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Grossman donates QFS stake to University of Chicago

January 25, 2011   Lawrence Delevingne

The QFS founder's ties to the school run deep

 Sanford Grossman

QFS Asset Management founder Sanford Grossman has donated a unspecified minority stake in QFS to the University of Chicago.

The quant investor has a longstanding relationship with the school. Grossman received his B.A., M.A. and Ph.D. in economics from the university and was a professor there from 1981 to 1985. He is also a member of the board and its investment committee.

Today, Greenwich, Conn.-based QFS manages approximately $1.5 billion in client assets. Launched in 1993, the QFS Currency Program has generated net annualized returns of 13.5% and the QFS Global Macro Program, launched in 1998, has generated net annualized returns of 12.3%. Other investment strategies include a fixed income and portable alpha programs.

"The success of QFS has been based upon the application of the scientific tools that I was taught as a student at the University of Chicago," Grossman said in a press release.

"These tools not only provided a basis for my successful academic career in economics and finance, but also gave me the confidence to found QFS and the belief that such tools could be applied to the ’real' world. I can think of no better way to express my thanks to the University, than by giving the University an opportunity to benefit from the continued success of QFS."

Grossman formed an affiliate of QFS in 1988 to develop investment models based on his "research discoveries in the fields of economics and quantitative finance," according to the asset manager's website. Grossman remains chairman and chief executive officer of QFS.

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