When CAIA (Chartered Alternative Investment Analyst Association) conducted a survey on the use of machine learning in the investment process, the vast majority of respondents proved to be in “raising awareness” mode. But it’s a “genie not going back in the bottle”, said Bill Kelly, CEO of CAIA, as financial pros find data scientists sitting closer and closer to their desks.
Kelly was speaking during a webinar hosted by CAIA, and was joined by George Mussalli, CIO and head of research on the 50-strong equity team at PanAgora ($46bn AuM), a quantitative asset manager founded in 1989 deploying machine learning algorithms to help find patterns in data, fill in missing information in data, and increasingly in trading.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..