Weekend Reads: The Artificial Intelligence Debate

Now, after many false dawns, an artificial intelligence technology called deep learning that loosely mimics the neurons in our brains is holding out promise for firms. WorldQuant is using it for small-scale trading, said a person with knowledge of the firm. Man AHL may soon begin betting with it too. Winton and Two Sigma are also getting into the brain game.

Hedge Funds Are Training Their Computers to Think Like You – (Bloomberg)

 

Hedge Fund Management has its own vocabulary. Listed below are frequently used terms that you should know, if you are new to this field.

Infographic: 47 Hedge Fund Terms – (Visual Capitalist)

 

The firm is offering its Main Street customers lower-cost quantitative stock funds that rely on data and computer systems to make predictions, an investment option previously available only to large institutional investors. Some existing funds will merge, get new investment mandates or close.

BlackRock Bets on Robots to Improve Its Stock Picking – (Wall Street Journal)

 

Inside his efforts to influence the rapidly advancing field and its proponents, and to save humanity from machine-learning overlords.

Elon Musk’s Billion Dollar Crusade to Stop the A.I. Apocalypse – (Vanity Fair)

 

But last year showed some promise for the rest of the Managed Futures space (“the field”) in terms of new assets, with about three quarters of the $13 Billion raised going to firms other than the Big 3 (1 of which shouldn’t even be in the conversation), leaving an impressive $9 Billion of asset growth on $161 Billion (about 5%).

No One Knows How Big Managed Futures Is – (RCM’s Attain Alternatives Blog)

 

Just a week ago, it looked as if the dormant CBOE Volatility Index was awakening. Fast-forward five days, and the gauge known as the VIX is closing in on its lowest quarterly average since the final months of 2006.

Calmest Market in More Than Decade on VIX Quarterly Drop: Chart – (Bloomberg)

 

Join us to hear keynote speaker Russell Rhoads; director of education at CBOE, speak to how Volatility is becoming a new investable asset; then dive into real world examples with 3 hedge fund managers sharing how they approach this new method of investing, hedging, and speculating via VIX Futures and options.

WEBINAR: Investing in Volatility with VIX Futures – (RCM’s Attain Alternatives Blog)

 

Corn stocks in all positions on March 1, 2017 totaled 8.62 billion bushels, up 10 percent from March 1, 2016. Soybeans stored in all positions on March 1, 2017 totaled 1.73 billion bushels, up 13 percent from March 1, 2016.

USDA Grain Stocks Report Shows Double Digit Grain Gains – (AG Web)

 

Still, what past performance does reveal is precisely that diversification can buffer shocks. In the brief period of the performance of those three hypothetical portfolios, there were two great market shocks: the dotcom bubble burst and related phenomena (the “tech wreck”) at the beginning of the period and the Great Recession in the middle.

The Free Lunch of Diversification: Still on the Menu – (All About Alpha)

 

Startups are increasingly looking to an alternate source of equity funding and growth capital to close a significant round of private investment: the family office.

Family money: An emerging funding source for startups – (VentureBeat)

 

Formerly a clerk for Chief Justice John Roberts, Mr. McDonald also previously worked as an associate at the law firm Williams & Connolly.

CFTC Chief Taps New York Prosecutor for Top Enforcement Role – (Wall Street Journal)

 

“We are sowing the seeds for potential instability in the future and more volatility, ” Jaeggi said. In three to four years, “you won’t be able to satisfy demand with short-cycle barrels.”

Oil Traders Warn There’s a Supply Crunch Looming – (Bloomberg)

 

There’s only one problem with casting regulation as the villain: There’s not much evidence for it.

A Dearth of I.P.O.s, but It’s Not the Fault of Red Tape – (New York Times)

 

It could also ease the burden on the 225 million women in developing countries, who the World Health Organization says have an unmet need for contraception. Yet, so far only a U.S. non-profit has taken up development of the technology abroad.

A New Kind of Male Birth Control Is Coming – (Bloomberg)

 

Just five years ago, there were only about 2,000 U.S. craft brewers, which the Brewers Association defines as small or independent beer makers. Last year alone, more than 800 opened for business.

U.S. Breweries Top 5,300 As Craft Beer Makers Ride Double-Digit Gains – (NPR)

 

It is every investor’s dream to get out before a market tumble slices their portfolio, but episodes like last week’s tumble show that trying to do so is like death by a thousand cuts.

Why the ‘Trump Slump’ Still Stings for Mom-and-Pop Investors – (Wall Street Journal)

 

Australia’s last recession — defined locally as two straight quarters of contraction — occurred in 1991 and was a devastating conclusion to eight years of reform designed to create an open, flexible and competitive economy. But it also proved cathartic, paving the way for a low-inflation, productivity-driven expansion.

This Is Why Australia Hasn’t Had a Recession in Over 25 Years – (Bloomberg)

 

We let you in on the median income of those considered middle class across U.S. states. But what’s the minimum you have to earn to be a part of this shrinking income tier?

How much you have to earn to be considered middle class in every state – (CNBC)

 

The network’s programming costs are far greater than those of HBO—the budget for an entire season of Game of Thrones costs around $100 million, or less than what ESPN pays for the rights to air a single Monday Night Football game

ESPN Has Seen the Future of TV and They’re Not Really Into It – (Bloomberg)

 

And then I learned about the “king of fruit”: muskmelons, reticulated spheres of “melting sweetness” that could command $27,000 a pair,

Why Should a Melon Cost As Much As a Car? – (Slate)

 

 

 

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

logo