Darwin wins again
Risk.net
This article paints a picture of the future, where alternative data is commoditized and firms have adapted to datasets that don’t fit current models. Read More
Man AHL pushes boundaries with machine learning
Risk.net
Man AHL is cautiously optimistic about its ML order-routing algorithm. Read More
AQR is in the game
Financial Times
After years of factor investing, AQR has begun testing automated trading strategies that rely on alternative data to find profitable patterns. Read More
Using AI to forecast fundamentals, not stock prices
Bloomberg Technology
Although Euclidean Technologies’ AI price prediction failed, their new technique, which focuses instead on company fundamentals, handily beat their standard statistical model. Read More
Voleon keeps plowing ahead
The Wall Street Journal (subscription)
Voleon Group remains 100% focused on machine learning — even if that means mixed results. Read More
Left to their own devices, ML techniques prone to “overfitting”
The Economist
Although San Francisco hedge funds predictably embrace machine learning, it’s humans who execute the actual trades. Read More
The big five get bigger
Bloomberg
Technology firms have already entered finance — Alibaba’s $235.6B money market fund comes to mind. How will banks react when Google and Amazon get in the game? Read More
The buy-side hiring outlook for the US in 2018
eFinancialCareers
Recruiters offer insight into what 2018 has in store for hedge funds, including a focus on revenue generating roles, a move to long-only funds and the rise of domain experts. Read More
Meet the man who made Python relevant
Quartz
Mathlete Wes McKinney runs the world’s most popular Python tool — in his spare time. Read More