Legend Quantitative Fund QRT expands in Hong Kong, mysterious Crypto Desk accelerates business expansion

【BitPush】Quantitative hedge fund circle has another big move. According to industry insiders, QRT, a well-known name on Wall Street and praised by Bloomberg as the “mysterious quant fund that is rewriting the $4.5 trillion hedge fund industry,” is aggressively expanding in Hong Kong.

Specifically, QRT has leased an entire floor at IFC Phase II in Central and will launch its new office in the first quarter of next year. More notably, they are simultaneously advancing a low-profile Crypto Desk operation — which is the real focus.

Clues can be seen from their recent recruitment activities. QRT has been continuously offering high salaries to attract talent in Hong Kong, with job postings for crypto asset research, quantitative analysis, and trading positions appearing one after another. Although this fund rarely makes public statements about crypto trading, industry insiders understand that they are systematically expanding their crypto data and quantitative team capabilities.

A quick background: QRT has roots in Credit Suisse, originating from a London-based quantitative fund team. Later, it achieved independent operation through a management buyout (MBO). Over the years, it has remained a mysterious player in the quant circle. Although not highly exposed, the industry has always paid close attention to its technical strength and trading capabilities. This major move in Hong Kong, to some extent, reflects the increasing deep involvement of institutional capital in the crypto market.