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Laxman Pai, Opalesque Asia:

Global investment banking and financial services company Canaccord Genuity Group has made a strategic investment in Artificial Intelligence powered hedge fund, Castle Ridge Asset Management.

The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over $60bn in client assets in Canada, the UK & Europe and Australia.

Adrian de Valois-Franklin, CEO of Castle Ridge, stated, "We are thrilled to be backed by an investor with global reach. Together, we believe Castle Ridge represents the future of asset management. Our proprietary WALLACE AI platform constantly adapts to ever changing financial markets."

"WALLACE is the culmination of 20 years of experience of what works, and more importantly, what does not work when trying to apply Machine Learning techniques to the markets. As a result, we developed a completely new branch of self-evolving Artificial Intelligence called Geno-Synthetic Algorithms," Adrian added.

Dr. Alex Bogdan, Chief Scientific Officer, added, "Clients will gain access to a truly unique set of uncorrelated investment strategies driven by Castle Ridge's explainable and transparent AI. What really sets the system apart is the ability to spot market behavioral patterns that are hidden to human managers and traditional static systematic strategies."

Castle Ridge is rolling out a full range of investment funds, which includes U.S. a......................

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