Tudor said to be betting on data analytics, scientists
New York
PAUL Tudor Jones built his career on market savvy and a strong stomach for risk. Now, his gut is telling him to bet that data and the smarts of scientists can help his US$10.6 billion hedge fund firm find profitable investment ideas.
His firm, Tudor Investment Corp, invested several million dollars late last year in a pair of startups led by entrepreneur Gil Syswerda and has partnered with them to use machine learning in investment decisions, according to people with knowledge of the matter. Mr Syswerda, who's helped build a series of data-analytics companies since the 1990s, has been hiring a team of scientists to develop better ways to digest information such as satellite images, geolocation data and text, said the people, who …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements
Lloyds bank says quarterly profits sink on higher costs
US seeks 36 months’ jail for Binance founder Zhao
Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading
PBOC steps up rhetoric against long-end government bond rally