UBS Asset Management has announced it will divest its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates. The transaction is expected to close in the fourth quarter, subject to regulatory and investor approvals and other customary closing conditions. 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.
This move ensures continuity for investors. A spokesperson for UBS Asset Management said, “We believe this transfer to Manteio Partners will provide our clients with robust and advanced quantitative investment strategies, given Manteio’s expertise and focus in the field.”
UBS Asset Management is a large-scale asset manager in 22 countries. It offers investment capabilities and styles across all major traditional and alternative asset classes.
Manteio Partners LLC is a systematic investment manager specializing in quantitative investment strategies.
Ubs to divest QIS
It aims to deliver consistent returns through advanced mathematical models and data-driven decision-making.
This move comes as UBS continues to refine its focus and streamline its operations. The exact reasons for the divestment were not disclosed, but industry analysts suggest it might be a part of UBS’s ongoing efforts to concentrate on core areas and enhance profitability. The announcement has caught the attention of investors and market analysts, adding to the dynamics of the financial sector, which is already seeing significant shifts.
UBS’s move is anticipated to affect several associated market segments and stakeholders. Further details on the financial terms of the divestment were not immediately available. UBS Asset Management’s decision aligns with recent trends among major financial institutions striving to optimize their business models.
