Mergers & Acquisitions / Joint Ventures

FRM seeking to raise managed accounts platform assets


London-based Financial Risk Management (FRM) will seek out more managed account arrangements with selected hedge fund managers under its $19.5 billion portfolio to enhance the safety of client money and liquidity during turbulent times.

Eric Burl, the head of managed accounts at FRM, told AsiaHedge that they are targeting to bring the size of the group’s managed accounts exposure in the next six to 18 months to around $11-$12 billion from only $8 billion this year.

He explains that the underlying goal is to bring the ratio of managed accounts to around 60 to 70% of the portfolio