In this week's roundup we also look at MassMutual’s expansion of its alternatives investment platform; the launch of an Amazon reforestation-linked outcome bond by the World Bank; and the addition of structured products to Singapore's WBroker stock trading app.
UBS Asset Management has agreed to transfer its Quantitative Investment Strategies (QIS) business with approximately US$1.5 billion in AuM to systematic investment manager Manteio Partners. The transaction is expected to be completed in the fourth quarter, subject to regulatory and investor approvals and other customary closing conditions. Upon completion, Manteio will assume responsibility as investment manager of the QIS funds and mandates. As part of the transaction, the QIS portfolio man