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Alternative Market Briefing

Opalesque Roundup: Artificial intelligence continues its march through hedge fund land: hedge fund news, week 22

Monday, May 29, 2017

In the week ending 26 May, 2017, in FinTech, industry experts are predicting that hedge fund investors would soon bet on a machine and not on a man; Guillaume Vidal said that France's hidden strengths lie in AI and machine learning. While some of the best hedge funds can be found in the U.S. or the UK, but all of them are using French quants, in the domain of artificial intelligence the situation would be similar.

Protégé Partners founder Jeff Tarrant said that artificial intelligence poses a serious threat to equity hedge funds within the next 10 years. Tarrant is launching Mov37, a new business that will invest in startup investment funds that utilize artificial intelligence. He said that Mov37 will initially invest in at least 10 fund managers, either through direct investing or seeding. Tarrant is targeting up to $1bn investments.

On the retail side Greyfeather Capital is also trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limits of alternative investments. Meanwhile, also Paul Tudor Jones ......................

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