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In the week ending 18 August, 2017, in FinTech, hedge funds are increasingly using "alternative data" data to detect emerging trends; Baillie Gifford has launched a project exploring how to harness artificial intelligence to improve the performance of its funds; bitcoin's skyrocketing price is showing no signs of slowing, currently trading for over $4,100 a coin; nvestment firm VanEck calls bitcoin a 'fad,' and then files for bitcoin ETF - an example of the widespread ambiguity around cryptocurrencies. Ethereum has set a new transaction record, outperforming bitcoin; artificial intelligence is likely to make a career in finance, medicine or law a lot less lucrative; but fund managers fiercely deny that AI threatens jobs. Meanwhile some industry experts claimed that Deep Learning is not the future of AI because its workings does not make it accountable. Some equity crowdfunding platforms are putting startups at serious risk by creating an obligation for an IPO. Barclays and Bank of America Merrill Lynch have launched new hedge funds; Hugh Stephens and James Alexander have joined forces to raise a $20m fund and launch a six-month long accelerator program; Global Sigma's volatility arbitrage strategy is due to launch this month; GuideStone Funds has launched its new Strategic Alternatives Fund to address increased market volatility; Lewis Fellas is planning a hedge fund that invests in digital currencies such as bitcoin; and Hari Ravisankar is starting his own Asia-focused stock hedge fund. The Eurekahedge Hedge Fund Index is up 0.88% (est.) in July and 4.27% YTD. Stefan Nydahl said that IPM ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, August 19, 2017
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