UBS Asset Management signed a definitive agreement to transfer the management of its Quantitative Investment Strategies (“QIS”) business with approximately USD 1.5 billion in AuM to Manteio Partners LLC and its affiliates, a systematic investment manager.
Upon closing, Manteio will assume responsibility as investment manager of the QIS funds and mandates. As part of the transaction, the QIS portfolio management team is expected to move to and operate as a distinct group within Manteio, ensuring continuity for investors.
The transaction is expected to be completed in the fourth quarter, subject to regulatory and investor approvals and other customary closing conditions.
Source: UBS
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