Goldman Invests in Quantitative Services Group


New York – The Quantitative Services Group (QSG), which provides bespoke quantitative modeling primarily for hedge funds, announced that it has joined Goldman Sach’s Hudson Street platform as the ninth alternative research provider to enter a distribution agreement. As part of the agreement, Goldman is making a minority investment in QSG. Since Goldman Sachs private equity group had made an investment in Wall Street on Demand, a Boulder-based distributor of research, the investment in QSG brings the total number of investments by Goldman in alternative research to ten.

Quantitative Services Group (QSG) a provider of quantitative equity research which provides investors with off-the-shelf models as well as bespoke quantitative models. It offers seven pre-built models for US equity markets, including a value momentum model, a relative momentum model, a GARP (Growth At a Reasonable Price) model, a price momentum model, a deep value model, an earnings momentum model and a growth model. It also offers industry models for REITs, Retail, and Banks and Thrifts, and international equity valuation and momentum models. The company also offers trade analytics models. The firm is willing to customize its models to client specifications.

QSG predominantly works with hedge funds, and says it limits its client base to 50 firms, although this begs the question of why it has entered a distribution deal with Goldman Sachs. QSG was founded in 2001 and is headquartered in Naperville, IL, just west of Chicago.

The press release is copied below and can be found at the following link:

Quantitative Services Group LLC Joins Hudson Street Services
Hudson Street Team to Introduce QSG’s Products to Goldman Sachs Institutional Clients

NAPERVILLE, Ill.–(BUSINESS WIRE)–Quantitative Services Group LLC (QSG), a provider of equity research services, custom stock selection models and independent trading cost analytics to institutional investors, announced today that it has entered into an agreement with Goldman, Sachs & Co.’s Hudson Street Services. Under the agreement, Hudson Street Services will introduce QSG’s unique set of products and services, via the Hudson Street Services platform, to Goldman Sachs institutional clients.

QSGs technology platform, modeling techniques and specialty data sets offer our clients access to important tools for their business, said Mike Sanders, Managing Director of Hudson Street Services. “The firms approach to data and investment style ensures the offering remains relevant to the investment decision making process irrespective of market conditions and investment strategies. Tom Conigliaro, head of distribution for the Hudson Street Platform, added, “QSG’s extensive product offering is compelling to many different types of asset managers and disciplines, allowing Hudson Street to market QSG to a vast cross section of the Goldman Sachs client base.”

Hudson Street Services offers investment professionals access to a select platform of unique content and tools that can be integrated into their investment process. Collectively, Hudson Street Services offers a more flexible, more efficient way for clients to access critical information designed to ultimately assist clients in making better investment decisions.

Joining the Hudson Street platform allows QSG to reinvest our commercial success in R&D, client service and alpha-generating innovations, said Timothy A. Sargent, President and founder of QSG. The decision to join the other best in breed companies on the Hudson Street platform is both a visible way to assert our independence and reinforce our commitment to our clients.

As part of the transaction, The Goldman Sachs Group, Inc. will make a minority investment in QSG. QSG will continue to operate autonomously and will continue service to all its existing and new clients directly through its equity research and trading client teams and web-based research portal.

This release does not constitute an offer to sell or a solicitation of an offer to sell any securities of QSG.


Quantitative Services Group LLC
Catherine Morgenstern
630/637.8088 x224;


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