Former Renaissance man enters FoHF arena with $350m multi-strategy vehicle

Fri Dec 4, 2009




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.


Robert Frey


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% to...

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