Using public information and making small tweaks, an alpha-seeking AI fund manager outperformed 93% of mutual fund managers by an average of 600%.
Using public information and making small tweaks, an alpha-seeking AI fund manager outperformed 93% of mutual fund managers by an average of 600%.
If an AI can emulate Renaissance Technologies’ Medallion Fund and do so on a large scale in the future, that would be a great step forward, but only a few would be able to do so.