Wednesday, 22 February 2017
Last updated 11 min ago
Mar 27 2013 | 10:40am ET
Oxford University's Oxford-Man Institute of Quantitative Finance will continue to enjoy the backing of its namesake, the Man Group.
The hedge fund has committed to funding the institute, which it founded in 2007, for another five years.
"The extension of funding to 2018 underscores both Man’s objective of developing Europe's most successful quantitative-based business and provides support for the OMI’s vision for its development over the next five years," Man AHL Executive Chairman Tim Wong said.
"Quantitative skills are critical and frequently underutilized components in the toolbox of individuals shaping today and the future of the financial services industry and of the whole financial economy," OMI Director Terry Lyons added. "Our ambition is therefore to build an outstanding interdisciplinary centre for quantitative finance. Our experience tells us that critical to this vision is a model that has engagement with both academic and industry partners at its core."
Man set up OMI with a £13.75 million commitment, and last year helped it launch a "virtual data lab."