UBS Asset Management, part of the UBS Group (UBSG.S), opens new tab, will divest its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates, it said on Friday.
The QIS portfolio management team, which oversees funds and mandates worth about $1.5 billion, will transfer to Manteio and operate as a distinct group within the company, UBS Asset Management said in a statement.
Source: REUTER
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