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UBS to divest Quantitative Investment Strategies business

08/16/2024

Less than a minute

2024.08.16 11:01

(Reuters) – Swiss investment bank UBS said on Friday it will divest its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates.

© Reuters. FILE PHOTO: A UBS logo is pictured on the branch of the Swiss bank in Lucerne, Switzerland, June 14, 2024. REUTERS/Denis Balibouse/File Photo

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 said in a statement.

The transaction is expected to close in the fourth quarter, it added.

08/16/2024

Less than a minute

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