Squarepoint signaled that its top-performing hedge funds will deploy some of their capital to make loans to borrowers that are quite close to home.
The quant firm raised the possibility in a regulatory filing that its “higher-fee” funds would lend money to the STG Group, a venture that operates separately from Squarepoint’s money management unit. Both the higher-fee funds and the STG Group are primarily owned by Squarepoint’s principals and staff rather than external clients.