Frey Quantitative Strategies is set to enter the funds of
funds arena for the first time with a global multi-strategy
product that will take advantage of the deep quantitative
knowledge and mathematical mind of Robert Frey, former managing
director of Renaissance Technologies Corporation.
At a time when funds of funds are entering a new paradigm and
many of the old guard are still haemorrhaging assets, the Frey
Multi-Strategy Fund, which promises to be a "new generation"
fund, has already raised $350 million from ultra-high-net-worth
individuals and family offices, who know Frey and his
scientific approach to managing money.
The fund, which will invest in 20 to 30 underlying managers
across a variety of strategies, is expected to review its
capacity limits at around $1.5 billion. The Frey Multi-Strategy
fund has a return target of 10% to 15% with a risk target of 5%