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Artificial intelligence
fromBusiness Insider
1 week ago

Why Wall Street's most data-obsessed investors are taking it slowly with generative AI

Most quant investors do not use generative AI due to data formatting requirements, need for explainable, repeatable models, and concerns about generating alpha.
Fundraising
fromBusiness Insider
3 weeks ago

How Paloma Partners, the legendary fund that seeded D.E. Shaw, is reinventing itself after redemptions and executive exits

Paloma Partners is restructuring under new leadership to rebuild reputation, attract top talent, diversify strategies, and grow assets after recent leadership and performance turmoil.
fromBusiness Insider
4 months ago

$34 billion quant hedge fund Qube is going live with a human stock-picking group next week

The $34 billion quant firm will have its first fundamental analyst team go live next week, two people close to the firm tell Business Insider. The team is under former Balyasny London office head Stephen Irvine and will have sector-focused analysts managing sleeves of capital. Irvine, who founded and briefly ran Lijaro Asset Management, will manage the overall portfolio atop the analysts, these people said. Each analyst will run between $200 million and $500 million, depending on their experience, they added.
Business
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