Fri, Nov 15, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swedish currency fund Century Analytics AB launches with a focus on machine learning

Friday, October 25, 2019

Bailey McCann, Opalesque New York for New Managers:

2019 has been a rough year for hedge funds. Everything from market volatility to geopolitical headwinds is making it hard for managers to outperform. A new fund - Century Analytics AB - has launched this month and will rely on machine learning techniques to create an edge.

The fund, founded by Hugo Langeen a classically trained musician and high stakes poker player, will use machine learning to trade currencies.

"We describe our trading system as an orchestra," Langeen tells Opalesque New Managers. "But instead of musicians, we have agents that are specialized on specific market information. The agents report back to the conductor, who is a reinforcement learning algorithm, which means he constantly trains against himself and improves his capacity. The conductor is trained to find signals and use them in his own way."

The strategy will look for profitable patterns among currency pairs. Langeen hopes that as the algorithm learns more over time, its trades will get better and better. More managers are turning to machine learning to improve investment performance but it remains unclear how much of it ends up in client portfolios. Century Analytics is opting to put machine learning at the center of its strategy. "We think of ourselves as a diversifier in an investment portfolio. We are specifically suited for investors that are b......................

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. PE/VC: Private equity is the new stock, Private equity fundraising in the US hits all-time high, Foreign private equity firms lead $152bn blitz on London Stock Exchange[more]

    Private equity is the new stock From Institutional Investor: The traditional portfolio of stocks and bonds needs an alternative investment shake-up after failed monetary policy, according to executives at JPMorgan Chase & Co.'s asset management unit. "We are in an odd cyclical posit

  2. Opinion: Cliff Asness: It's 'time to sin'[more]

    From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about time we did some" - specifically when it com

  3. Investing: Hedge fund Whitebox places big bet on gunmaker Remington, Quant funds exit Japanese bonds in worst sell-off since 2013[more]

    Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox

  4. Tech: Investors race to tech start-ups despite SoftBank stumbles, Two Sigma launches risk management software[more]

    Investors race to tech start-ups despite SoftBank stumbles From FT: Investors are planning to pour billions more dollars into later stage tech start-ups, even as Japan's SoftBank reels from a succession of faltering bets. Stephen Schwarzman's Blackstone plans to raise between $3bn and $4b

  5. Regulatory: Carried interest tax rules slated for 2020, official says[more]

    From Bloomberg: The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year, a top Treasury official said. The regulations will likely bar money managers from using S corporations to take advantage of an exemption