Dawnay Day Quantum is to expand its fund range by launching its first open-ended fund. The company h...
Dawnay Day Quantum is to expand its fund range by launching its first open-ended fund. The company has until now only offered structured products which have been linked to the performance of commodities and the Chinese stock market.
The decision to add Oeic funds based in Dublin follows the recruitment of Dr Bill Kolubayev as director of investments at Dawnay Day Quantum.
Kolubayev has joined Dawnay Day Quantum to develop and manage funds under the European Union's Ucits III regime. Mark Mathias, managing director of Dawnay Day Quantum, said the Oeic funds will use quantitative techniques and derivatives for portfolio construction and risk management.
The first Oeic fund will be launched in September and it is believed it will buy UK equities using derivatives to hedge the downside.
Kolubayev has joined Dawnay Day Quantum from Barclays Capital where he worked as an analyst and a proprietary trader. He has also worked at Credit Suisse First Boston (CSFB), Merrill Lynch and Morgan Stanley.
"We now have the capability to offer investors a range of Ucits III investment funds offering absolute returns, using risk management and well defined investment processes," said Mathias. "Few individuals have Bill's length and depth of experience covering both quantitative analysis and experience of trading the derivative markets at investment banks."
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