The Algorithms Outpacing Wall-Street

The Algorithms Outpacing Wall-Street
technology

Can computers replace human traders on Wall-Street?

Timothy Ryan, PSFK Labs
  • 13 april 2011

Increasingly, artificial intelligence is outperforming human traders on Wall-Street.

Cliff Asness is the founder of Applied Quantitative Research (AQR), one of the world’s leading quantitative-investment, or ‘quant’ fund companies in the world. Using high-speed computers and financial models of extraordinary complexity, Quants have consistently beat the market over the last decade. Even in the aftermath of the 2008 financial crisis, by the end of 2010, AQR had $33 billion in assets under management, up nearly 20 percent last year, after being up 38 percent in 2009.

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