Quant Hedge Funds Are China’s Hot New Export

(Bloomberg) Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to Marlon Sanchez, the Asia-Pacific head of prime finance at Deutsche Bank AG. XY Investments, founded by an alumnus of Cliff Asness’s AQR Capital Management, and Co-Fund Co., led by former BNY Mellon Western Fund Management Chief Executive Officer Hu Bin, are among firms that started or plan to start trading in markets from Hong Kong to Singapore and beyond this year.

“This is the biggest wave of Chinese quant firms expanding offshore that I’ve seen,” said Sanchez, who’s lived in Hong Kong since 2002, before hedge funds emerged from the regulatory grey area of China’s financial system.

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