Paul Tudor Jones Said To Back Alt Industry Artificial Intelligence Startups

May 23 2017 | 10:56pm ET

Famed investor Paul Tudor Jones has reportedly invested into two artificial intelligence startups working on big data applications in finance.

The two companies are CargoMetrics Technologies, an investment company using alternative data sets such as satellite signals and shipping data to trade commodities, currencies and equity futures, and San Francisco-based Numerai, a hedge fund utilizing anonymously submitted quantitative models, according to a Bloomberg article citing an unidentified individual familiar with the matter.

Both Jones and his Tudor Investment Corp. have increasingly looked into quantitative and technology-based investment approaches, the article continued. Tudor invested into machine leaning companies FeatureX and Machine Alpha in 2015, while Jones also formed algorithmic trading joint venture LaunchPad with Joseph Niciforo’s HC Technologies and backed quantitative manager Engineers Gate. 

Jones is one of the most renowned investors on Wall Street, having founded Greenwich, CT-based Tudor Investment Corporation in 1980 and growing it into a global alternative asset manager with more than $10 billion in AUM across a wide range of discretionary global macro, quantitative global macro, managed futures, quantitative equity systems and discretionary equity long/short strategies.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...