Quantitative hedge fund AlphaQuest, which rebranded from Quest Partners earlier this year to signal its “alpha-driven” approach, has posted an 11.4% decline in 2025 up to the end of August, according to a report by Bloomberg.
The firm’s assets under management stood at $2.2bn at the start of the year.
The drop extends a difficult period for AlphaQuest, which has lost around 30% since October 2022, marking the longest losing streak since founder Nigol Koulajian launched the firm in 2001.
Known for its systematic trading strategies across futures, currencies, commodities, and stock and bond indices, AlphaQuest had historically thrived during market turbulence. In 2008, amid a 38% plunge in the S&P 500, the fund returned 55.8%. More recently, it has broadened its strategy to include individual equities and carry trades.
Koulajian, who survived Lebanon’s civil war, has built the firm on the principle of making money across different market environments, emphasising disciplined risk management. Despite the current drawdown, AlphaQuest continues to market itself under the tagline “Mathematics Meets Mindfulness,” highlighting its quantitative, model-driven approach combined with behavioral insights.
A spokesperson for the New York-based firm declined to comment.
