Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lucena Research raises $1m in oversubscribed financing rounds

Wednesday, March 06, 2013
Opalesque Industry Update: Lucena Research, a provider of investment decision support technology to RIAs, small hedge funds and other sophisticated investors, announced that it has raised $1.025 million in two seed financing rounds. The investor list includes a hedge fund and a registered investment advisor that were instrumental in piloting Lucena’s QuantDesk software in late 2012. A group of angel investors also participated in the funding rounds including a senior executive who spent the past 20 years leading one of the world’s largest global wealth management service providers.

A pioneer in machine learning quantitative analysis, Lucena Research provides an innovative approach to price forecasting, portfolio optimization and hedging techniques. Derived from statistical forecasting, QuantDesk™ adapts to over 200 fundamental, technical, and proprietary time series indicators to help investment professionals with their ongoing investment decisions. QuantDesk™ is capable of constructing self-adjusted predictive models geared to exploit market opportunities and scientifically validate and support clients’ investment strategies and goals. Using Lucena’s pattern matching algorithms and portfolio replication methods, investment professionals can exploit market opportunities while also reducing risk in their portfolio.

“We are extremely pleased with the level of interest we were able to garner in such a short time. We are also thrilled with the level of professional pedigree we were able to attract as investors backing Lucena,” said CEO Erez Katz. “The high participation of industry experts who professionally specialize in wealth management is a testament to our unique value proposition and prospective growth. We are committed to deliver substantial value to our customers and consequently to our investors by providing powerful products and services geared to empower our clients with the latest advancements in machine learning and computational finance.”

Lucena Research

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the