The barbarians are at the gate of Wall Street. But rather than a mob with pitchforks and torches, these barbarians come armed with laptops and machine learning algorithms. Where will the Silicon Valley crowd attack first? The asset management business is the low hanging fruit, says a Moody’s report titled “The second wave of disruption will be digital.” Amazon, Apple, and Google are already attacking traditional asset managers.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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