FRM Seeds Investment Firm Focused On Data Mining

Jun 26 2013 | 6:54am ET

FRM, Man Group's fund of hedge funds investment unit, has made a seed investment in CommEq Asset Management, which is forming an institutional asset management business.

According to the firm, CommEq has developed an artificial intelligence-based prediction engine which aims to generate alpha from “previously under-explored, unstructured data sources and data streams.” The firm believes this information has the potential to influence the perception of corporations and hence the pricing of their securities.

CommEq was founded by Norwegian technology entrepreneur, Christofer Solheim. Together with Götz von Groll and Chris Shaw, Christofer has experience in analytics and software start-ups. As part of the relationship, FRM will provide infrastructure and operational support to Commeq, as well as risk management via its managed accounts platform.

“Following an investment of more than 150 man years in natural language processing technology and predictive systems, CommEq has developed what we view as an innovative systematic platform which we believe goes well beyond known approaches in the field,” said Patric de Gentile Williams, head of seeding at FRM. “We feel this strategy may be attractive for investors looking for highly liquid, systematic, relative value investment strategies.”

Solheim added, “Our alpha innovation and extensive research and development have enabled us to generate alpha throughout a wide range of market conditions for over five years. The strategic relationship with FRM will help us both scale our business and accelerate our investment products.”


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls 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.