Goldman Sachs Group bought a minority stake in Quantitative Services Group, said Catherine Morgenstern, QSG director of communications. QSG officials won’t disclose the size of Goldman Sachs’ stake. QSG’s principals own the rest of the company and don’t expect to sell further stakes in the firm, Ms. Morgenstern said.
As part of the deal, Goldman Sachs’ Hudson Street Services unit, which offers investment research and tools from third-party providers to institutional investors, will introduce clients to QSG services and products, she said. The deal gives QSG another distribution platform, while QSG also has its own sales force, she said.
QSG provides equity research services, stock selection models and independent trading cost analytics to institutional investors. Goldman Sachs will play no role in QSG operations or decision-making, Ms. Morgenstern said.
