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

News Archive

Read More Industry News >

Man's FRM Seeds Start-Up Firm

Jun 26, 2013
Jing Chen

Man Group’s fund of hedge funds arm Financial Risk Management has seeded a start-up firm.

London-based Man announced in a statement Tuesday that FRM will make an undisclosed investment in CommEq Asset Management. FRM will also help CommEq launch an institutional asset management business.

Patric de Gentile Williams, the head of seeding at FRM, said that that the firm believes that CommEq has developed an “innovative systematic platform…that may be attractive for investors looking for highly liquid, systematic, relative value investment strategies.”

Man, the world’s largest publicly traded hedge fund, acquired FRM last year for $142.8 million. Founded by Norwegian technology entrepreneur, Christofer Solheim, CommEq “seeks out previously under-explored, unstructured data sources and data streams that it believes have the potential to significantly influence the perception of corporations.”

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More