The firm set up by former employees at some of the world's most renowned computer-driven hedge funds has nearly doubled its assets in recent months.
Reuters reported that Solaise Capital, which was started by Man Group and Winton Capital alumni, currently has about $165 million in assets. Launched in 2010, Solaise managed about $86 million in assets just five months ago.
London-based Solaise's increase in assets could be attributed to investors who are moving toward smaller firms admist the tough economic market. Hedge fund giants Winton Capital and Man Group's computer-driven funds both saw outflows in recent months.