Thu, Jul 18, 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. Crypto: U.S. market regulator issues guidance on custody of digital asset securities, Bitcoin's stunning growth makes it investable, admits legendary hedge fund manager, Institutional investments rise with bitcoin volatility. Wait, what?, Can blockchain build a better bank? Experts weigh in - The Ledger, Cryptocurrency startups get partial green light from Washington, Facebook's Libra cryptocurrency faces more backlash, China's central bank developing own digital currency in response to Libra[more]

    U.S. market regulator issues guidance on custody of digital asset securities From Reuters: The U.S. Securities and Exchange Commission (SEC) on Monday issued a notice on broker-dealer custody of digital asset securities, amid industry requests for clarity on whether they can hold such a

  2. PE/VC: Burger King in China and Turkey attracts private equity buyers, China's VC market is said to enter a downturn, VC industry makes slow progress on diversity[more]

    Burger King in China and Turkey attracts private equity buyers From Finance Asia: The world's largest franchisee of the fast-food chain outside the US is on the block. One wealthy Turkish family holds the key to a successful sale. Burger King is back up for sale in China and Turkey

  3. Hedge funds post best first half in decade, Viking Global funds surge, Blue Harbour's double windfall[more]

    Hedge funds post best first half in decade From Bloomberg: Hedge funds reported the best first half since 2009 as equity managers capitalized on the surge in stocks. Funds rose 5.7% from January through June, according to Hedge Fund Research Inc.'s asset-weighted index of managers. Equi

  4. Private real estate fundraising nosedives in 2Q 2019, hitting a five-year low[more]

    Laxman Pai, Opalesque Asia: Private real estate fundraising decreased significantly in Q2 2019 from the previous quarter, hitting a five-year low, Preqin said in its quarterly update on real estate. Forty-seven funds reached a final close, raising just $29bn, which marks a sharp decrease fro

  5. Regulatory: SEC reforms open door to BDC market shakeup, Regulatory rollback: First set of Volcker Rule reforms finalized[more]

    SEC reforms open door to BDC market shakeup From Reuters: The US Securities and Exchange Commission's (SEC) fund of funds proposals potentially open the door to a shakeup in the Business Development Company (BDC) market. Under the existing guidelines, regulated funds are prohibited from