Reported about 2 months ago
UBS Asset Management announced it will divest its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC. The QIS portfolio management team, handling funds worth about $1.5 billion, will join Manteio as a separate entity. The deal is expected to finalize in Q4 of 2024, following UBS's recent decisions to liquidate a large real estate fund and sell Credit Suisse's U.S. mortgage servicing business.
Source: YAHOO