Quantitative Investment Management | PanAgora Asset Management

Evolutionary Quantitative Investing

PanAgora Asset Management is a quantitative investment manager of distinct and innovative Equity, Multi Asset and Risk Premia strategies that are designed to address the evolving objectives of institutional investors worldwide.

PanAgora builds strategies on a foundation of continuous, innovative research that integrates in‐depth fundamental insights with the breadth and discipline of sophisticated quantitative techniques.

PanAgora’s process is fluid and holistic, with the flexibility required in a complex marketplace to assimilate advances in technology and address a rapidly changing investment environment.

Learn More About PanAgora

Investment Strategies

PanAgora Asset Management is a premier provider of quantitative investment solutions. PanAgora’s investment strategies are highly systematic in nature, and are built and overseen by talented and experienced investment professionals who deploy sophisticated quantitative techniques while incorporating fundamental insights. Innovative research plays a central role in our investment philosophy and process and is an essential component of our firm’s ability to deliver what we believe are attractive investment solutions.

Active Equity

Quantitatively based investment strategies which seek to systematically identify and exploit inefficiencies in Equity markets.

Learn More

Multi Asset

Strategies designed to generate stable returns through thoughtful portfolio construction and diversified global exposure.

Learn More

Defensive Equity

An investment approach that seeks to efficiently capture the Risk Premia associated with long-term factor exposures.

Learn More

Recent Research

Behind the Recent Broad-Based Rise in Quant Strategies

Oct 22, 2025

Quantitative strategies have recently performed well, though for different reasons. This paper examines how today’s broad-based results stem from two distinct types of managers and considers how distinguishing between factor-driven and idiosyncratic approaches can provide insight into performance dynamics.

The Rapid Adoption of the Chatbot and Acceptance of Quantitative Investing

Oct 15, 2025

On November 30, 2022, OpenAI made ChatGPT available to the public as a part of a free research preview. Two months later, ChatGPT reached 100 million users. This pace of adoption proved to be faster than TikTok or Instagram. Today, Generative AI is ubiquitous. Many people use it every day to compose emails, write speeches, […]

Rethinking Active – The Case for Low Tracking Error Managers

Feb 28, 2025

Given their poor track record, many dismiss active management in US large caps. But our analysis suggests the issue is not active management itself—it’s that high tracking error managers drag down the average. In this paper, Global Chief Investment Officer George Mussalli examines how greater allocations to low-risk managers have the potential to improve the […]

The Many Flavors of Quant

Aug 14, 2025

In this paper, George Mussalli, Global Chief Investment Officer, examines idiosyncratic-oriented quantitative strategies, noting their varied approaches and low correlations. These characteristics have the potential to enhance portfolio diversification and deliver consistent results, even when traditional factors lag.

Macro Tailwinds for the Resurgence of Active Investing

Mar 31, 2025

In this paper, Dr. Eric Sorensen outlines research findings suggesting that active investing may have the potential for a resurgence, particularly within systematic and diversified strategies, when considering historical trends.

Discover More Research

News

October 23, 2025

Investment Strategies

Active Equity

Multi Asset

Defensive Equity

Recent Research

Behind the Recent Broad-Based Rise in Quant Strategies

The Rapid Adoption of the Chatbot and Acceptance of Quantitative Investing

Rethinking Active – The Case for Low Tracking Error Managers

The Many Flavors of Quant

Macro Tailwinds for the Resurgence of Active Investing

News

Congratulations to the 2024 Winners of the Dr. Richard A. Crowell Memorial Prize

PanAgora Welcomes Tim Stanton as Managing Director, Head of Global Distribution

PanAgora announces changes to executive leadership team, positioning company for continued growth

PanAgora Announces the 22nd Annual Dr. Richard A. Crowell Memorial Prize Winners

PanAgora’s Jon Birtwell Talks Market Trends and Insights with Trader TV

PanAgora Announces the 21st Annual Dr. Richard A. Crowell Memorial Prize Winners

In honor of National Women’s Month, PanAgora recognizes Dr. Jaime Lee, Head of Dynamic Equity

Nick Alonso and George Mussalli were featured in an Institutional Investor article : “PanAgora: It’s Time for Investors to Add Defensive and Energy Stocks”

20th annual Dr. Richard A. Crowell Memorial Prize

PanAgora team led by CEO Eric Sorensen featured in Bloomberg

Jaime Lee featured on FundFire

George Mussalli interviewed on Responsible Investor

George Mussalli featured in Finadium SFM

Jaime Lee featured in the Financial Times

George Mussalli featured in Risk.net

19th annual Dr. Richard A. Crowell Memorial Prize

George Mussalli was quoted in Gregor Stuart Hunter and Jackie Edward’s article, “Goldman Says Tech to Lose Out to Beaten-Down Banks and Autos,” published by Bloomberg.

The Bloomberg article, “Bridgewater’s Risk-Parity Shift Jolts a $400 Billion Quant Trade,” by Justina Lee, features insights from PanAgora’s Eddie Qian.

George Mussalli was quoted in Claire Ballentine, Katherine Greifeld, Gregor Stuart Hunter and Eric Lam’s article, “What Happens to the Markets If There’s a Vaccine,” published by Bloomberg.

PanAgora’s Lei Liu was featured in Bradley Saacks and Dan DeFrancesco’s article, “How to pitch Point72, Bridgewater, and other big names on buying new data sets, according to 7 people in charge of their strategies,” published by Business Insider.

CEO, Eric Sorensen was quoted in David Ardagh’s article “The Best Machine Learning Algorithms To Learn for Landing a Top Hedge Fund Job in the 2020s,” published by Medium: Towards Data Science.

PanAgora’s George Mussalli was quoted in Gregor Stuart Hunter’s feature piece “Quant Pioneer Says Markets Face Upheaval on Path Toward Vaccine,” published by Bloomberg.

PanAgora’s George Mussali was quoted in David Whitehouse’s piece, Quantamental Investing Strategy Shines in Coronavirus World, published by The Trade in its annual outlook piece.

George Mussalli was quoted in Justina Lee’s article, “Quants Sound Warning as Everyone Chases Same Alternative Data,” published by Bloomberg.

George Mussalli was quoted in Dan DeFrancesco and Bradley Saacks’ article, “Building Terminators: Massive hedge funds like Man Group, Bridgewater, and Schonfeld lay out their vision of the right ‘quantamental’ mix of humans and machines,” published by Business Insider.

George Mussalli was featured in Arthur Villasanta’s article “Coronavirus Vaccine Unlikely To Arrive in 2020: ‘It Doesn’t Look Very Promising,'” published by the International Business Times.

George Mussalli is quoted in James Rundle’s article, “AI Funds Decline – Then Recover – During Market Turmoil,” published by The Wall Street Journal.

Richard Tan was quoted in Namitha Jagadeesh’s article “European Stocks Head for Best Month in Decade on Virus Drug Hope,” published by Bloomberg.

George Mussalli was quoted in Dervedia Thomas’s article “Asset Managers Tap into Alternative Data to Track COVID-19 Spread,” published by FundFire.

Richard Tan was quoted in Faye Kilburn’s piece on how quants are responding to the market correction and impact of the COVID-19 outbreak, “Factor strategies seesaw in coronavirus-hit market,” published by Risk.net.

Interview with LinkedInLive at the Cayman Alternative Investment Summit

PanAgora’s CEO, Eric Sorensen, was featured in Justina Lee’s article “Sixteen Leading Quants Imagine the Next Decade in Global Finance,” published by Bloomberg.

George Mussalli was quoted in Dervedia Thomas’s article “Managers Move Cautiously with Alternative Data as Scrutiny Intensifies,” published by FundFire.

Congratulations to the 2024 Winners of the Dr. Richard A. Crowell Memorial Prize

PanAgora Welcomes Tim Stanton as Managing Director, Head of Global Distribution

PanAgora announces changes to executive leadership team, positioning company for continued growth

PanAgora Announces the 22nd Annual Dr. Richard A. Crowell Memorial Prize Winners

PanAgora’s Jon Birtwell Talks Market Trends and Insights with Trader TV

PanAgora Announces the 21st Annual Dr. Richard A. Crowell Memorial Prize Winners

In honor of National Women’s Month, PanAgora recognizes Dr. Jaime Lee, Head of Dynamic Equity

Nick Alonso and George Mussalli were featured in an Institutional Investor article : “PanAgora: It’s Time for Investors to Add Defensive and Energy Stocks”

20th annual Dr. Richard A. Crowell Memorial Prize

PanAgora team led by CEO Eric Sorensen featured in Bloomberg

Jaime Lee featured on FundFire

George Mussalli interviewed on Responsible Investor

George Mussalli featured in Finadium SFM

Jaime Lee featured in the Financial Times

George Mussalli featured in Risk.net

19th annual Dr. Richard A. Crowell Memorial Prize

George Mussalli was quoted in Gregor Stuart Hunter and Jackie Edward’s article, “Goldman Says Tech to Lose Out to Beaten-Down Banks and Autos,” published by Bloomberg.

The Bloomberg article, “Bridgewater’s Risk-Parity Shift Jolts a $400 Billion Quant Trade,” by Justina Lee, features insights from PanAgora’s Eddie Qian.

George Mussalli was quoted in Claire Ballentine, Katherine Greifeld, Gregor Stuart Hunter and Eric Lam’s article, “What Happens to the Markets If There’s a Vaccine,” published by Bloomberg.

PanAgora’s Lei Liu was featured in Bradley Saacks and Dan DeFrancesco’s article, “How to pitch Point72, Bridgewater, and other big names on buying new data sets, according to 7 people in charge of their strategies,” published by Business Insider.

CEO, Eric Sorensen was quoted in David Ardagh’s article “The Best Machine Learning Algorithms To Learn for Landing a Top Hedge Fund Job in the 2020s,” published by Medium: Towards Data Science.

PanAgora’s George Mussalli was quoted in Gregor Stuart Hunter’s feature piece “Quant Pioneer Says Markets Face Upheaval on Path Toward Vaccine,” published by Bloomberg.

PanAgora’s George Mussali was quoted in David Whitehouse’s piece, Quantamental Investing Strategy Shines in Coronavirus World, published by The Trade in its annual outlook piece.

George Mussalli was quoted in Justina Lee’s article, “Quants Sound Warning as Everyone Chases Same Alternative Data,” published by Bloomberg.

George Mussalli was quoted in Dan DeFrancesco and Bradley Saacks’ article, “Building Terminators: Massive hedge funds like Man Group, Bridgewater, and Schonfeld lay out their vision of the right ‘quantamental’ mix of humans and machines,” published by Business Insider.

George Mussalli was featured in Arthur Villasanta’s article “Coronavirus Vaccine Unlikely To Arrive in 2020: ‘It Doesn’t Look Very Promising,'” published by the International Business Times.

George Mussalli is quoted in James Rundle’s article, “AI Funds Decline – Then Recover – During Market Turmoil,” published by The Wall Street Journal.

Richard Tan was quoted in Namitha Jagadeesh’s article “European Stocks Head for Best Month in Decade on Virus Drug Hope,” published by Bloomberg.

George Mussalli was quoted in Dervedia Thomas’s article “Asset Managers Tap into Alternative Data to Track COVID-19 Spread,” published by FundFire.

Richard Tan was quoted in Faye Kilburn’s piece on how quants are responding to the market correction and impact of the COVID-19 outbreak, “Factor strategies seesaw in coronavirus-hit market,” published by Risk.net.

Interview with LinkedInLive at the Cayman Alternative Investment Summit

PanAgora’s CEO, Eric Sorensen, was featured in Justina Lee’s article “Sixteen Leading Quants Imagine the Next Decade in Global Finance,” published by Bloomberg.

George Mussalli was quoted in Dervedia Thomas’s article “Managers Move Cautiously with Alternative Data as Scrutiny Intensifies,” published by FundFire.