New York (HedgeCo.Net) – Man Group plc‘s fund of hedge fund investment specialist, FRM, has decided to seed CommEq Asset Management as it launches an institutional asset management business.

CommEq works with under-explored, unstructured data sources and data streams and claims to have developed an artificial intelligence based prediction engine which aims to generate alpha from sources through a systematic, scalable investment process.

“Following an investment of more than 150 man years in natural language processing technology and predictive systems, CommEq has developed what we view as an innovative systematic platform which we believe goes well beyond known approaches in the field.” Patric de Gentile Williams, Head of Seeding at FRM said, “We feel this strategy may be attractive for investors looking for highly liquid, systematic, relative value investment strategies.”

CommEq was founded by Norwegian technology entrepreneur, Christofer Solheim. Together with Götz von Groll and Chris Shaw. 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
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