hedge fund ML - arcturus9/useful-link GitHub Wiki

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* flukes(운좋게 맞은) as patterns by López de Prado

* 사람이 하는 건 문제 정하기
 Humane Define Problem, when AI Solve Problem

* 도구로 쓰기에 매우 유용함 
“The hedge fund pros we surveyed are not turning everything over to algorithms,” Waksman added. “Instead, they’re using them to formulate investment ideas and build portfolios informed by data analysis that the human brain could never hope to accomplish.”

* 20%(2017.8) -> 54%(2018.8) 가 AI나 ML을 투자에 활용 중(by BarclayHedge poll)  
Fifty-six percent of the survey’s respondents said they used AI or machine learning in their investment processes. Just 20 percent had said the same in a BarclayHedge poll last August.

* 퀀트 알고리즘이 하던일을 ML이 하고 있다
Much has been made of the rise of sophisticated quant funds, some of which use neural networks to generate trade indicators. Whereas in the past, algorithms were used to test and validate investment hypotheses produced by front-office teams, more recently they have evolved to use large unstructured data sets with which to identify themes/factors in the market. Trading teams then use these factors to hone their investment strategy.
The key difference is that whereas inputs were fed in to the trading code to create the trading signals, now quant managers are developing algorithms that use machine learning to think for themselves.
- AI를 투자프로세스에 활용하는데 더 투자하고 있음
 A Greenwich Associates poll last month pointed to accelerated spending on artificial intelligence by fund managers, with 56 percent of its respondents planning to increase the integration of AI into their investment processes. A year before, the world’s largest asset manager, BlackRock, announced a pivot to big data and artificial intelligence.
 - 43는 의사결정 프로세스에서 AI와 ML 기술에 의존하고 있음
On average, AI users surveyed by BarclayHedge said 43 percent of their decision-making process currently relied on machine learning and artificial intelligence techniques.
- 37%는 5년전부터, 27%는 1년 전에 AI를 응용하기 시작함
While 37 percent of the respondents using AI said they first adopted it more than five years ago, the second-highest proportion – 27 percent – have only begun implementing machine learning and artificial intelligence techniques within the last year.
- 반이상 AI/ML 사용중 / 3분의2가 아이디어와 포트 최적화에 활용 / 4분의 1일 execute에 사용 / 반이상 3년 이상, 3분의1이 5년이상 사용중
More than half of respondents say they use AI/ML to inform investment decisions.
Two-thirds say they use AI/ML to generate trading ideas and optimize portfolios.
Just over a quarter use automation to execute trades.
Well over half have used AI for three or more years, and a third have used the technology for five-plus years.

*World’s largest hedge fund to replace managers with artificial intelligence
https://www.theguardian.com/technology/2016/dec/22/bridgewater-associates-ai-artificial-intelligence-management