Money management: Departure doesn't slow First Quadrant business; California quant shop is rebounding from plunge in assets and loss of founder Arnott.(News)(Rob Arnott)

Pensions & Investments, June, 2005 by O'Connor, Cecily

Byline: Cecily O'Connor PASADENA, Calif. - Executives at First Quadrant LP say business is thriving, despite the high-profile departure last year of founder and Chairman Rob Arnott. The firm, which offers quantitative, fundamental investment strategies, has added four institutional global tactical asset allocation and global macro accounts since the start of the year.

And First Quadrant officials said they expect to pick up at least two more big ones, as well as a customized futures/options mandate, in the second quarter. Total assets under management are expected to rise to $23 billion as of June 30, from $21.3 billion as of March 31, said Curt Ketterer, chief operating officer. These numbers reflect First Quadrant's first-quarter change in the way it...

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