Speaking to MarketWatch, Valois-Franklin described Wallace as a multi-manager hedge fund in which virtual portfolio managers are constantly "battling each other to see who is the most fit in this environment." But the hedge fund chief notes that unlike human portfolio managers, Wallace never needs to sleep and never needs a pep talk.
A former investment banker with little previous quantitative-trading experience, Valois-Franklin claimed that Wallace's main selling point over rival AI-powered hedge funds is its ability to constantly refine its own models using evolutionary processes that have been likened to selective breeding.
The hedge fund's staff now spend their time trying to "break" Wallace's system, by throwing in "unknown unknowns" and offering the AI new data. In one case, the team fed Wallace satellite images of Walmart (WMT) parking lots, to see whether the information could help the machine predict consumer behavior.
樓主