FrontPoint Partners today launched a new quantitative equity strategy...

FrontPoint Partners today launched a new quantitative equity strategy, its 15th alternative investment program. Rick Bookstaber will lead the team, which will manage a quantitative market-neutral hedge fund strategy that screens a universe of 7,500 U.S. and European stocks, according to a statement from the company. The quantitative equity strategy will also be incorporated into FrontPoint's multistrategy hedge funds. Mr. Bookstaber joined FrontPoint as portfolio manager in May. He will continue to publish Scribe Reports, a service he began in 2002 to provide skill assessment and performance evaluation of long-short equity hedge fund managers, said Patrick Linehan, a spokesman for FrontPoint.