Hedge Fund Creates Research Institute

Date: Thursday, June 7, 2007
Author: New York Times

The Man Group, the largest publicly traded hedge fund in the world, said it would pay £13.8 million ($27 million) to set up a research institute at Oxford University. The funds, to be paid over five years, will create the Oxford-Man Institute of Quantitative Finance and endow a professorship. The initiative is a way for Man, which uses mathematical models to make investments, to find mathematicians, who have become increasingly scarce as students planning careers in hedge funds study business instead.