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Ex-Macquarie Team Starts Helix Quant Global Equities Hedge Fund

Bloomberg – Three former Macquarie Group Ltd. quantitative strategists have started a hedge fund with the backing of Ascalon Capital Managers Ltd. to invest in global equities using computer-trading models.

Helix Partners Ltd. will invest using strategies developed by Brandt Leahy, Justin Webb and Matthew Perone, who worked as an investment team that used trading models at Macquarie Funds Group, Sydney-based Ascalon said in an e-mailed statement today. Helix is targeting $50 million in funds managed by the end of 2010, $200 million by end-2011 and over $500 million by 2015, Webb, 27, said in a telephone interview from New York.

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