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Laxman Pai, Opalesque Asia: Castle Ridge Asset Management, an Artificial Intelligence (AI)-driven hedge fund manager has announced the launch of its AI Multi-Strategy.
The Strategy is powered by WALLACE, Castle Ridge's proprietary AI platform, said a media release from the Toronto-based hedge fund manager.
"A purpose-built supercomputer, launched September 2023, enables WALLACE to optimize multi-strategy investment mandates," it said.
The petascale supercomputer can run quadrillions of theoretical floating-point operations per second and packs thousands of square feet of hardware footprint and datacentre level cooling requirements into a proprietary 7.5 by 5.5-foot fluorinert liquid-cooled system, the release noted.
According to the statement, the supercomputer allows Castle Ridge to rapidly customize multi-strategies for institutional allocators. WALLACE uses computing power to generate and combine numerous independent cross-asset return streams for better diversification and improved Sharpe ratios. The highest-octane version of the Strategy targets amplified returns with dynamic leverage, variable exposure, and risk controls.
Adrian de Valois-Franklin, Castle Ridge's CEO, said: "WALLACE has incredible potential. The leap from single strategies to multi-strategies is like solving a Rubik's cube where every small square is itself another Rubik's cube. The complexity explodes exponentially!"
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