Thu, Feb 11, 2016
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s