Vendor Engineers Virtual Portfolio Manager
in Hedge Fund Alert, February 22, 2017
A stock-research shop that caters to thousands of traders and investors has developed an artificial-intelligence program with hedge funds in mind.
The San Diego vendor, Trade Ideas, is positioning the new product as a virtual equity portfolio manager that hedge fund operators can adopt to expand their mix of strategies or supplement the efforts of human traders. The program, dubbed Holly, applies machine-learning technology that sifts reams of market data at the end of each trading day and crafts strategies that can be executed the following day… (continued)