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Alternative Market Briefing

J4 Capital reinvents AI-backed investing

Thursday, August 27, 2020

Bailey McCann, Opalesque New York for New Managers:

A new fund is using so-called "superintelligence" to make trading decisions. J4 Capital launched in January, running a unique fund backed by a self-programming computer.

J4 is led by Jeff Glickman and Steven Jacobs. Glickman holds foundational patents for machine learning developed in the late 1990s and is the developer of the only known artificial superintelligence (ASI). He previously worked with the Department of Defense, where he worked on artificial intelligence. Steven Jacobs is the youngest MBA in US history, getting his degree at age 19 from Chicago Booth and going on to a lengthy career in securities trading and software development. J4 grew out of the team's desire to test the limits of artificial intelligence and investing.

"I set out to create something that would come up with investment ideas faster than I could, but it quickly grew beyond that," Glickman tells Opalesque New Managers. Glickman and his team spent over ten years developing and testing what would eventually become ASI.

Unlike other applications of AI in investing, which often rely on limited rules-based frameworks, Glickman's ASI is a genetic algorithm essentially designed to predict the direction of the S&P500 and optimize the investment portfolio accordingly. ASI is fully automated - it is self supervising, self healing, and self monitoring. C......................

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