Wed, Jul 1, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner