Structured product specialist Dawnay Day Quantum has renamed itself Quantum Asset Management following its recent management buyout.
The firm was bought by its management team after the Dawnay Day group ran into problems in July. Mark Mathias, chief executive officer of Quantum Asset Management, said: “The new name reflects the continuity of our disciplined, quantitative approach to investing. Quantum Asset Management also represents an exciting new beginning for us, as the company is now 100% owned by the board and employees. We remain committed to offering clients investments that give excellent risk-adjusted returns. This has been our overriding aim since the company’s inception in 2003.”
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