Sat, Dec 15, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Using cell biology to understand financial markets

Wednesday, May 10, 2017

Bailey McCann, Opalesque New York for New Managers:

In Computational Biology, researchers will sometimes look at gene networks to determine how they cross with each other and what the outcomes are. A lot of that work involves cleaning up noisy data and separating correlation from causation. Professor Desmond Lun has a background in the field and is using his understanding of gene networks to help unlock new insights in financial data. He's the founder and portfolio manager of Taaffeite Capital Management, a boutique quant shop that trades the global equity index and fixed income futures.

Most recently Dr. Lun was in the news for making money off of the Brexit vote by leveraging data from academic studies of blue-green algae to understand how markets might react. His use of this data to trade the market generated a 32 percent return on the day of the vote.

Dr. Lun relies on several algorithms and financial models to figure out where the market is mispriced and go long or short accordingly. In the case of Brexit, Taaffeite's strategy didn't take positions based on the idea that there was a vote being held, but instead just looked for the flaws in other positions that were taken based on the referendum. "Our models look for positions to......................

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. Brexit: Hedge funds make big bets against post-Brexit UK economy, Hedge funds rent a lifeline to stay afloat in EU post-Brexit, Treasury green-lights sale of new EU funds into UK[more]

    Hedge funds make big bets against post-Brexit UK economy From The Guardian: A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Cr

  2. Trends: Licking their wounds, fund managers prep for rally in '19, Concerns rising over leveraged loan market[more]

    Licking their wounds, fund managers prep for rally in '19 From Reuters: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at

  3. New Launches: Swiss boutique launches EM impact bond fund, Jungle Ventures to raise $200m third venture capital fund, CPR AM licences five funds with new climate rating, Sailing Capital seeks $1.5bn for second fund, Liquid multi-strategy alts focus of new Schroder fund, Vivo Capital rakes in $864m, Swiss group launches sustainable European small-cap fund[more]

    Swiss boutique launches EM impact bond fund From City Wire: Swiss impact investmenting boutique BlueOrchard has launched a Ucits-complaint impact bond fund. The Luxembourg-domiciled Emerging Markets SDG Impact Bond fund will allocate to companies in emerging and frontier markets and aims t

  4. Institutional Investors: PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup, Qatar Investment Authority has accelerated investments in technology, Elon Musk says he would no longer accept Saudi investment, San Francisco City & County Employees slates $192m for alternatives[more]

    PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup From PIonline.com: Pennsylvania Public School Employees' Retirement System, Harrisburg, allocated $450 million to three investment funds and added 11 new funds to its defined contribution lineup, confirmed Evelyn Williams,

  5. Swiss asset manager GAM sees big 2018 loss, omits dividend[more]

    From Reuters: Swiss asset manager GAM Holding AG will cut staff by a tenth and omit a 2018 dividend, it said on Thursday, forecasting a 2018 net loss of around 925 million Swiss francs ($931 million) as it shakes up its embattled business. Assets under management continued to fall, dropping to