Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group CEO Stanley Fink, is to launch a computer-driven ‘black box’ fund to rival Man Group’s poorly-performing flagship AHL fund.
The firm is launching the ISAM Systematic fund in April with the help of industry veteran Larry Hite’s Hite Capital Management, which has been running computer-driven funds for the past nine years. Hite has a long track record in quantitative investment, having previously set up Mint Investment Management.
