank (SAB). It works to become a leading provider of innovative investment management solutions for both private and institutional clients, delivering top quality products and services throughout the Kingdom of Saudi Arabia.
