Man Group Plc, the biggest publicly traded hedge fund
manager, is backing a new Japan-focused hedge fund started by Toby Bartlett, a
former manager at Citadel LLC and Highbridge Capital Management LLC, according
to Bloomberg.
FRM Capital Advisors Ltd., under Man Group, will make an
unspecified “significant investment” in the fund run by Hong
Kong ’s Arena Capital Management Ltd., the London-based provider of
startup capital to hedge funds said in the e-mailed statement. The new fund
bets on rising and falling Japanese stocks with a focus on domestic demand
industries.
It will be FRM Capital Advisors’s first investment since its
parent, London-based fund of hedge fund FRM Holdings Ltd., was acquired by Man
in May
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