Franklin Lakes, N.J.-based Quant Invest launched its first fund the beginning of the month, according to a private investor. The statistical arbitrage long/short Quant Invest fund will take between 20-100 positions in mega-cap stocks. The fund will initially target high-net-worth individuals in the U.S. until an offshore version is launched, he said. The target size of the fund could not be determined.
Pierre Vaysse is the fund's portfolio manager. Vaysse did not return calls by press time.
