News week 
Last year, the world’s billionaires made over $462 billion combined, enough money to end extreme poverty around the globe seven times over. With a new billionaire added to the list nearly every two days, wealth inequality widened, according to a new report from Oxfam. Forty-two of the richest people in the world now hold as much…
Big tech, luxury goods, and real estate investors earned the most money in 2017, with e-commerce and social media CEO’s dominating both Forbes and Bloomberg lists of top-earners. While American tech investors’ wealth continued to soar, Chinese investors and European luxury brands proved they could earn more than some of the world’s long-standing richest men. Amazon…
President Donald Trump’s Commerce Secretary Wilbur Ross is facing allegations of insider trading related to the sale of his shares in the Bank of Ireland several years ago, and it’s just the latest claim of financial impropriety lodged against him. Ross, then a major shareholder in the bank and member of its board of directors, sold…
London headquartered big data specialist Neudata has released the much-anticipated version 2 of its online Neudata Scout digital data intelligence platform. Neudata provides hedge funds and other institutional investment managers with metadata about the vast array of alternative datasets available for selecting and back testing the most appropriate sources for alpha generation. It takes a lot…
Q2/H1 Hedge Fund Letters - Letters, Conferences, Calls, And More
Numerai is a hedge fund with big ideas and even bigger ambitions: using crowd-sourced machine intelligence to transform the way money is managed. Crowd-sourced investment strategies are many and varied, but Numerai has a novel way of applying technology. The fund supplies its network of data scientists with encrypted data that allow them to test their…
Consider three hair-pulling problems: 1 percent of the world’s energy is used every year just to produce fertilizer; solar panels aren’t powerful enough to provide all the power for most homes; investing in stocks often feels like a game of Russian roulette. Those seemingly disparate issues can be solved by the same tool, according to some…
In a room at the United Nations overlooking New York’s East River, at a table as long as a tennis court, around 70 of the best minds in artificial intelligence recently ate a sea bass dinner and could not, for the life of them, agree on the coming impact of AI and robots. This is perhaps…
Close The night I flew into West Palm Beach, a string of deadly tornadoes ripped across Florida. High winds pounded surf against jagged coastline and whipsawed the 100-foot-tall trees along Royal Palm Way—what locals call Bankers’ Row. It was just a few days after Donald Trump’s inauguration. A couple of miles down the road, seemingly oblivious…
This article was originally published on International Business Times. Read the original here. Delegates at Newsweek and International Business Times’ data science in capital markets event were mesmerised by a video of shoe box-sized satellites, known as “cube sats” being released into the earth’s atmosphere. They were then shown the speeded up footage that was being…
This article was originally published on International Business Times. Read the original article. Much of the current machine learning revolution originated around applications like computer vision that have nothing to do with finance. It’s an interesting question, the extent to which the latest artificial intelligence and deep learning techniques can crossover into finance. Financial data modeling…
This article originally appeared on The International Business Times. There are many different components and systems for solving big data problems and one of the big challenges is interoperability. There can be high costs associated with plugging components together to transfer data between one system and another. The Apache Arrow project is good example of how…
This article was originally published by International Business Times. A commonly held view of hedge funds is of secretive organizations that jealously guard the tools that make them money. Contrary to this is the trend among certain firms to open source their software and invite collaboration from the developer community. Firms that have blazed a trail…
When Donald Trump this week gave his first press conference since winning the presidential election, he alternately lauded the press and shouted down reporters he didn’t like with jeers such as: “Fake news!” He slipped into stream-of-consciousness rants about everything from Chinese hackers to hidden cameras in hotel rooms “all over the place.” And he denounced…
This article was originally published by International Business Times. Within the silos of incumbent financial services, so-called fintech companies are good at picking off one thing only and doing it well. This approach is also taken within data science, where a lot of the properly intelligent work is about understanding the domain (problem) and how best…
Rose Guidel was in trouble. It was 2009 and the United States was in the grips of the Great Recession. Her brother, who had helped pay the mortgage on her modest home outside of Los Angeles, had been murdered, so she contacted her bank to say her payment would be late. The bank apparently told her…
