Man Group Switches Focus of Oxford University Department

ENLARGE Crests seen at the entrance to the Bodleian Library in Oxford. Photo: Bloomberg News By Laurence Fletcher Laurence Fletcher The Wall Street Journal CANCEL Biography @journofletcher May 11, 2016 2:52 a.m. ET 0 COMMENTS LONDON—Man Group, one of the world’s biggest hedge fund firms, is changing the focus of an Oxford University research department it funds to “machine learning” as firms increasingly embrace technology to gain a competitive edge. Man, which runs $78.6 billion in assets, has put millions of dollars into the Oxford Man Institute, or OMI, since setting it up in 2007, with the aim of tapping some of its research ideas. The unit, which has been researching a range of subjects such as statistics, economics and financial asset prices, will now focus solely on machine learning, in…

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