Quant funds, including Qube and Renaissance Technologies, have started strong in 2024. Under-the-radar Qube Research and Technologies started its encore to its stellar 2023. The largest fund at the $14 billion quant manager was up roughly 10% in January, sources familiar told Business Insider. The London-based manager run by CEO Pierre-Yves Morlat and CIO Laurent Laizet led the way in what was generally a strong month for quant funds. According to Hedge Fund Research, the average systematic fund betting on equities made 1.8% in January, besting the S&P 500 and the average hedge fund, which were up 1.6% and 0.2%, respectively.

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Persons: Man, Pierre, Yves Morlat, Laurent Laizet Organizations: Renaissance Technologies, AHL, Research, Technologies, Business, Hedge Fund Research Locations: London