Ubiquant () is a

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

-based

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

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. When Ubiquant first started it was mainly a self-operated

commodity trading advisor A commodity trading advisor (CTA) is US financial regulatory term for an individual or organization who is retained by a fund or individual client to provide advice and services related to trading in futures contracts, commodity options and/or ...

. In 2014, Ubiquant completed its registration with the

Asset Management Association of China In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...

. In 2016, Ubiquant launched its full

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

business which featured a wider product line including

enhanced indexing In finance, enhanced indexing is any indexing strategy employed with the intention of outperforming strict indexing. Enhanced indexing attempts to generate modest excess returns compared to traditional index funds and other passive management techn ...

and quantitative

long/short equity Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ...

strategies. In 2018, Ubiquant started moving toward using

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

(AI) methods under

big data Big data primarily refers to data sets that are too large or complex to be dealt with by traditional data processing, data-processing application software, software. Data with many entries (rows) offer greater statistical power, while data with ...

to drive transactions. 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. It has also built a data laboratory. In November 2021, a SFC regulated subsidiary named Ubiquant Asset Management Co., Limited was established in Hong Kong. In January 2022, the Ubiquant Asia Pacific Quantitative Hedge Fund fell 39% although it rebounded with more than a 20% gain in February. In April 2024, it was reported that Ubiquant planned to open a U.S office. This came after Chinese regulators were tightening rules for quantitative funds in China.

Corporate affairs

According to ''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...

'', Ubiquant has offered annual salaries of up to $300,000 to attract recent graduates from the fields of artificial intelligence and

computer science Computer science is the study of computation, information, and automation. Computer science spans Theoretical computer science, theoretical disciplines (such as algorithms, theory of computation, and information theory) to Applied 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. Ubiquant is stationed near

Tsinghua University Tsinghua University (THU) is a public university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Constructio ...

. It has additional offices in

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

and

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

which were established in 2017 and 2020 respectively.

References

External links

* {{authority control Chinese companies established in 2012 Companies based in Beijing Financial services companies established in 2012 Hedge fund firms in China Investment management companies of China

Background

Corporate affairs

See also

References

External links