Economics
The Master of Robots Left AQR. Now He’s Coming for Wall Street
- Lopez de Prado pitches machine learning via independent outfit
- AI pioneer delivers uncomfortable truths to active managers
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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.