Ubiquant
China-based quantitative hedge fund
 | |
Native name | 九坤投资（北京）有限公司 |
|---|---|
| Company type | Private |
| Industry | Investment management |
| Founded | April 2012; 12 years ago (2012-04) |
| Founders | Wang Chen Yao Qicong |
| Headquarters | Beijing, China |
| Products | Hedge funds Quantitative finance |
| AUM | US$8 billion (Sep 2021)[1] |
Number of employees | 176 (2023) |
| Website | ubiquant |
| Footnotes / references [2][3][4][5] | |
Ubiquant (Chinese: 九坤; pinyin: Jiǔ Kūn) is a Beijing-based hedge fund management firm founded in 2012. It is one of the largest quantitative funds in China.
Background
Ubiquant was founded in 2012 by Wang Chen and Yao Qicong, former WorldQuant researchers.[1][3][4][5][6][7] When Ubiquant first started it was mainly a self-operated commodity trading advisor.[3]
In 2014, Ubiquant completed its registration with the Asset Management Association of China.[4]
In 2016, Ubiquant launched its full asset management business which featured a wider product line including enhanced indexing and quantitative long/short equity strategies.[3][5]
In 2018, Ubiquant started moving toward using AI methods under big data to drive transactions.[3][4][5][6]
From 2019 to early 2020, Ubiquant established its own AI laboratory called AI LAB and built a technical team to research the use of AI to come up with new trading strategies and products.[3][4][6] It has also built a data laboratory.[3][4]
In November 2021, a SFC regulated subsidiary named Ubiquant Asset Management Co., Limited was established in Hong Kong.[6]
In January 2022, the Ubiquant Asia Pacific Quantitative Hedge Fund fell 39% although it rebounded with more than a 20% gain in February.[7]
Ubiquant is stationed near Tsinghua University.[1] It has additional offices in Shanghai and Shenzhen which were established in 2017 and 2020 respectively.[8]
Hiring process
According to Bloomberg News, Ubiquant has offered annual salaries of up to $300,000 to attract recent graduates from the fields of artificial intelligence and computer science. Ubiquant has offered more experienced candidates annual salaries of $1 million. Extra incentives are given such as one time bonuses or profit sharing from trading strategies. The hiring process is vigorous and selective where candidates are tested on many areas such as coding and statistics and their academic research papers are also examined. In 2020, ten fresh graduates were hired by the firm.[1]
See also
References
- ^ a b c d "China Hedge Funds Pay $300,000 to Beat Wall Street to Best Graduates". Bloomberg.com. 31 August 2021.
- ^ "私募基金管理人公示 - 中国基金业协会". gs.amac.org.cn. Archived from the original on 23 February 2024. Retrieved 23 February 2024.
- ^ a b c d e f g "九坤投资王琛： 保持迭代 做中国量化领域的长跑者". finance.sina.cn. 25 July 2022. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
- ^ a b c d e f "磨砺以须，匠心成就可持续发展——九坤投资王琛：以科技驱动打造属于中国的量化竞争力 中国基金报". www.chnfund.com. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
- ^ a b c d "量化大鳄九坤投资的600亿进击之路_姚齐聪". www.sohu.com. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
- ^ a b c d 中国基金报 (28 December 2021). "顶流量化私募集体出手！拿下这一牌照". finance.sina.com.cn. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
- ^ a b "Quant Giant's Rare Advice to Pull Cash Shows China Market Woes". Bloomberg.com. 14 March 2022. Archived from the original on 31 March 2022. Retrieved 2 March 2023.
- ^ "九坤投资（北京）有限公司-关于九坤". www.ubiquant.com. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
External links
- Official website
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strategy
| Arbitrage / relative value | |
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| Event-driven | |
| Directional | |
| Other |
terms
| Markets | |
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| Misc |
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