Wired Notices AI Hedge Funds, But How “New” Is New?

AI Hedge Funds …… New types of algorithmically-based strategies are being developed, but the real question becomes how “new” is new? New strategies are being executed by computers, but how, exactly, these computer-based programs create an all-new investment thesis remains unclear and their performance remains untested. Algorithmic investing and AI hedge funds becoming all the rage A Wired magazine piece notes the development of investment strategies using artificial intelligence and “deep learning” mechanisms. Citing both new and existing alternative fund managers such as Bridgewater and Point72 Asset Management, who are opening new chapters in algorithmic investing, as was previously pointed…