US firm sets up new centre for engineering in Bengaluru

US-based AQR Capital Management Friday announced the setting up of a centre for engineering here.

The centre would focus on developing and enhancing solutions primarily on cloud-based platform, trading systems, data and visualisation tools, portfolio analytics and micro-service to support front office platforms, a press release said.

"Bengaluru has an inherent start-up culture and were looking to attract top talent in the region to join our organisation," chief technology officer of AQR Neal Pawar said in the release.

The team here would collaborate with the US engineering group on the development of technology central to research, portfolio management and trading systems of the AQR, the release said.

The centre would also help AQR further expand its presence across the globe and the company already has offices in the UK, Hong Kong and Australia, it added.