Blackstone-backed quant gains 20% amid wild Covid-19 markets
Bayforest Capital employs just five people but expects to oversee $235m in the coming month, compared to $45m at the end of 2019
London — A machine-learning hedge fund backed by Blackstone Group is enjoying a growth spurt after notching a 20% gain in this year’s wild pandemic markets.
Bayforest Capital, which employs just five people in London, is set to oversee $235m in managed accounts over the coming month, compared to $45m at the end of 2019. It also plans to launch a fund for institutional investors later this year...