Thursday, 21 August 2014
Last updated 1 hour ago
Aug 2 2013 | 10:01am ET
CommEq Asset Management's new institutional asset management business has won a powerful backer.
Man Group fund of hedge funds unit FRM Capital Advisors will seed the new business, which will use what CommEq calls an artificial-intelligence-based prediction engine.
“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.” Patric de Gentile-Williams, FRM's head of seeding, said, ”We feel this strategy may be attractive for investors looking for highly liquid, systematic, relative value investment strategies.”
As part of the agreement, FRM will provide infrastructural, operational and risk-management support for CommEq.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note