Wed, Aug 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The perfect circle brings Luke Ellis back to FRM

Thursday, November 22, 2012

amb
Luke Ellis
By Beverly Chandler, Opalesque London:

In his role as chief executive officer of FRM, Man Group’s newly remodelled fund of funds business, Luke Ellis has every right to feel that he got his baby back. Ellis joined Blaine Tomlinson at FRM in 1998, built the fund of funds’ firm FRM up through its independent years, and then left to take up the good life down on the farm (literally).

He returned to the hedge fund world in 2011, to the Man Group and now gloriously, has been reunited with his business with the Man Group’s purchase of FRM in May 2012. Seeing the FRM logo go up on the wall of the Man Group’s reception had a sentimental appeal for Ellis, he reveals in an interview with Opalesque.

The newly re-modelled FRM includes the remains of Man Group’s other fund of fund businesses, including the Swiss based firm RMF, which had suffered a near catastrophic fall in assets through significant exposures to Madoff.

The combined FRM was completely integrated before the London Olympics were finished and Ellis is now spearheading a $19bn fund of fund business which, despite the torrid time the industry generally and Man in particular has endured over the last five years, is still a larger pot of cash than FRM had at its independent peak.

"The good thing about bringing the two businesses together is that from a shareholder's point of view, the operational efficiency is important and from a client’s......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it