Boosting Hedge Fund Performance with AI and DDN Storage
DDN News, Tuesday, June 20, 2023
In the hedge fund world, a fraction of a second can mean all the difference. So fund managers are constantly looking for ways to make informed trades faster. That's true whether they're doing ultra-high-frequency trading - pursuing billions of relatively low-value trades-or taking on greater risk by trading thousands or millions of assets at high value.
In this ultra-competitive and fast-paced world, hedge funds are increasingly turning to complex and high-powered algorithms to help them assess opportunity and boost fund performance.
The data suggests it's working. Last year, Texas A&M University teamed up with the University of Vaasa in Finland to take a deeper look at 15 years of hedge fund data, spanning 2006 to 2015. The researchers split up hedge funds into four categories based on how much automation played into decision making.