Thursday, 29 January 2015
Last updated 7 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…