The LSE Directory / Hedge funds
Qube Research & Technologies (QRT) is a London-headquartered quantitative investment manager that runs systematic, computer-driven trading strategies across equities, futures and other liquid asset classes globally. The firm combines proprietary research, statistical and machine-learning models and in-house execution technology to trade multiple strategies and time frames simultaneously, rather than running a single signal or a single asset class. It manages capital for institutional investors, executing through its own trading infrastructure and data pipelines rather than outsourcing execution to third parties. QRT differentiates itself from other quant managers through the scale and disciplinary breadth of its research staff, engineers, computer scientists, physicists, mathematicians, data scientists and fundamental analysts working alongside quantitative researchers, and through heavy investment in proprietary infrastructure; the firm began building its own data center in Iceland in 2025 to support latency-sensitive, high-frequency strategies. It runs branded fund vehicles including Torus and Prism alongside its main systematic fund, and has pushed beyond pure systematic trading into areas such as commodities and a long-only China equities strategy, giving it a broader product shelf than many single-strategy quant shops. The firm holds regulatory authorizations in the UK (FCA), France (AMF), Hong Kong (SFC), Singapore (MAS), Switzerland (FINMA) and Dubai (DFSA), reflecting a genuinely multi-jurisdiction institutional client base. QRT originated in 2016 as a unit inside Credit Suisse's Quantitative and Systematic Asset Management division, then became fully independent in 2018 through a management buyout led by co-founders Pierre-Yves Morlat, who serves as CEO, and Laurent Laizet, who serves as CIO. The firm is privately held under parent company Trident Capital Holdings. Assets under management grew from roughly $800 million at the 2018 spinout to about $38 billion by January 2026, with some February 2026 trade press reporting citing a higher figure above $42 billion; its flagship fund returned approximately 30% in 2025, well above the roughly 12.6% average for the HFRI Global Hedge Fund Index that year, while its Torus and Prism vehicles returned about 20.4% and 7.4% respectively. Headcount was reported at roughly 1,400 as of February 2025. QRT continued expanding its footprint into 2026: opening new US hubs in New York, Chicago and Houston, including hiring Goldman Sachs' former co-head of US power trading, taking a six-floor lease at Two IFC in Hong Kong, and growing a China long-only equity fund roughly tenfold to more than $2 billion in assets over twelve months, as reported in trade press in February 2026.
