Former Deutsche Asset Management subsidiary QS Investors LLC will now operate as an independent investment management and advisory firm for institutional investors, the New York-based firm said today.
QS Investors, one of the largest woman-owned asset management shops, is now owned and run by the management teams that “pioneered approaches to integrating quantitative and qualitative investment insights that dynamically shift market exposure within a risk-managed framework,” an Aug. 11 announcement said. QS Investors has $11 billion in assets under management and $70 billion under advisement.
Janet Campagna will operate as CEO of the firm. She is formerly a managing director and global head of quantitative strategies at DeAM.
The QS team will be comprised of more than 40 employees and include James Norman as president and Rosemary Macedo as CIO. Additionally, Robert Wang will take on the role of head of portfolio management, Tom Rose has been named CFO, and Marco Veissud will lead institutional services at the firm.
Earlier this year, DeAM announced that it had formed two new independent investment boutiques to bolster client offerings and focus on its core investment strengths, IMW previously reported.
One firm was to focus on global thematic equity and agribusiness strategies and be run by Oliver Kratz.
The second firm, headed by Campagna, would be centered on quantitative investment strategies, DeAM said at the time.
Global Thematic Partners launched earlier this week with roughly $9 billion in assets under management and Kratz as its CEO and head portfolio manager.
Meanwhile, QS Investors will offer its clients global tactical asset allocation, and U.S. and global equities products.
“We have completed an extraordinary time of growth and development as part of Deutsche Asset Management and look forward to working with them as an important client in the years ahead,” Campagna said in the statement. “This is a critical time for investors, who now more than ever demand experienced global managers that provide creative solutions within transparent, diversified and liquid investment strategies.”
A spokesman for the firm did not immediately respond to IMW’s request for additional information by press time.