“King of Quants” Questions Machine Learning: “Can Machines Learn Without Humans?”

Eric Sorensen is one of the last standing men of his generation. As one of the early quants, Sorensen, now 71, is the oldest quant researchers running a large quantitative investment firm — one currently with over $46 billion under management. As head of Boston-based PanAgora Asset Management, he looks at trends in artificial intelligence, machine learning and other quantitative advancements and he sees repeating patterns in history. Today’s challenge, he told ValueWalk, is sifting through the hype to recognize meaningful advancements. Q4 hedge fund letters, conference, scoops etc There is very little new theory in finance, but new techniques…