AMP Capital sets up first Asian quant fund at $25m

Australia's AMP Capital has launched a long/short equity strategy using proprietary computer models and human fundamental research, with $25 million in capital. The Asia Quant Fund has been running with internal money since 2011, although AMP declined to disclose its performance figures. It trades more than 800 stocks in the Hong Kong, Singapore, Taiwan, Korea and Australia markets. The fund targets net annual returns of 8-9% and has a capacity of $1 billion, says Anthony Fasso,…