Ex-Man CEO Fink, Systematic Legend Hite Join Forces

Feb 22 2010 | 11:11am ET

Former Man Group CEO Stanley Fink is taking aim at his old firm with a new systematic hedge fund headed by one of the pioneers of the strategy.

Larry Hite—who helped begin Man’s transformation from sugar-trading firm to hedge fund when he sold half of his Mint Investment Management to Man in 1983—will manage the new ISAM Systematic fund. He’ll also join the board and become a shareholder of International Standard Asset Management, where Fink took the reins in 2008.

The new fund, set to launch in April, will be a direct competitor of Man’s flagship AHL strategy, also a systematic hedge fund. After getting its start with Mint, Man went on to acquire AHL beginning in 1989. The strategy now manages more than half of Man’s assets, topping US$20 billion.

ISAM aims to attract as much as US$6 billion for its new fund.

As part of the “strategic partnership” with Hite’s firm, Hite Capital Management, Alex Greyserman and Gilbert Lee, who work at Hite, will also join ISAM.

London-based ISAM also announced plans for a fund of hedge funds called the ISAM Fusion Fund. Fusion will invest only in managed accounts.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.