Robert Frey launches Frey Quantitative Strategies with $350 Million

January 2nd, 2010
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Frey Quantitative Strategies, a hedge fund of fund management firm, has been formed by Robert Frey. From 1992 to 2004, Mr. Frey was a managing director at Jim Simons’ Renaissance Technologies Corporation where he developed the high-frequency Nova fund, which was later merged into Renaissance's Medallion hedge fund. Since retiring from Renaissance, Mr. Frey has been a research professor and the Director of the Program in Quantitative Finance at Stony Brook University in New York. At Stony Brook, his research focus is on risk management, modeling the process of managing complex and dynamic portfolios.

Frey Quantitative Strategies’ flagship Frey Multi-Strategy hedge fund was launched on December 1st with approximately $350 million in assets under management. The global Fund of Hedge Funds’ approach combines top-down and bottom-up investment disciplines using both quantitative and qualitative techniques.

Frey Multi-Strategy is managed using a proprietary computer driven model that aims to achieve returns of 10 to 15 percent. The fund places an emphasis on diversification across regions, sectors, asset classes and investment strategies.

In 2008, Robert Frey and his wife Kathryn B. Frey established the “Frey Family Endowed Chair in Quantitative Finance” in the Department of Applied Mathematics and Statistics at Stony Brook University with a gift of $1.5 million from the Frey Family Foundation.

Frey Quantitative Strategies is domiciled in the Cayman Islands, with investment offices London and New York.
For Detailed Investor Profiles on these Investors, click below:
Frey Quantitative Strategies
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Henrik P. Molin; Jim Simons; Robert Frey
Related Entities: Frey Multi-Strategy Fund; Frey Quantitative Strategies (Cayman) Limited; Frey Quantitative Strategies LLC; Medallion; Nova; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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