Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Man Group Seeds Hong Kong HF

Jan 30, 2013
Jing Chen

A Man Group subsidiary is backing a new hedge fund started by a former Citadel manager.

Bloomberg reported that FRM Capital Advisors will make an undisclosed “significant investment” in the new fund managed by Toby Bartlett’s Hong Kong-based Arena Capital Management.

The new fund bets on rising and falling Japanese stocks with a focus on domestic demand industries.

FRM Holdings, the parent company of FRM Capital Advisors, was acquired by Man in May.

London-based Man, the world’s largest listed hedge fund, has about $60 billion in assets under management.

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