Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers.

Hou has taken on the role of quantitative research director at Qube in Hong Kong.

The report notes that Hou spent the past three and a half years at Cubist and has a long-standing relationship with founder Steve Cohen – having previously been an MD of quantitative strategies at Cohen's former hedge fund, SAC Capital.

After leaving SAC in 2009, Hou spent 12 years as the founder and CIO of his own firm, TrueArrow Capital, before reuniting with Cohen at Cubist in 2021.

Qube, which employs around 300 people across the APAC region – with half in Hong Kong – has been expanding its team over the past year. However, growth in Hong Kong has been more modest, with about 40 new hires in the past year.

The latest addition to its regional team is Joshua Valencia, a quantitative technology director who previously worked as a trading systems engineer at Maven Securities, Optiver, and IMC Trading.