Credit Suisse Asset Management launched a new business, the Systematic Trading Group, consolidating management of the firm's managed futures and quantitatively managed funds, confirmed spokeswoman Suzanne Fleming.
Mika Toikka, managing director and head of systematic trading, oversees the new unit. It was seeded with $500 million, including corporate cash and assets from some of CSAM's existing quantitative strategies. The trading group has 20 traders, research analysts and front-office personnel but is expected to add more investment staff over time, Ms. Fleming said.
“We are committed to developing solutions that meet the evolving needs of clients, while seeking to actively manage their risk profiles. Through the creation of Systematic Trading, we intend to satisfy the demand for liquid and transparent systematic investment strategies with diversified alpha, all within a governance framework,” said Andy Stewart, managing director and head of liquid alternatives for CSAM, in a news release.