Boston • GIC Pte Ltd is hiring Fanesca Young from asset management firm Los Angeles Capital to oversee its quantitative stock group as Singapore’s sovereign wealth fund continues to build out its team for computer-driven investments.
Young, who was in charge of quantitative research for Los Angeles Capital before leaving the Los Angeles-based firm, will join the fund in June, according to a person with knowledge of the matter.
The wealth fund cautioned in July that “most asset classes are inflicted with a high- valuation problem”, which will weigh on returns in the coming decade.
Young will run the quant equities part, while Sanjay Yadav, a former BlackRock executive, leads the macro team, said the person, who asked not to be identified because the information isn’t public. — Bloomberg