Please note that log in for BLAW products will be unavailable for scheduled maintenance on Sunday, February 5th from approximately 4 AM to 5 AM EST.
Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

The Master of Robots Left AQR. Now He’s Coming for Wall Street

Oct. 9, 2019, 2:13 PM

The man dubbed the world’s top quant has a message for Wall Street firms lavishing millions on machine-learning programs: Most of you are doing it wrong.

Robots could save active money managers from doom but the technology is struggling to live up to the disruptive promise, according to Marcos Lopez de Prado.

The Spaniard spent years at the storied names of smart-money finance in his bid to shake up investing with self-learning robots. Now he’s travelling across quantland to deliver a reality check -- selling his algorithms and expertise to all comers after an unexpected split from AQR Capital ...