Man Group is marking the 25th anniversary of Man FRM, a global alternatives investment specialist with USD12.8 billion of funds under management.
FRM was founded in 1991 in London as a hedge fund research consultancy and in 1997 launched its first client partnership solution and its flagship commingled portfolio product.
In 1998 the firm expanded into managed accounts to better serve clients and the firm’s own investment needs. In 2000 it was behind the development of the MSCI hedge fund indices in collaboration with Morgan Stanley.
In 2012, FRM was acquired by Man Group and combined with the group’s existing multi-manager business, becoming Man FRM.
In recent years, Man FRM has expanded geographically, further building out its distribution platform and making major headway in the US market. This includes investing in credit focused strategies by combining with Pine Grove, a US-based multi-manager, in 2014. In 2015, Man FRM also assumed responsibility for a number of alternative investment funds previously run by Merrill Lynch Alternative Investments, which added USD1.1 billion of multi-strategy and single strategy funds.
During its 25th anniversary year, Man FRM has continued to attract large institutional mandates, particularly within its managed accounts offering.
Luke Ellis (pictured), chief executive officer, Man Group, says: “I joined Man FRM in 1998 and since that time the business has evolved into one of the largest and most established independent hedge fund solutions providers. Its long-term experience and expertise, built up over its 25-year history, mean that it is a key contributor within Man Group’s diversified model. Man FRM’s recent development and expansion has directly resulted in a number of significant institutional mandates, which I believe bears testament to the strength of its offering and the potential value that it can bring to investors.”
Keith Haydon, chief investment officer, Man FRM, says: “Over its 25 year history, Man FRM has evolved significantly, adapting as market trends and investors’ needs have developed. Our absolute focus on seeking to generate alternative returns with low levels of correlation to equities and bonds for our clients has been consistent over that time. We will continue to work collaboratively with our investors globally to share innovative ideas and develop hedge fund solutions for their specific needs.”
Michelle McCloskey, president, Man FRM, says: “As we look towards Man FRM’s future, we will continue to draw on the expertise and intellectual capacity within the firm and from across Man Group to develop new solutions to present a clearly differentiated offering. To do this, we will continue to invest in our cutting-edge technology, with the goal of serving our clients and helping them achieve their objectives flexibly and with the utmost transparency.”