Man GLG, a UK hedge fund overseeing $28.8 billion of assets as of March 31, is embracing machine learning.
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A $28 billion hedge fund is pushing into machine learning (EMG)
The role will aim to boost Man GLG's machine learning capabilities involving news and social media analysis, breaking market news, and visualizing complex data.
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The group has created a new position titled "head of machine learning." The new role will oversee development of Man GLG's machine learning capabilities involving news and social media analysis, breaking market news, and visualizing complex data.
The firm has hired William Ferreira, formerly of Florin Court Capital, for the role. Ferreira previously worked as Technology Manager for Man AHL from 2011 to 2014. In that role, he was Chief Technology Officer for Man Systematic Strategies.
edge funds have been turning to a "quantamental" investment strategy, using computer algorithms to comb through large data sets. In doing so, the funds are hoping to predict market behaviors to gain even the slightest advantage over competitors.
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