Man Group Backs Former Citadel Manager for New Japan Hedge Fund
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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 a statement.
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.