Quant Insight (Qi), a macro analytics firm specialising in financial markets, has completed its latest funding round, with key investments from some high profile alternative asset investors.
Qi said that 80% of the capital raised came from Qi’s clients in a successful financing round that exceeded its expectations. Its funders include Alan Howard, a founder of hedge fund Brevan Howard Asset Management, and Jens-Peter Stein, of Stone Milliner Asset Management. The firm said it has seen a 50% increase in its subscribing clients in 2018, and it has expanded globally to cover clients in the US and Asia. Qi uses high-quality data, proprietary algorithms and machine learning models to create a web-based analytics platform for investors, with the aim of giving them actionable insights to help generate alpha.
Mahmood Noorani, the founder of Quant Insight, said, “We are delighted to welcome the new investors to the Qi team; their commitment is testament to the industry’s need for fact-based analysis rather than opinion-based macro research to explain the dynamics of asset prices. We believe using AI and machine learning-based models together with quality data provides a clear competitive advantage to discretionary managers, and we look forward to further developing our offerings to help investors make sense of today’s complex trading environment.”