Sat, Oct 1, 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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to