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Alternative Market Briefing

FRM founder speaks of acquisition, consolidation and seeding in the fund of funds industry

Thursday, August 02, 2012

Blaine Tomlinson
By Beverly Chandler, Opalesque London:

London’s Opalesque Roundtable participant Blaine Tomlinson, founder of fund of funds group Financial Risk Management commented on their acquisition by Man Group in May, the future for funds of funds generally and the development of their seeding business since 2007.

The Opalesque London Roundtable, was sponsored by Eurex, Bingham and Taussig Capital.

Tomlinson said that the two key issues of 'scale and fit’ drove the decision to integrate FRM with Man’s Multi-Manager business, creating a $19bn multi-manager business. "One of the things we are seeing in the fund of funds industry is the importance of scale" Tomlinson said. "Competition is intense, and so firms that can deliver incredible resources and breadth of capability are going to do best".

With the new set up, the new firm will have a very large and global investment team which will have access and expertise in every facet of hedge fund investing around the world, Tomlinson said. "Very few firms will be able to match this. Scale also allows us to come in as a larger investor with hedge funds, essentially aggregating......................

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