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by panarky
3294 days ago
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> It's almost impossible ... You'd think so, and yet ML is transforming investment and trading strategies. From The Economist: Castle Ridge Asset Management, a Toronto-based upstart, has achieved
annual average returns of 32% since its founding in 2013. It
uses a sophisticated machine-learning system, like those used
to model evolutionary biology, to make investment decisions.
It is so sensitive, claims the firm’s chief executive, Adrian
de Valois-Franklin, that it picked up 24 acquisitions before
they were even announced.
Source: http://www.economist.com/news/finance-and-economics/21722685... |
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