Vendor Engineers Virtual Portfolio Manager

in Hedge Fund Alert, February 22, 2017

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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)