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Bailey McCann, Opalesque New York: Quant Insight, a macro research firm that provides quantitative analysis and investment ideas to hedge funds, has closed its latest funding round with investments from Brevan Howard's Alan Howard and Stone Milliner Asset Management's Jens-Peter Stein. The company claims it has had a 50 percent increase in the number of subscribers so far this year.
Over 80% of capital raised came from Quant Insight's clients.
"We believe using AI and machine learning based models together with quality data provides a clear competitive advantage to discretionary managers," said Quant Insight founder Mahmood Noorani in a statement on the funding round. The company plans to increase its presence in Europe and Asia to meet demand from clients for coverage.
The company says its analytics platform can empirically reveal key market drivers, optimize trade selection, spot regime shifts, build portfolios with specific macro characteristics and identify valuation anomalies.
As part of the company's growth strategy, Quant Insight is also developing new analysis and ideas for equity baskets and index construction. In March, Quant Insight also announced a strategic partnership with Predata, a predictive analytics platform, to include Predata's geopolitical risk signals in its quantitative macro analyses framework.
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