UBS Group AG’s (UBS) division — UBS Asset Management — has entered into a definitive agreement to divest the management of its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory and shareholder approvals and other customary closing conditions. UBS’ QIS team currently manages approximately $1.5 billion in assets, which will be transferred to Manteio Partners. Following the comp ...