Fri, May 6, 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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n