Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

FRM’s new seeding partner embraces artificial intelligence

Wednesday, June 26, 2013

amb
Patric de Gentile Williams
By Beverly Chandler, Opalesque London:

Amplification on the news that Man Group’s fund of funds division FRM is to seed a little known artificial intelligence based company CommEq with an initial $25m finds that discretion is part of the package. Patric de Gentile Williams, Head of Seeding at FRM explains: "We have been fairly discreet about them because they do a relatively rare activity in the investment field."

CommEq has developed an artificial intelligence driven investment process in which they have invested a considerable amount of money. "Their system processes large amounts of information in the general sense so computers can handle far more information than human beings, which means that they can write programs that make sense of unstructured data" de Gentile Williams explains.

"It’s a very large body of sophisticated work representing some 150 man years" he says. The firm started trading according to its findings in 2008 with the firm’s own 'pretty modest’ amount of capital. Two and a half years later they added in a couple of shareholder account investments.

De Gentile Williams says: "The returns have been more than respectable but the nature of the strategy is that it trades with short holding periods of maybe one day so there may be many trades a day giving a large set of data that you can analys......................

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 Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass