Quant group AQR Capital Management is embracing artificial intelligence and machine learning techniques for trading decisions, ending years of reticence from one of the sector’s historic holdouts.
The Connecticut-based hedge fund that has $136bn under management, has “surrendered more to the machines” after years of experiments, its founder Cliff Asness told the Financial Times.
“When you turn yourself over to the machine you obviously let data speak more,” he said.
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