New York (HedgeCo.Net) – Man Group plc’s fund of hedge fund division, FRM, has made a seed allocation to Norwegian applied mathematics, economics, computer linguistics, and software development company CommEq Asset Management. Man is also helping CommEq launch an institutional asset management business.

CommEq has developed an artificial intelligence based prediction engine which aims to generate alpha from previously under-explored, unstructured data sources and data streams that it believes have the potential to significantly influence the perception of corporations.

CommEq was founded by Norwegian technology entrepreneur, Christofer Solheim.

“Our alpha innovation and extensive research and development have enabled us to generate alpha throughout a wide range of market conditions for over five years.” Solheim, said, “The strategic relationship with FRM will help us both scale our business and accelerate our investment products.”

“Together with Gotz von Groll and Chris Shaw, Solheim has demonstrated experience in analytics and software start-ups,” Man said. As part of the relationship FRM will provide infrastructure and operational support to CommEq, as well as risk management via its Managed Accounts platform.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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