FRM Seeds Artificial-Intelligence-Based Asset Manager

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note