Ex-Man Group Strategist Launches Quant-Driven ESG Fund

Jan 31 2017 | 1:13am ET

Former Man Group executive Richard Bateson has formed a new asset management company that will apply quantitative and computer driven hedge fund techniques to sustainable investing.

Bateson, who holds a Ph.D. in physics from the University of Cambridge, was formerly head of Man’s multi-strategy systematic Dimension AHL fund and was GLG’s senior quantitative research strategist.

The new company, named Bateson Asset Management, will utilize quantitative methods such as machine learning and artificial intelligence to rank companies based on their environmental, social and governance characteristics, predict market patterns and target enhanced risk/adjusted returns, according to an article in Citywire. 

The company’s initial strategies will reportedly include BAM Generation, which will focus on equities, and BAM Lexicon, which will concentrate on non-commodity intraday financial futures. The company offers managed accounts, and both strategies will be available to professional investors in a Cayman Alternative Investment fund later this year.

Joining Bateson in the new venture is former Bear Stearns fixed income executive Rafe Eddington and former Man Galileo Investment Management COO Jonathan Greenhalgh. 

Bateson left Man Group in October 2013 and became CIO for Altera Partners Management, a quantitative multi-asset manager based in London. He remains in this role, according to Bateson’s LinkedIn profile. 

Bateston was formed in 2017 and is also based in London. 

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