"Toby has demonstrated his ability to run a successful portfolio within a robust risk management framework and with FCA's support we believe he will be able to build an alternative investment management business that benefits his investors, his team and FCA's investors."
Toby Bartlett, CIO of Arena, said:
"As a new hedge fund, this major investment by FCA allows us to focus all our energies on operational excellence and generating high quality returns for our investors.
"Our focused approach to fundamental research in Japanese equities, combined with disciplined portfolio construction and risk management, allows us to pursue our goal to have low correlation to markets and protect against downside volatility whilst capitalizing on market opportunities for our investors.
"This strategic relationship with FCA is a major endorsement of the investment process and business principles of Arena."
Arena is the first seeding deal announced by FCA since FRM was acquired by Man in
and combined with its multi-manager business to create the largest independent European based fund of hedge funds group.
Notes to editors:
FRM is a top 10 global industry allocator to hedge funds by AUM, and the largest independent European based FoHF managing commingled funds and advising institutional clients
. It has one of the industry's largest research and investment teams -- located in
, Pfaffikon (
-- who are supported by institutional quality infrastructure. The business offers clients a wide range of multi-manager investment services across the liquidity spectrum, from commingled FoHFs through managed accounts (MACs) to risk management and manager seeding activities through FRM Capital Advisors (FCA).
Source: Man and Towers Watson Global Alternatives Survey,
, based on YE 2011 AUM.
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. At
30 September 2012
, Man managed
US$ 60 billion
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 250 Index with a market capitalisation of around £ 1.7 billion. Man is a signatory to the United Nations Principles for Responsible Investment (PRI). Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at
Arena Capital Management Limited (Arena):
Before founding Arena Capital,
worked for Highbridge Capital Management (
) from 2009 to 2011 as a portfolio manager of Pan-Asian equities focusing on the consumer related companies. Prior to this, he worked at Citadel Investment Japan from 2007 to 2009 where he was also a portfolio manager and ran a
-focused equity portfolio. He started his career as an analyst at Fidelity Investments Japan and worked there from 2004 to 2007 where he became a portfolio manager of the Japanese consumer space. Mr Bartlett has a Bachelor of Commerce in International Finance and a Bachelor of Arts in Asian Studies gained from
Griffith University, Australia
SOURCE FRM Capital Advisors