Thursday, 24 July 2014
Last updated 8 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…