Acadian boosts research team

Acadian Asset Management, a $45bn (€35bn) Boston-based fund manager, has made three research hires, following in the footsteps of other quantitative firms that have been aggressively hiring to develop new strategies.

Quantitative firms, which have been strong performers in the last five years, are moving into new asset classes to offer diversification.

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JPMorgan to Pay $330 Million Over 1MDB Transactions