Hedge Fund Qube With Credit Suisse Roots Plans to Give Cash to External Managers
Qube Research & Technologies, the hedge fund that’s kept a low profile since spinning out from Credit Suisse Group AG, is about to hand hundreds of millions of dollars to external money managers who it hopes will boost its multi-strategy investment business.
London-based Qube has quietly grown into an $11 billion investment operation since going it alone in 2018. It plans to provide capital to 50 money managers by the end of this year, up from about a dozen now, according to people with knowledge of the matter. It typically allocates between $50 million and $100 million to each manager, one of the people said, asking not to be identified because the details are private.
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