Fri, Aug 23, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

A.I. wealth manager bets on investments of the future

Friday, September 07, 2018

amb
Mansi Singhal
B. G., Opalesque Geneva:

It's time for asset managers to think of their firms in terms of technology firms rather than finance firms, according to Mansi Singhal, co-founder and CEO of QPLUM, an artificial intelligence (A.I.) wealth manager based in New Jersey.

"A.I. here is not about finding the next home run, the next big trade. A.I. can be used to reduce costs, to lower key-man risks, and to allow for more focus on having a diverse set of strategies… If you look at what new generation asset managers will look like five or ten years from now, it will look nothing like what we see today."

Now, she continues, we view a typical hedge fund as having a trader, a quant, a research analyst, a Bloomberg or a Reuters screen and lots of excel sheets. But her firm is not like that: it has DevOps (a clipped compound of "development" and "operations") engineers "because we are cloud native, because we need lots of servers to run studies and process, 20 years of historical data and more… You see quants… who are not working on the next indicator but instead on this deep learning framework that extracts indicators for them. We are using A.I. not to predict whether the markets will go down tomorrow but to summarise what the markets are doing today."

This is nothing new: the finance industry is widely expected to fully embrace technology in the near future and it is steadily making its way there. But there are some like QPLUM that have started out as just that: a technol......................

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. Regulatory: Coming to America: US instigates major study into Mifid II[more]

    From IR Magazine: In the latest impact of Mifid II coming to America, a major investigation concentrating on research for small issuers has been successfully instigated by US politicians, on the back of the US coming closer to the European regulation. The US lower House of Congress, the House o

  2. Study: Quantitative investment strategies: Theory vs practice[more]

    From All About Alpha: When pitching an investment product with a backtested history the frequent response from potential investors is that they have never seen a bad backtest. Naturally this is true as there is no point in marketing a strategy with a poor backtest as investors have zero interest in

  3. 6 out of 10 investors seek to move assets from UK amid brewing of perfect storm[more]

    Opalesque Industry Update - Six out of 10 investors are now actively seeking to move assets out of Britain as a perfect storm looks set to hit the UK economy, reveals a new poll. The survey of more than 740 clients carried out by deVere Group, one of the world's largest independent financial

  4. Investing: Hedge funds take record short bets against Aston Martin, Investor sentiment reaching reversal point, says Lipper,It's time to buy into this long-suffering strategy, Investors, 'starved for returns,' flood private markets in search of high-growth opportunities[more]

    Hedge funds take record short bets against Aston Martin From FT: Hedge funds have taken record short positions in the debt and equity of Aston Martin, betting that the luxury carmaker will continue to struggle after one of the most disastrous stock market debuts of recent years.

  5. Crayhill Capital Management closes $100M transportation financing in Mexico[more]

    Bailey McCann, Opalesque New York: Private credit shop Crayhill Capital Management is providing a senior secured credit facility of up to $100 million to Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico. Crayhill Capital Management is l