JD Capital Management, an alternative investment management company in Connecticut, and FRM Capital Advisors (FCA), a division of Financial Risk Management (FRM) the global fund of hedge funds group, have formed a strategic relationship under which JD Capital will receive up to $50 million from FCA.
JD Capital manages $160 million in managed accounts and a volatility fund.
FRM manages approximately $9 billion worldwide for institutional and other sophisticated investors.
FCA makes strategic investments in emerging alternative investment managers.