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