According to the company, the trading strategies that will seek to achieve risk-adjusted returns with relatively low correlation to traditional markets within a pre-defined risk management framework.
The group, which will offer dynamic asset allocation across multiple systematic strategies, will be managed by Mika Toikka, formerly the global head of risk and strategy for Proprietary Trading in Credit Suisse’s Investment Bank.
The newly launched group will initially manage approximately $500m of assets, which will include Credit Suisse seed capital and assets from some of Credit Suisse Asset Management’s existing quantitative platforms.
It will have a centrally managed and unified research process with a pre-defined risk management and governance structure, Credit Suisse said.
The group is expected to be comprised initially of approximately 20 traders, research analysts and front office personnel offering a diverse set of liquid strategies across multiple asset classes.
Toikka said they have started to bring together a team of traders from within Asset Management with a group of hedge fund managers and former proprietary traders from other top-tier financial institutions to build on the track record of Asset Management’s quantitative product line to offer their clients access to systematic trading strategies.
