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Alternative Market Briefing

Man GLG hires machine learning expert in AI push

Wednesday, April 26, 2017

Komfie Manalo, Opalesque Asia:

Man GLG, the discretionary investment management business of Man Group plc, is going ahead with its plan to develop its machine learning capabilities to provide the firm's portfolio managers with tools and techniques through which to support their analysis and decision-making processes.

To jumpstart this effort, Man GLG has appointed William Ferreira as head of its machine learning unit. As head of Man GLG's machine learning development, William will utilize the knowledge and expertise available across Man Group, including working collaboratively with Man AHL's machine learning team.

Teun Johnston, CEO of Man GLG, said, "We believe that machine learning techniques present an opportunity for discretionary investment managers, providing them with analytical tools to complement, and further enhance, their decision making processes. We are continually seeking to develop our offering for our clients and, as the amount of data available continues to expand, these techniques can supplement existing rigorous quantitative and qualitative analysis. William will work closely with Man GLG's portfolio managers, as well as leveraging Man Group's existing machine learning expertise, and I am delighted to welcome him to the firm."

Man AHL has been actively researching machine learning techniques and applying them within its client trading programs for several years. Man Group also benefits from its innovative collaboration with the University of......................

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