Wed, Sep 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Locke's CEO Bonnin (2): Stepping up from trend following to Machine Learning, Chains of Markov, Support Vector Machines and Kelly Rule

Wednesday, February 10, 2010

Benedicte Gravrand, Opalesque London:

Part One of the interview ("How Bonnin discovered the world of quant and why the French like it so") was published yesterday and can be found here.

Challenges for CTAs The big challenge, according to François Bonnin, is to be in research and to uncover more and more behaviours in the markets. As technology is evolving, it is doing some very impressive things.

"I recently heard, for example, of new software that is capable of distinguishing a person drowning from a person who is making some strange movements and playing," Bonnin said during the Opalesque video interview in Paris last month (view Part Two here). "Such things are only feasible thanks to new venues of research. It is quite similar in finance, if you think of the way prices form; it's people coming together and buying and selling things. This is like a vote in a way, and the more people buying and selling (or, the greater the liquidity of an instrument), the more information is embedded into the price."

Analysing this information with statistical, probabilistic methodologies can help decide what is going on and what course of action to take to protect, to manage risk, to take advantage of opportunities, to forecast and derive some alpha from the market.

Oppor......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  4. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e