In 2006 Man Group plc (Man) decided to create a collaboration with a leading research institution in Europe to help develop its business. Its vision was to bring together the commercial and academic worlds of quantitative finance and after discussions with several top academics institutions the University of Oxford was chosen. Nine months later, in September 2007, the Oxford-Man Institute (OMI) was officially opened, marking a significant development for quantitative finance, for interdisciplinary research and the creation of a new model for collaborating with industry sponsors.
Anthony Ledford, Chief Scientist at AHL, explains about the collaboration between Man Group and the University of Oxford
The collaboration with Man provides a unique opportunity for academics and commercial researchers to work alongside each other on a daily basis. The Institute’s focus is on independent academic research for the public domain, whilst Man’s laboratory focuses on commercial, profit driven research for AHL and Man Group.
OMI’s primary aims are to:
- Focus on developing research in quantitative finance that is at the forefront of academic thinking and which leads to significant changes in the understanding of markets
- Develop the next generation of leading academics to contribute to the understanding of quantitative finance and alternative investments
- Promote and encourage independent teaching and research in relevant methods and techniques associated with quantitative finance