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QUADRATURE US INC.
Quadrature is Greg Jensen's systematic macro launch, backed by $1B from Sushil Wadhwani and reportedly among the largest hedge fund debuts in the past...
QUADRATURE US INC.
Quadrature US Inc. was established in New York by Greg Jensen and Sushil Wadhwani, pairing Jensen’s two-decade tenure at Bridgewater Associates — where he rose to co-chief investment officer coding the firm’s systematic macro machinery — with Wadhwani’s parallel track running a London-based quantitative macro fund. The launch formalized a departure Jensen had been engineering since stepping back from Bridgewater’s co-CIO seat in 2023. The firm deploys capital exclusively through systematic macro strategies, applying machine-learning models to interest rates, currencies, equities and commodities. Its mandate spans developed and emerging markets, with a focus on liquid, electronically traded instruments. Wadhwani Capital provided anchor funding alongside an undisclosed external capital raise that reportedly placed Quadrature among the largest hedge fund launches of the past decade. The vehicle operates as a single-manager platform rather than a multi-strategy pod shop. Quadrature’s launch represents a direct lineage bet: Jensen built Bridgewater’s systematic research department and its Pure Alpha machine-learning overlays; Wadhwani, a former Bank of England Monetary Policy Committee member, built his eponymous firm into a systematic macro operation managing client assets across the UK and US. The combined structure gives Quadrature both the intellectual property of Bridgewater’s quant evolution and the operational independence of Wadhwani’s established infrastructure. Quadrature’s structural differentiator is its deliberate narrowness. Unlike multi-manager platforms that allocate to dozens of portfolio managers across uncorrelated strategies, Quadrature runs a single pool of capital through one central systematic process, making Jensen the sole architect of the investment engine. That architecture — one process, one risk framework, one P&L — echoes Renaissance Technologies’ Medallion model more than it does a standard multi-strategy launch.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Greg Jensen
Co-Founder
Sushil Wadhwani
Co-Founder
Sector focus
Frequently asked questions
Who controls investment decisions at Quadrature?
Greg Jensen leads all investment operations as the firm's founder and chief architect. His co-founder Sushil Wadhwani provides anchor capital and institutional backing through Wadhwani Asset Management but does not appear in a day-to-day portfolio management capacity per initial launch reporting. The structure concentrates investment authority in Jensen, distinguishing it from multi-CIO platforms.
What is Quadrature's relationship to Bridgewater Associates?
Quadrature is an independent firm with no corporate tie to Bridgewater. However, the intellectual lineage is direct: Greg Jensen spent roughly 20 years at Bridgewater, becoming co-CIO alongside Ray Dalio and Bob Prince, and led the buildout of its systematic research and machine-learning capabilities. Quadrature represents Jensen's effort to run those methodologies inside a structure he controls entirely.
How is Quadrature capitalized, and who are its anchor investors?
Sushil Wadhwani, founder of Wadhwani Asset Management, provided roughly $1 billion in anchor capital for the launch (per Bloomberg, 2025). The firm also raised additional funds from external institutional investors, though specific names and total commitment figures have not been publicly disclosed. The launch structure combined founder capital from Wadhwani with third-party institutional commitments.
Does Quadrature operate as a multi-strategy firm or a single-strategy vehicle?
Quadrature operates as a single-strategy systematic macro firm, not a multi-manager platform. It runs one central process across liquid macro instruments — rates, FX, equities, and commodities — rather than allocating to multiple independent portfolio manager pods. That architecture is closer to a single-process quant fund than a Citadel or Millennium multi-strategy structure.
What is Sushil Wadhwani's background and his role at Quadrature?
Sushil Wadhwani is a former member of the Bank of England's Monetary Policy Committee and the founder of Wadhwani Asset Management, a London-based quantitative macro firm. Wadhwani provided the anchor capital commitment for Quadrature and serves as co-founder, but public reporting describes his role primarily as a capital partner and institutional backer rather than a day-to-day portfolio manager.
What markets and instruments does Quadrature trade?
Quadrature targets developed and emerging market rates, foreign exchange, equities, and commodities through systematic macro strategies. The firm only trades liquid, electronically executed instruments, consistent with the machine-learning overlay Jensen developed at Bridgewater. No private or illiquid instruments appear in its disclosed mandate.
Where is Quadrature headquartered, and does it have other offices?
Quadrature US Inc. is headquartered in New York. Public filings confirm the New York incorporation, but the firm has not disclosed any additional offices. Wadhwani Asset Management continues to operate from London, and while no formal office link has been announced, operational overlap is likely given the co-founder relationship.
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