UBS AM joins buy-siders building central data science teams

Data science unit will serve firm’s non-quant investment staff

UBS Asset Management has become the latest fund manager to set up a dedicated team to integrate the use of new types of data, machine-learning technology and other quant tools into its fundamental investment process.

The $795 billion asset manager has established a centralised quant unit called the Quantitative Evidence and Data Science (QED) team, to act as a resource for the firm’s non-quant investment professionals.  

The group’s role will be to promote the use of data science throughout