Sun, Nov 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Man Group to continue funding of Oxford-Man Institute of Quantitative Finance for another five years

Monday, March 25, 2013
Opalesque Industry Update - Man Group plc and the Oxford-Man Institute of Quantitative Finance (OMI) announce the extension of Man’s funding of the Institute through to 2018. This five-year funding extension underscores Man's commitment to building a world-leading quantitative investment business following the recent combination of AHL, Man’s world-leading quantitative investment manager, and Man Systematic Strategies, its specialised innovative, quantitative division.

For the OMI, the extended collaboration provides certainty to help achieve their aim to be the world’s foremost centre for quantitative finance research, gathering the best in academia and industry to solve problems that have a real impact on the sector and society.

Founded in 2007 with funding from Man, the OMI is the home of interdisciplinary research in quantitative aspects of finance at the University of Oxford. The collaboration, which involves the co-location of the Man Research Laboratory (MRL) housing AHL researchers alongside the Institute, remains the first and only co-location of its kind between the University and an alternative asset management firm. The extension of the funding secures Man’s continued physical presence at the OMI and the associated benefits of this collaboration.

Tim Wong, Executive Chairman of AHL said: "Man's longstanding physical presence within Oxford University’s unique academic space devoted to developing world-leading quantitative research has provided a huge boost for both recruitment and the exchange of ideas and intellectual capital over the past six years. Though we do not seek to influence the OMI’s research in any way, we benefit hugely from the relationship and the exposure it gives us to early stage academic work and models in our field.

The extension of sponsorship to 2018 underscores both Man’s objective of developing Europe's most successful quantitative-based business and provides support for the OMI’s vision for its development over the next five years.”

Professor Terry Lyons, Director, OMI stated: “I am excited by the decision of Man to continue their engagement with OMI and to extend their funding until at least 2018. This commitment underpins the OMI vision: to provide a unique opportunity for academic and commercial researchers to work alongside each other on a daily basis in a vibrant purpose designed environment. The association with Man has identified new priorities and stimulated exciting and fundamentally new research directions.

Quantitative skills are critical and frequently underutilised components in the toolbox of individuals shaping today and the future of the financial services industry and of the whole financial economy. Our ambition is therefore to build an outstanding interdisciplinary centre for quantitative finance. Our experience tells us that critical to this vision is a model that has engagement with both academic and industry partners at its core.”

Press release

www.man.com

www.oxford-man.ox.ac.uk

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro